Stroke Project Financing
Stroke Project, Inc., Corporation just released form D for $2.80 million equity financing. The date of first sale was 2016-11-18. Stroke Project was able to finance itself with $2.65 million. That is 94.64% of the offering. The total private offering amount was $2.80 million. The form was filed on 2016-12-01. The reason for the financing was: unspecified. The fundraising still has about $150,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Stroke Project is based in California. The firm’s business is Other Health Care. The D form was signed by Geoffrey P Leonard Secretary. The company was incorporated in 2015. The filler’s address is: 1221 Innsbruck Drive, Sunnyvale, Ca, California, 94089. Farhad Khosravi is the related person in the form and it has address: 1221 Innsbruck Drive, Sunnyvale, Ca, California, 94089. Link to Stroke Project Filing: 000166896216000002.
Analysis of Stroke Project Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering size. Stroke Project sold 94.64% of the offering. The financing is still open. Could this mean that the trust in Stroke Project is high? The average offering amount for companies in the Other Health Care industry is $1.16 million. The total amount raised is 128.45% bigger than the average for companies in the Other Health Care sector. The minimum investment for this fundraising is set at $0. 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 Stroke Project Also
The Form D signed by Geoffrey P Leonard might help Stroke Project, 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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