Garwood Medical Devices Financing
Garwood Medical Devices, Llc, Limited Liability Company just released form D announcing $3.60 million equity financing. The date of first sale was 2016-05-16. Garwood Medical Devices was able to finance itself with $3.60 million. That is 100.00% of the financing offer. The total offering amount was $3.60 million. The financing document was filed on 2016-10-05. The reason for the financing was: unspecified.
Garwood Medical Devices is based in New York. The company’s business is Biotechnology. The form was signed by Wayne D Bacon Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 77 Goodell Street, Suite 450, Buffalo, Ny, New York, 14203. Wayne D Bacon is the related person in the form and it has address: 148 Middlesex Road, Buffalo, Ny, New York, 14216. Link to Garwood Medical Devices Filing: 000167618416000004.
Analysis of Garwood Medical Devices Offering
On average, firms in the Biotechnology sector, sell 73.77% of the total offering amount. Garwood Medical Devices sold 100.00% of the offering. Could this mean that the trust in Garwood Medical Devices is high? The average fundraising amount for companies in the Biotechnology industry is $3.08 million. The total amount raised is 16.88% bigger than the average for companies in the Biotechnology sector. The minimum investment for this financing was 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 Garwood Medical Devices Also
The Form D signed by Wayne D Bacon might help Garwood Medical Devices, 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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