Topical Remedy Financing
Topical Remedy, Llc, Limited Liability Company just released form D about $4.25 million equity financing. The date of first sale was 2016-07-13. Topical Remedy was able to sell $759,870 so far. That is 17.88% of the financing offer. The total fundraising amount was $4.25 million. The fundraising form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $3.49 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Topical Remedy is based in California. The filler’s business is Pharmaceuticals. The D form was filed by Annie Robertson Attonrey in Fact for Issuer. The company was incorporated in 2012. The filler’s address is: 5285 Meadows Road, Suite 161, Lake Oswego, Or, Oregon, 97035. Brad Parrott is the related person in the form and it has address: 5285 Meadows Road, Suite 161, Lake Oswego, Or, Oregon, 97035. Link to Topical Remedy Filing: 000089659516000091.
Analysis of Topical Remedy Offering
On average, firms in the Pharmaceuticals sector, sell 60.90% of the total offering amount. Topical Remedy sold 17.88% of the offering. The fundraising is still open. The average fundraising size for companies in the Pharmaceuticals industry is $556,000. The total amount raised is 36.67% bigger than the average for companies in the Pharmaceuticals sector. The minimum investment for this fundraising was 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 Topical Remedy Also
The Form D signed by Annie Robertson might help Topical Remedy, 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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