Raymed, Llc, Limited Liability Company just had published form D because of $750,000 debt financing. This is a new filing. Raymed was able to finance itself with $265,000 so far. That is 35.33% of the fundraising offer. The total fundraising amount was $750,000. The fundraising form was filed on 2016-10-10. The reason for the financing was: unspecified. The fundraising still has about $485,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Raymed is based in Alabama. The company’s business is Biotechnology. The form was filed by Rachel Wykes President and CEO. The company was incorporated in 2015. The filler’s address is: 257 S. Holyoke Street, Wichita, Ks, Kansas, 67218. Rachel M. Wykes is the related person in the form and it has address: 257 S. Holyoke Street, Wichita, Ks, Kansas, 67218. Link to Raymed Filing: 000168702116000001.
Analysis of Raymed Offering
On average, companies in the Biotechnology sector, sell 73.77% of the total offering size. Raymed sold 35.33% of the offering. The fundraising is still open. The average financing size for companies in the Biotechnology industry is $3.08 million. The offering was 91.40% smaller than the average of $3.08 million. Of course this should not be seen as negative. Businesses get financed for different reasons and needs. The minimum investment for this financing was set at $25000. 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 Raymed Also
The Form D signed by Rachel Wykes might help Raymed, 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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