Idoc, Llc, Limited Liability Company just submitted form D for $1.82 million equity financing. This is a new filing. Idoc was able to fundraise $1.82 million. That is 100.00% of the round of financing. The total financing amount was $1.82 million. The financing document was filed on 2016-11-18. The reason for the financing was: unspecified.
Idoc is based in North Carolina. The filler’s business is Other Health Care. The D form was signed by William Quinton Maynard President and CEO. The company was incorporated more than five years ago. The filler’s address is: 383 Main Avenue, Suite 602, Norwalk, Ct, Connecticut, 06851. William Quinton Maynard is the related person in the form and it has address: C/O Investors Management Corporation, 801 N. West Street, Raleigh, Nc, North Carolina, 27603. Link to Idoc Filing: 000101532516000080.
Analysis of Idoc Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering size. Idoc sold 100.00% of the offering. Could this mean that the trust in Idoc is high? The average investment offering size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 56.64% bigger than the average for companies in the Other Health Care sector. The minimum investment for this financing 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 Idoc Also
The Form D signed by William Quinton Maynard might help Idoc, Llc’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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