Circadiance, Llc, Limited Liability Company just released form D announcing $800,000 debt financing. The date of first sale was 2015-06-18. Circadiance was able to finance itself with $765,000. That is 95.63% of the financing round. The total private offering amount was $800,000. The form was filed on 2016-07-11. The reason for the financing was: unspecified. The fundraising still has about $35,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Circadiance is based in Pennsylvania. The firm’s business is Other Health Care. The D form was submitted by DAVID G GROLL CEO AND MANAGER. The company was incorporated more than five years ago. The filler’s address is: 1300 Rodi Road, Turtle Creek, Pa, Pennsylvania, 15145. David G. Groll is the related person in the form and it has address: 1300 Rodi Road, Turtle Creek, Pa, Pennsylvania, 15145. Link to Circadiance Filing: 000164675116000002.
Analysis of Circadiance Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering size. Circadiance sold 95.63% of the offering. The financing is still open. Could this mean that the trust in Circadiance is high? The average investment floor size for companies in the Other Health Care industry is $1.16 million. The offering was 34.05% smaller than the average of $1.16 million. Of course this should not be interpreted as negative. Firms get financed for different needs and reasons. The minimum investment for this offering is set at $10000. 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 Circadiance Also
The Form D signed by DAVID G GROLL might help Circadiance, 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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