Melody Health Insurance Financing
Melody Health Insurance, Inc., Corporation just had published form D regarding $2.00 million debt financing. This is a new filing. Melody Health Insurance was able to sell $655,000 so far. That is 32.75% of the financing offer. The total financing amount was $2.00 million. The form was filed on 2016-11-08. The reason for the financing was: unspecified. The fundraising still has about $1.35 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Melody Health Insurance is based in Colorado. The company’s business is Health Insurance. The D form was filed by Salvatore Gentile President. The company was incorporated in 2015. The filler’s address is: 600 17Th Street, Suite 610S, Denver, Co, Colorado, 80202. Salvatore Gentile is the related person in the form and it has address: 600 17Th Street, Suite 610S, Denver, Co, Colorado, 80202. Link to Melody Health Insurance Filing: 000166020916000003.
Analysis of Melody Health Insurance Offering
On average, companies in the Health Insurance sector, sell 87.80% of the total offering amount. Melody Health Insurance sold 32.75% of the offering. The financing is still open. The average investment floor size for companies in the Health Insurance industry is $617,000. The total amount raised is 6.16% bigger than the average for companies in the Health Insurance sector. The minimum investment for this fundraising 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 Melody Health Insurance Also
The Form D signed by Salvatore Gentile might help Melody Health Insurance, 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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