Project Healthy Living Financing
Project Healthy Living, Inc., Corporation just submitted form D because of $50.34 million equity financing. This is a new filing. Project Healthy Living was able to sell $40.34 million. That is 80.14% of the round of financing. The total financing amount was $50.34 million. The financing form was filed on 2016-07-11. The reason for the financing was: unspecified. The fundraising still has about $10.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Project Healthy Living is based in New York. The company’s business is Business Services. The SEC form was filed by Lawrence Waldman President. The company was incorporated in 2012. The filler’s address is: 33 West 17Th Street, 6Th Floor, New York, Ny, New York, 10011. Constantin Bisanz is the related person in the form and it has address: C/O Project Healthy Living, Inc., 33 West 17Th St., 6Th Floor, New York, Ny, New York, 10011. Link to Project Healthy Living Filing: 000164148616000002.
Analysis of Project Healthy Living Offering
On average, startups in the Business Services sector, sell 69.04% of the total offering size. Project Healthy Living sold 80.14% of the offering. The financing is still open. Could this mean that the trust in Project Healthy Living is high? The average investment size for companies in the Business Services industry is $583,000. The total amount raised is 6,819.90% bigger than the average for companies in the Business Services sector. The minimum investment for this financing was 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 Project Healthy Living Also
The Form D signed by Lawrence Waldman might help Project Healthy Living, 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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