Carepredict, Inc., Corporation just released form D for $3.00 million equity financing. The date of first sale was 2016-03-10. Carepredict was able to fundraise $2.48 million. That is 82.73% of the fundraising. The total offering amount was $3.00 million. The private financing document was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $518,208 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Carepredict is based in Florida. The company’s business is Other Technology. The form was filed by Satish Movva President and Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 324 S. University Drive, Plantation, Fl, Florida, 33324. Satish Movva is the related person in the form and it has address: 324 S. University Drive, Plantation, Fl, Florida, 33324. Link to Carepredict Filing: 000164175316000004.
Analysis of Carepredict Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Carepredict sold 82.73% of the offering. The financing is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 61.16% 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 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 Carepredict Also
The Form D signed by Satish Movva might help Carepredict, 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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