Iora Health Financing
Iora Health, Inc., Corporation just released form D for $74.99 million equity financing. This is a new filing. Iora Health was able to finance itself with $74.99 million. That is 100.00% of the round of financing. The total financing amount was $74.99 million. The financing document was filed on 2016-10-13. The reason for the financing was: unspecified.
Iora Health is based in Massachusetts. The firm’s business is Other Health Care. The form D was submitted by RUSHIKA FERNANDOPULLE CHIEF EXECUTIVE OFFICER. The company was incorporated in 2011. The filler’s address is: 101 Tremont Street, 6Th Floor, Boston, Ma, Massachusetts, 02108. Rushika Fernandopulle is the related person in the form and it has address: C/O Iora Health, Inc., 101 Tremont Street, 6Th Floor, Boston, Ma, Massachusetts, 02108. Link to Iora Health Filing: 000153275816000005.
Analysis of Iora Health Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering size. Iora Health sold 100.00% of the offering. Could this mean that the trust in Iora Health is high? The average offering size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 6,364.98% 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 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 Iora Health Also
The Form D signed by RUSHIKA FERNANDOPULLE might help Iora 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.