Maestro Health Financing
Maestro Health, Inc., Corporation just submitted form D for $59.04 million equity financing. The date of first sale was 2014-04-02. Maestro Health was able to finance itself with $59.04 million. That is 100.00% of the offering. The total private financing amount was $59.04 million. The financing form was filed on 2016-10-11. The reason for the financing was: unspecified.
Maestro Health is based in Illinois. The company’s business is Other Health Care. The D form was signed by Ryan Johnson Chief Financial Officer. The company was incorporated in 2013. The filler’s address is: 500 W. Madison Street, Suite 1250, Chicago, Il, Illinois, 60661. Squire R. Butler is the related person in the form and it has address: C/O 500 W. Madison Street, Suite 1250, Chicago, Il, Illinois, 60661. Link to Maestro Health Filing: 000160551716000006.
Analysis of Maestro Health Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering amount. Maestro Health sold 100.00% of the offering. Could this mean that the trust in Maestro Health is high? The average offering size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 4,989.36% bigger than the average for companies in the Other Health Care sector. The minimum investment for this financing is set at $0. 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 Maestro Health Also
The Form D signed by Ryan Johnson might help Maestro Health, 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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