Form D Watching: Carecloud CorporationDe $25.00 million Fundraising. Scott Lentz Released Nov 15 form

Technology Carecloud Corporation/De - Scott Lentz

Carecloud Corporation/De Financing

Carecloud Corporation/De, Corporation just had published form D for $25.00 million equity financing. The date of first sale was 2016-04-19. Carecloud Corporation/De was able to sell $15.68 million so far. That is 62.73% of the round of financing. The total financing amount was $25.00 million. The financing document was filed on 2016-11-15. The reason for the financing was: $3,011,506.78 of the Total Amount Sold includes principal and interest due on certain Unsecured Subordinated Convertible Promissory Notes that converted into equity of the Issuer.. The fundraising still has about $9.32 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Carecloud Corporation/De is based in California. The firm’s business is Other Technology. The form D was signed by Scott Lentz Chief Financial Officer. The company was incorporated in 2011. The filler’s address is: 5200 Blue Lagoon Drive, Suite 900, Miami, Fl, Florida, 33126. Ken Comee is the related person in the form and it has address: 5200 Blue Lagoon Drive, Suite 900, Miami, Fl, Florida, 33126. Link to Carecloud Corporation/De Filing: 000153148116000004.

Analysis of Carecloud Corporation/De Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Carecloud Corporation/De sold 62.73% of the offering. The financing is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 918.30% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is 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 Carecloud Corporation/De Also

The Form D signed by Scott Lentz might help Carecloud Corporation/De’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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