Woven Orthopedic Technologies Financing
Woven Orthopedic Technologies, Llc, Limited Liability Company just filed form D because of $2.50 million debt financing. This is a new filing. Woven Orthopedic Technologies was able to sell $682,500 so far. That is 27.30% of the fundraising offer. The total offering amount was $2.50 million. The financing document was filed on 2016-07-11. The reason for the financing was: The total offering amount represents the maximum amount that may be raised.. The fundraising still has about $1.82 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Woven Orthopedic Technologies is based in Connecticut. The filler’s business is Other Health Care. The form D was filed by Ilana Odess Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 63 East Center Street, Manchester, Ct, Connecticut, 06040. Ilana Odess is the related person in the form and it has address: 63 East Center Street, Manchester, Ct, Connecticut, 06040. Link to Woven Orthopedic Technologies Filing: 000159451716000005.
Analysis of Woven Orthopedic Technologies Offering
On average, companies in the Other Health Care sector, sell 68.60% of the total offering amount. Woven Orthopedic Technologies sold 27.30% of the offering. The financing is still open. The average investment floor size for companies in the Other Health Care industry is $1.16 million. The offering was 41.16% smaller than the average of $1.16 million. Of course this should not be taken as negative. Firms get financed for different reasons and needs. The minimum investment for this financing was set at $12500. 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 Woven Orthopedic Technologies Also
The Form D signed by Ilana Odess might help Woven Orthopedic Technologies, 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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