Cruzar Medsystems Financing
Cruzar Medsystems, Inc., Corporation just released form D because of $4.50 million equity financing. This is a new filing. Cruzar Medsystems was able to finance itself with $2.85 million so far. That is 63.33% of the financing round. The total private financing amount was $4.50 million. The form was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $1.65 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Cruzar Medsystems is based in Massachusetts. The filler’s business is Other Health Care. The D form was submitted by Michael J Glennon Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 50 Braintree Hill Park, Suite 301, Braintree, Ma, Massachusetts, 02184. Michael J. Glennon is the related person in the form and it has address: 50 Braintree Hill Park, Suite 301, Braintree, Ma, Massachusetts, 02184. Link to Cruzar Medsystems Filing: 000158761416000003.
Analysis of Cruzar Medsystems Offering
On average, companies in the Other Health Care sector, sell 68.60% of the total offering size. Cruzar Medsystems sold 63.33% of the offering. The fundraising is still open. The average financing size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 145.69% bigger than the average for companies in the Other Health Care sector. The minimum investment for this offering is 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 Cruzar Medsystems Also
The Form D signed by Michael J Glennon might help Cruzar Medsystems, 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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