Intuity Medical Financing
Intuity Medical, Inc., Corporation just had published form D for $40.00 million equity financing. This is a new filing. Intuity Medical was able to fundraise $40.00 million. That is 100.00% of the financing offer. The total fundraising amount was $40.00 million. The form was filed on 2016-11-01. The reason for the financing was: unspecified.
Intuity Medical is based in California. The firm’s business is Other Health Care. The form was submitted by Emory V Anderson PRESIDENT AND CHIEF EXECUTIVE OFFICER. The company was incorporated more than five years ago. The filler’s address is: 526 Almanor Avenue, Sunnyvale, Ca, California, 94085. Emory V. Anderson is the related person in the form and it has address: C/O Intuity Medical, Inc., 526 Almanor Avenue, Sunnyvale, Ca, California, 94085. Link to Intuity Medical Filing: 000148407416000003.
Analysis of Intuity Medical Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering size. Intuity Medical sold 100.00% of the offering. Could this mean that the trust in Intuity Medical is high? The average investment size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 3,348.28% bigger than the average for companies in the Other Health Care sector. The minimum investment for this financing 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 Intuity Medical Also
The Form D signed by Emory V Anderson might help Intuity Medical, 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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