Convergent Dental Financing
Convergent Dental, Inc., Corporation just released form D regarding $27.74 million equity financing. The date of first sale was 2014-03-13. Convergent Dental was able to fundraise $27.74 million. That is 100.00% of the financing round. The total fundraising amount was $27.74 million. The financing form was filed on 2016-10-13. The reason for the financing was: unspecified.
Convergent Dental is based in Massachusetts. The company’s business is Other Health Care. The D form was submitted by Mark Collins Chief Financial Officer. The company was incorporated in 2011. The filler’s address is: 2 Vision Drive, Natick, Ma, Massachusetts, 01760. Michael J. Cataldo is the related person in the form and it has address: C/O Convergent Dental, Inc., 2 Vision Drive, Natick, Ma, Massachusetts, 01760. Link to Convergent Dental Filing: 000153243716000002.
Analysis of Convergent Dental Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering amount. Convergent Dental sold 100.00% of the offering. Could this mean that the trust in Convergent Dental is high? The average offering amount for companies in the Other Health Care industry is $1.16 million. The total amount raised is 2,291.43% bigger than the average for companies in the Other Health Care sector. The minimum investment for this fundraising 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 Convergent Dental Also
The Form D signed by Mark Collins might help Convergent Dental, 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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