Transmedics, Inc., Corporation just filed form D regarding $63.73 million equity financing. The date of first sale was 2016-05-12. Transmedics was able to sell $63.73 million. That is 100.00% of the financing round. The total financing amount was $63.73 million. The offering form was filed on 2016-07-11. The reason for the financing was: unspecified.
Transmedics is based in Massachusetts. The company’s business is Other Health Care. The form was filed by Stephen Gordon Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 200 Minuteman Road, Andover, Ma, Massachusetts, 01810. Waleed H. Hassanein is the related person in the form and it has address: 200 Minuteman Road, Andover, Ma, Massachusetts, 01810. Link to Transmedics Filing: 000109228716000004.
Analysis of Transmedics Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering size. Transmedics sold 100.00% of the offering. Could this mean that the trust in Transmedics is high? The average investment size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 5,393.94% 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 Transmedics Also
The Form D signed by Stephen Gordon might help Transmedics, 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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