Unified Practice Financing
Unified Practice, Inc., Corporation just had published form D for $600,000 debt financing. The date of first sale was 2015-05-01. Unified Practice was able to sell $230,000 so far. That is 38.33% of the offering. The total private financing amount was $600,000. The financing form was filed on 2016-11-25. The reason for the financing was: unspecified. The fundraising still has about $370,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Unified Practice is based in New York. The firm’s business is Other Technology. The SEC form was signed by Peter Ungureanu President. The company was incorporated in 2012. The filler’s address is: 230 Raff Avenue, Carle Place, Ny, New York, 11514. Kenan Levent Akbas is the related person in the form and it has address: 230 Raff Avenue, Carle Place, Ny, New York, 11514. Link to Unified Practice Filing: 000164515616000003.
Analysis of Unified Practice Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Unified Practice sold 38.33% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 85.06% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this fundraising is set at $5000. 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 Unified Practice Also
The Form D signed by Peter Ungureanu might help Unified Practice, 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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