Dynamicare Health Financing
Dynamicare Health, Inc., Corporation just had published form D for $1.20 million debt financing. This is a new filing. Dynamicare Health was able to fundraise $150,000 so far. That is 12.50% of the round of financing. The total fundraising amount was $1.20 million. The financing document was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $1.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Dynamicare Health is based in Massachusetts. The filler’s business is Computers. The form D was signed by Eric Gastfriend CEO. The company was incorporated in 2016. The filler’s address is: 30 Orient Ave., Newton, Ma, Massachusetts, 02459. Eric Gastfriend is the related person in the form and it has address: 19 Trowbridge St., #4, Cambridge, Ma, Massachusetts, 02138. Link to Dynamicare Health Filing: 000169018316000001.
Analysis of Dynamicare Health Offering
On average, companies in the Computers sector, sell 85.30% of the total offering size. Dynamicare Health sold 12.50% of the offering. The fundraising is still open. The average offering amount for companies in the Computers industry is $130,000. The total amount raised is 15.38% bigger than the average for companies in the Computers sector. The minimum investment for this financing was set at $10000. 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 Dynamicare Health Also
The Form D signed by Eric Gastfriend might help Dynamicare Health, 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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