Newest Form D Filing: Palarum $3.40 million Financing. Chris Harsdorff Released Nov 7 SEC form

Health Care Palarum Llc - Chris Harsdorff

Palarum Financing

Palarum Llc, Limited Liability Company just submitted form D announcing $3.40 million equity and debt financing. This is a new filing. Palarum was able to finance itself with $100,000 so far. That is 2.94% of the offering. The total private financing amount was $3.40 million. The private financing document was filed on 2016-11-07. The reason for the financing was: Offering expires 12/31/2016 unless amended. The fundraising still has about $3.30 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Palarum is based in Texas. The firm’s business is Other Health Care. The form was submitted by Chris Harsdorff Director/Member. The company was incorporated in 2014. The filler’s address is: 55 Park Avenue, Suite 210, London, Oh, Ohio, 43140. Patrick Baker is the related person in the form and it has address: 2685 Kings Lane, Lebanon, Oh, Ohio, 45035. Link to Palarum Filing: 000168946916000003.

Analysis of Palarum Offering

On average, startups in the Other Health Care sector, sell 68.60% of the total offering amount. Palarum sold 2.94% of the offering. The financing is still open. The average investment size for companies in the Other Health Care industry is $1.16 million. The offering was 91.38% smaller than the average of $1.16 million. Of course this should not be seen as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this fundraising 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 Palarum Also

The Form D signed by Chris Harsdorff might help Palarum 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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