Healthpals, Inc., Corporation just submitted form D about $1.90 million equity financing. This is a new filing. Healthpals was able to fundraise $1.90 million. That is 100.00% of the offering. The total fundraising amount was $1.90 million. The financing form was filed on 2016-11-22. The reason for the financing was: unspecified.
Healthpals is based in California. The company’s business is Other Technology. The SEC form was signed by Sushant Shankar Treasurer. The company was incorporated in 2015. The filler’s address is: 4083 24Th Street, Po Box 460098, San Francisco, Ca, California, 94114. Rajen Dalal is the related person in the form and it has address: 4083 24Th Street, Po Box 460098, San Francisco, Ca, California, 94114. Link to Healthpals Filing: 000169065516000001.
Analysis of Healthpals Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Healthpals sold 100.00% of the offering. Could this mean that the trust in Healthpals is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 23.38% 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 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 Healthpals Also
The Form D signed by Sushant Shankar might help Healthpals, 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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