Remote Medicine Financing
Remote Medicine Inc, Corporation just filed form D regarding $5.00 million debt financing. This is a new filing. Remote Medicine Inc is expected to fundraise $5.00 million in this offering. The total offering amount was $5.00 million. The form was filed on 2016-11-09. The reason for the financing was: unspecified. The fundraising still has about $5.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Remote Medicine is based in Washington. The company’s business is not disclosed. The form was signed by Gregory Clark Chief Operating Officer. The company was incorporated more than five years ago. The filler’s address is: 4259 23Rd Avenue West, Suite 200, Seattle, Wa, Washington, 98199. Wayne Wager is the related person in the form and it has address: C/O Remote Medicine Inc., 4259 23Rd Avenue West, Suite 100, Seattle, Wa, Washington, 98199. Link to Remote Medicine Filing: 000150832016000003.
Analysis of Remote Medicine Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Remote Medicine sold 0.00% of the offering. The fundraising is still open. The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 100.00% smaller than the average of $3.05 million. Of course this should not be seen as negative. Companies raise funds for different needs and reasons. The minimum investment for this offering is 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 Remote Medicine Also
The Form D signed by Gregory Clark might help Remote Medicine 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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