Form D SEC Filing: Melody Health Insurance $1.00 million Fundraising. Salvatore Gentile Released Nov 15 Form D

Health Insurance Melody Health Insurance, Inc. - Salvatore Gentile

Melody Health Insurance Financing

Melody Health Insurance, Inc., Corporation just released form D regarding $1.00 million debt financing. This is a new filing. Melody Health Insurance was able to fundraise $1.00 million. That is 100.00% of the financing offer. The total financing amount was $1.00 million. The fundraising form was filed on 2016-11-15. The reason for the financing was: unspecified.

Melody Health Insurance is based in Colorado. The company’s business is Health Insurance. The form was submitted by Salvatore Gentile Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 600 17Th Street, Suite 610S, Denver, Co, Colorado, 80202. Salvatore Gentile is the related person in the form and it has address: 600 17Th Street, Suite 610S, Denver, Co, Colorado, 80202. Link to Melody Health Insurance Filing: 000166020916000004.

Analysis of Melody Health Insurance Offering

On average, companies in the Health Insurance sector, sell 87.80% of the total offering amount. Melody Health Insurance sold 100.00% of the offering. Could this mean that the trust in Melody Health Insurance is high? The average offering amount for companies in the Health Insurance industry is $617,000. The total amount raised is 62.07% bigger than the average for companies in the Health Insurance sector. The minimum investment for this financing 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 Melody Health Insurance Also

The Form D signed by Salvatore Gentile might help Melody Health Insurance, 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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