Reliefband Technologies Financing
Reliefband Technologies Llc, Limited Liability Company just filed form D for $8.00 million equity financing. This is a new filing. Reliefband Technologies Llc is expected to sell $8.00 million in this financing round. The total fundraising amount was $8.00 million. The financing form was filed on 2016-11-30. The reason for the financing was: unspecified. The fundraising still has about $8.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Reliefband Technologies is based in Pennsylvania. The company’s business is Other Health Care. The SEC form was signed by Nicholas U Spring Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 220 Gibraltar Road, Horsham, Pa, Pennsylvania, 19044. Nicholas U. Spring is the related person in the form and it has address: 220 Gibraltar Road, Horsham, Pa, Pennsylvania, 19044. Link to Reliefband Technologies Filing: 000165322816000003.
Analysis of Reliefband Technologies Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering size. Reliefband Technologies sold 0.00% of the offering. The financing is still open. The average investment size for companies in the Other Health Care industry is $1.16 million. The offering was 100.00% smaller than the average of $1.16 million. Of course this should not be interpreted as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this offering was set at $50000. 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 Reliefband Technologies Also
The Form D signed by Nicholas U Spring might help Reliefband 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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