Important Form D Filing: Gestvision $17.11 million Financing. Wendy L Davis Submitted Nov 30 SEC form

Biotechnology Gestvision, Inc. - Wendy L Davis

Gestvision Financing

Gestvision, Inc., Corporation just submitted form D because of $17.11 million equity financing. The date of first sale was 2015-11-06. Gestvision was able to fundraise $7.11 million so far. That is 41.54% of the financing offer. The total fundraising amount was $17.11 million. The offering form was filed on 2016-11-30. 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 firm’s business is Biotechnology. The form D was submitted by Wendy L Davis President. The company was incorporated in 2014. The filler’s address is: Cure Innovation 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: 000165776216000003.

Analysis of Gestvision Offering

On average, startups in the Biotechnology sector, sell 73.77% of the total offering amount. Gestvision sold 41.54% of the offering. The fundraising is still open. The average investment size for companies in the Biotechnology industry is $3.08 million. The total amount raised is 130.72% bigger than the average for companies in the Biotechnology sector. The minimum investment for this offering 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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