Today’s Form D Alert: Gestvision $12.11 million Fundraising. Wendy L Davis Filed Nov 22 D Form

Biotechnology Gestvision, Inc. - Wendy L Davis

Gestvision Financing

Gestvision, Inc., Corporation just had published form D announcing $12.11 million equity financing. This is a new filing. Gestvision was able to finance itself with $2.11 million so far. That is 17.40% of the financing offer. The total private offering amount was $12.11 million. The financing form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $10.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Gestvision is based in Connecticut. The company’s business is Biotechnology. The D form was signed by Wendy L Davis President. The company was incorporated in 2014. The filler’s address is: Cure Innovations Commons, 93 Shennecossett Road, Groton, Ct, Connecticut, 06340. Wendy L. Davis is the related person in the form and it has address: Cure Innovation Commons, 93 Shennecossett Road, Groton, Ct, Connecticut, 06340. Link to Gestvision Filing: 000165776216000001.

Analysis of Gestvision Offering

On average, companies in the Biotechnology sector, sell 73.77% of the total offering size. Gestvision sold 17.40% of the offering. The fundraising is still open. The average fundraising amount for companies in the Biotechnology industry is $3.08 million. The offering was 31.61% smaller than the average of $3.08 million. Of course this should not be taken as negative. Companies 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 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 Gestvision Also

The Form D signed by Wendy L Davis might help Gestvision, 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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