Form D To Observe: Anagin $3.00 million Fundraising. Jaswant Gidda Submitted Jul 12 form D

Pharmaceuticals Anagin, Inc. - Jaswant Gidda

Anagin Financing

Anagin, Inc., Corporation just had published form D about $3.00 million equity financing. This is a new filing. Anagin was able to finance itself with $950,000 so far. That is 31.67% of the financing round. The total private offering amount was $3.00 million. This form was filed on 2016-07-12. The reason for the financing was: unspecified. The fundraising still has about $2.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Anagin is based in Indiana. The filler’s business is Pharmaceuticals. The form was submitted by Jaswant Gidda Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: Indiana Ctr For Biomedic. Innov. Noyes P, 5Th Floor, Ste E504, 1800 N Capitol Ave., Indianapolis, In, Indiana, 46202. Jaswant Gidda is the related person in the form and it has address: Indiana Ctr For Biomedic. Innov. Noyes P, 5Th Floor, Ste E504, 1800 N Capitol Ave., Indianapolis, In, Indiana, 46202. Link to Anagin Filing: 000167939916000001.

Analysis of Anagin Offering

On average, companies in the Pharmaceuticals sector, sell 60.90% of the total offering size. Anagin sold 31.67% of the offering. The financing is still open. The average fundraising size for companies in the Pharmaceuticals industry is $556,000. The total amount raised is 70.86% bigger than the average for companies in the Pharmaceuticals sector. The minimum investment for this financing 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 Anagin Also

The Form D signed by Jaswant Gidda might help Anagin, 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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