Seniorlink Inc, Corporation just filed form D announcing $10.00 million equity financing. This is a new filing. Seniorlink was able to finance itself with $10.00 million. That is 100.00% of the round of financing. The total fundraising amount was $10.00 million. The offering form was filed on 2016-10-03. The reason for the financing was: unspecified.
Seniorlink is based in Massachusetts. The company’s business is Other Health Care. The SEC form was filed by Thomas Riley Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 500 Boylston Street, Suite 640, Boston, Ma, Massachusetts, 02116. Thomas Riley is the related person in the form and it has address: 500 Boylston Street, Suite 640, Boston, Ma, Massachusetts, 02116. Link to Seniorlink Filing: 000164921316000002.
Analysis of Seniorlink Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering size. Seniorlink sold 100.00% of the offering. Could this mean that the trust in Seniorlink is high? The average offering size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 762.07% bigger than the average for companies in the Other Health Care sector. The minimum investment for this fundraising 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 Seniorlink Also
The Form D signed by Thomas Riley might help Seniorlink 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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