Procare Diagnostics Financing
Procare Diagnostics Llc, Limited Liability Company just released form D for $200,000 equity financing. This is a new filing. Procare Diagnostics was able to fundraise $58,000 so far. That is 29.00% of the fundraising. The total financing amount was $200,000. This form was filed on 2016-10-04. The reason for the financing was: Sale of Class A Units of Issuer.. The fundraising still has about $142,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Procare Diagnostics is based in Alabama. The company’s business is Biotechnology. The form was signed by Navroze Mehta Manager. The company was incorporated in 2015. The filler’s address is: 123 Nw 13Th Street, Ste 307, Boca Raton, Fl, Florida, 33432. Navroze Mehta is the related person in the form and it has address: C/O Procare Diagnostics Llc, 123 Nw 13Th Street, Ste 307, Boca Raton, Fl, Florida, 33432. Link to Procare Diagnostics Filing: 000168489516000001.
Analysis of Procare Diagnostics Offering
On average, companies in the Biotechnology sector, sell 73.77% of the total offering size. Procare Diagnostics sold 29.00% of the offering. The financing is still open. The average investment floor size for companies in the Biotechnology industry is $3.08 million. The offering was 98.12% smaller than the average of $3.08 million. Of course this should not be seen as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this fundraising is set at $0. 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 Procare Diagnostics Also
The Form D signed by Navroze Mehta might help Procare Diagnostics Llc’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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