Health Recovery Solutions Financing
Health Recovery Solutions, Inc., Corporation just had published form D about $5.00 million equity financing. This is a new filing. Health Recovery Solutions was able to fundraise $2.40 million so far. That is 48.00% of the round of financing. The total private financing amount was $5.00 million. The private financing document was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $2.60 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Health Recovery Solutions is based in New York. The firm’s business is Other Technology. The form D was signed by Rohan Udeshi Chief Operating Officer. The company was incorporated in 2012. The filler’s address is: 447 Broadway, Floor 2, New York, Ny, New York, 10013. Jarrett Bauer is the related person in the form and it has address: 447 Broadway, Floor 2, New York, Ny, New York, 10013. Link to Health Recovery Solutions Filing: 000156235716000003.
Analysis of Health Recovery Solutions Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Health Recovery Solutions sold 48.00% of the offering. The financing is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 55.84% bigger than the average for companies in the Other Technology 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 Health Recovery Solutions Also
The Form D signed by Rohan Udeshi might help Health Recovery Solutions, 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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