Form D Report: Diagnotes $500000 Fundraising. David Wortman Published Oct 10 SEC Filing

Technology Diagnotes, Inc. - David Wortman

Diagnotes Financing

Diagnotes, Inc., Corporation just filed form D for $500,000 debt financing. This is a new filing. Diagnotes was able to fundraise $240,000 so far. That is 48.00% of the financing round. The total fundraising amount was $500,000. The fundraising form was filed on 2016-10-10. The reason for the financing was: unspecified. The fundraising still has about $260,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Diagnotes is based in Indiana. The firm’s business is Other Technology. The D form was signed by David Wortman CEO. The company was incorporated more than five years ago. The filler’s address is: 8900 Keystone Crossing, Suite 540, Indianapolis, In, Indiana, 46240. David Wortman is the related person in the form and it has address: 8900 Keystone Crossing, Suite 540, Indianapolis, In, Indiana, 46240. Link to Diagnotes Filing: 000157097316000001.

Analysis of Diagnotes Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Diagnotes sold 48.00% of the offering. The financing is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 84.42% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups raise funds for a variety of reasons and needs. The minimum investment for this offering is set at $15000. If you know more about the reasons for the fundraising, 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 Diagnotes Also

The Form D signed by David Wortman might help Diagnotes, 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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