Edaris Health Financing
Edaris Health, Inc., Corporation just filed form D because of $1.20 million equity financing. This is a new filing. Edaris Health was able to fundraise $753,146 so far. That is 62.76% of the financing offer. The total private financing amount was $1.20 million. The offering form was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $446,854 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Edaris Health is based in Massachusetts. The firm’s business is not disclosed. The form D was submitted by Kenneth L Wolfe President. The company was incorporated more than five years ago. The filler’s address is: 200 West Street, 4Th Floor, Waltham, Ma, Massachusetts, 02451. Kenneth L. Wolfe is the related person in the form and it has address: C/O Edaris Health, Inc., 200 West Street, 4Th Floor, Waltham, Ma, Massachusetts, 02451. Link to Edaris Health Filing: 000140453916000004.
Analysis of Edaris Health Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Edaris Health sold 62.76% of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 75.31% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses get financed for different reasons and needs. The minimum investment for this offering 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 Edaris Health Also
The Form D signed by Kenneth L Wolfe might help Edaris 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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