Third Eye Health Financing
Third Eye Health, Inc., Corporation just submitted form D because of $1.08 million equity financing. This is a new filing. Third Eye Health was able to sell $1.08 million. That is 100.00% of the round of financing. The total fundraising amount was $1.08 million. The private financing document was filed on 2016-11-16. The reason for the financing was: Proceeds will be used for working capital, which will include normal compensation to executive officers..
Third Eye Health is based in Illinois. The firm’s business is Other Health Care. The form was signed by Daniel Herbstman Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 3133 North Lakewood Avenue, Suite 4F, Chicago, Il, Illinois, 60657. Daniel Herbstman is the related person in the form and it has address: 3133 North Lakewood Avenue, Suite 4F, Chicago, Il, Illinois, 60657. Link to Third Eye Health Filing: 000163400516000005.
Analysis of Third Eye Health Offering
On average, companies in the Other Health Care sector, sell 68.60% of the total offering amount. Third Eye Health sold 100.00% of the offering. Could this mean that the trust in Third Eye Health is high? The average investment size for companies in the Other Health Care industry is $1.16 million. The offering was 6.89% smaller than the average of $1.16 million. Of course this should not be seen as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this fundraising is 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 Third Eye Health Also
The Form D signed by Daniel Herbstman might help Third Eye 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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