$2 million equity private placement is initiated by VentuCap

ventucapA $2 million non-brokered equity financing round is being launched by VentuCap. The placement is structured to close in November 2015 should the fundraising target not be reached. The company didn’t report selling securities thus far. The equity offering’s estimated net proceeds will amount to $1.75 million which excludes $252,000 to be paid toward officers’ salaries. This is the first time the company is filling a security offering under a registration exemption with the SEC.

The company is a business incubator focused on developing its own internal businesses first before seeking external opportunities. Products developed target the mass market.

VentuCap, registered in 2014, is headquartered in Glendale CA. It is led by Vahe Ohanessian (President and CEO). The company reported having no revenues.
The executive team includes Peter Sheu and Petros Dertsakyan.

Offering recap
Status: Launched
Company: VentuCap
Industry: Other Technology
Amount offered: $2 million
Data as of: 11-08-2014

For more information visit www.XDATA.co


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