Medici Technologies Financing
Medici Technologies, Llc, Limited Liability Company just submitted form D about $24.17 million equity financing. This is a new filing. Medici Technologies was able to fundraise $24.17 million. That is 100.00% of the financing offer. The total private offering amount was $24.17 million. The financing document was filed on 2016-11-23. The reason for the financing was: unspecified.
Medici Technologies is based in Alabama. The firm’s business is Hospitals and Physicians. The form was signed by Melissa D Kalka Esq., under Power of Attorney dated 11/10/16. The company was incorporated in 2016. The filler’s address is: C/O Weworks, 600 Congress Ave., Ste 1400, Austin, Tx, Texas, 78701. Clint Phillips is the related person in the form and it has address: 600 Congress Ave., Suite 1400, Austin, Tx, Texas, 78701. Link to Medici Technologies Filing: 000169001416000001.
Analysis of Medici Technologies Offering
On average, startups in the Hospitals and Physicians sector, sell 37.50% of the total offering size. Medici Technologies sold 100.00% of the offering. Could this mean that the trust in Medici Technologies is high? The average fundraising size for companies in the Hospitals and Physicians industry is $120,000. The total amount raised is 20,037.50% bigger than the average for companies in the Hospitals and Physicians sector. The minimum investment for this fundraising is set at $200000. 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 Medici Technologies Also
The Form D signed by Melissa D Kalka might help Medici Technologies, 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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