Mindchild Medical Financing
Mindchild Medical, Inc, Corporation just filed form D about $500,000 debt financing. This is a new filing. Mindchild Medical was able to fundraise $225,000 so far. That is 45.00% of the financing offer. The total fundraising amount was $500,000. The fundraising form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $275,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Mindchild Medical is based in Massachusetts. The firm’s business is Other Health Care. The form was submitted by James K Robertson Vice President, COO and Secretary. The company was incorporated more than five years ago. The filler’s address is: 1600 Osgood Street, Suite 2017, North Andover, Ma, Massachusetts, 01845. James K. Robertson is the related person in the form and it has address: C/O Mindchild Medical, Inc., 1600 Osgood Street, Suite 2017, North Andover, Ma, Massachusetts, 01845. Link to Mindchild Medical Filing: 000144889716000004.
Analysis of Mindchild Medical Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering amount. Mindchild Medical sold 45.00% of the offering. The fundraising is still open. The average investment size for companies in the Other Health Care industry is $1.16 million. The offering was 80.60% smaller than the average of $1.16 million. Of course this should not be interpreted as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this financing is set at $0. 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 Mindchild Medical Also
The Form D signed by James K Robertson might help Mindchild Medical, 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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