Form D of The Day: Medminder Systems $1.35 million Fundraising. Eran Shavelsky Submitted Nov 2 Form D

Health Care Medminder Systems, Inc. - Eran Shavelsky

Medminder Systems Financing

Medminder Systems, Inc., Corporation just had published form D for $1.35 million equity financing. The date of first sale was 2016-08-02. Medminder Systems was able to sell $1.35 million. That is 100.00% of the round of financing. The total private financing amount was $1.35 million. The financing form was filed on 2016-11-02. The reason for the financing was: unspecified.

Medminder Systems is based in Massachusetts. The filler’s business is Other Health Care. The SEC form was filed by Eran Shavelsky CEO. The company was incorporated more than five years ago. The filler’s address is: 30 Wexford Street, Needham, Ma, Massachusetts, 02494. Eran Shavelsky is the related person in the form and it has address: 30 Wexford Street, Needham, Ma, Massachusetts, 02494. Link to Medminder Systems Filing: 000148881416000002.

Analysis of Medminder Systems Offering

On average, companies in the Other Health Care sector, sell 68.60% of the total offering size. Medminder Systems sold 100.00% of the offering. Could this mean that the trust in Medminder Systems is high? The average investment floor size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 16.38% bigger than the average for companies in the Other Health Care sector. The minimum investment for this offering was set at $0. 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 Medminder Systems Also

The Form D signed by Eran Shavelsky might help Medminder Systems, 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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