Medpod Inc., Corporation just submitted form D about $600,000 debt financing. This is a new filing. Medpod was able to sell $600,000. That is 100.00% of the offering. The total private financing amount was $600,000. The form was filed on 2016-11-16. The reason for the financing was: unspecified.
Medpod is based in New York. The firm’s business is Other Health Care. The form D was signed by Jack Tawil President. The company was incorporated in 2013. The filler’s address is: 1460 Broadway, New York, Ny, New York, 10036. Jack Tawil is the related person in the form and it has address: 1460 Broadway, New York, Ny, New York, 10036. Link to Medpod Filing: 000114420416135637.
Analysis of Medpod Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering amount. Medpod sold 100.00% of the offering. Could this mean that the trust in Medpod is high? The average financing size for companies in the Other Health Care industry is $1.16 million. The offering was 48.28% smaller than the average of $1.16 million. Of course this should not be interpreted as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this offering was set at $1. 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 Medpod Also
The Form D signed by Jack Tawil might help Medpod 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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