Form D Report: Medproctor $1.69 million Financing. Hallet Ogburn Released Nov 22 Form D

Health Care Medproctor, Llc - Hallet Ogburn

Medproctor Financing

Medproctor, Llc, Limited Liability Company just submitted form D because of $1.69 million equity financing. The date of first sale was 2015-08-30. Medproctor was able to finance itself with $840,000 so far. That is 49.70% of the financing offer. The total offering amount was $1.69 million. The financing document was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $850,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Medproctor is based in Tennessee. The filler’s business is Other Health Care. The SEC form was signed by Hallet Ogburn Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 2126 21St Ave South, Nashville, Tn, Tennessee, 37212. Hallet Ogburn is the related person in the form and it has address: 2126 21St Ave South, Nashville, Tn, Tennessee, 37212. Link to Medproctor Filing: 000161994216000005.

Analysis of Medproctor Offering

On average, companies in the Other Health Care sector, sell 68.60% of the total offering amount. Medproctor sold 49.70% of the offering. The fundraising is still open. The average financing size for companies in the Other Health Care industry is $1.16 million. The offering was 27.59% smaller than the average of $1.16 million. Of course this should not be taken as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this fundraising is set at $25000. 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 Medproctor Also

The Form D signed by Hallet Ogburn might help Medproctor, 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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