Provisio Medical Financing
Provisio Medical, Inc., Corporation just filed form D announcing $1.00 million equity financing. This is a new filing. Provisio Medical was able to finance itself with $650,000 so far. That is 65.00% of the round of financing. The total financing amount was $1.00 million. This form was filed on 2016-10-04. The reason for the financing was: unspecified. The fundraising still has about $350,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Provisio Medical is based in Alabama. The filler’s business is Other Technology. The D form was signed by Stephen Eric Ryan President. The company was incorporated in 2014. The filler’s address is: 10449 Hunters Ridge Place, San Diego, Ca, California, 92127. Stephen Eric Ryan is the related person in the form and it has address: 10449 Hunters Ridge Place, San Diego, Ca, California, 92127. Link to Provisio Medical Filing: 000143774916039464.
Analysis of Provisio Medical Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Provisio Medical sold 65.00% of the offering. The financing is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 57.79% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this offering is set at $50000. If you know more about the reasons for the financing, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Provisio Medical Also
The Form D signed by Stephen Eric Ryan might help Provisio Medical, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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