Form D Alert: Leo Health $2.50 million Financing. Benjamin Siscovick Submitted Nov 10 form D

Technology Leo Health, Inc. - Benjamin Siscovick

Leo Health Financing

Leo Health, Inc., Corporation just submitted form D because of $2.50 million equity financing. This is a new filing. Leo Health was able to finance itself with $2.50 million. That is 100.00% of the financing offer. The total private financing amount was $2.50 million. The offering form was filed on 2016-11-10. The reason for the financing was: Excludes warrants to purchase up to 4,520 shares..

Leo Health is based in New York. The filler’s business is Other Technology. The form D was signed by Benjamin Siscovick President. The company was incorporated in 2014. The filler’s address is: 16 W. 22Nd St., 6Th Floor, New York, Ny, New York, 10010. Benjamin Siscovick is the related person in the form and it has address: C/O Leo Health, Inc., 16 W. 22Nd St., 6Th Floor, New York, Ny, New York, 10010. Link to Leo Health Filing: 000090571816001733.

Analysis of Leo Health Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Leo Health sold 100.00% of the offering. Could this mean that the trust in Leo Health is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 62.34% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering 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 Leo Health Also

The Form D signed by Benjamin Siscovick might help Leo Health, 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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