Form D On Watch: Plushcare $8.05 million Fundraising. Ryan McQuaid Submitted Nov 4 SEC Filing

Plushcare, Inc. - Ryan McQuaid

Plushcare Financing

Plushcare, Inc., Corporation just submitted form D about $8.05 million equity financing. This is a new filing. Plushcare was able to sell $7.95 million. That is 98.82% of the fundraising offer. The total financing amount was $8.05 million. The financing document was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $95,001 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Plushcare is based in California. The company’s business is not disclosed. The form D was filed by Ryan McQuaid Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 650 5Th Street, Suite 502, San Francisco, Ca, California, 94107. James Wantuck is the related person in the form and it has address: C/O Plushcare, Inc., 650 5Th Street, Suite 502, San Francisco, Ca, California, 94107. Link to Plushcare Filing: 000161097316000001.

Analysis of Plushcare Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Plushcare sold 98.82% of the offering. The fundraising is still open. Could this mean that the trust in Plushcare is high? The average fundraising size for companies in all industries in our database is $3.05 million. The total amount raised is 160.80% bigger than the average for companies in the database. The minimum investment for this fundraising 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 Plushcare Also

The Form D signed by Ryan McQuaid might help Plushcare, 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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