Materna Medical Financing
Materna Medical Inc, Corporation just submitted form D regarding $5.11 million equity financing. This is a new filing. Materna Medical was able to sell $4.60 million. That is 90.03% of the fundraising offer. The total fundraising amount was $5.11 million. The form was filed on 2016-12-01. The reason for the financing was: Total Offering Amount: $5,106,035.00Total Amount Sold: $4,596,792.11Total Remaining to be Sold: $509,242.89. The fundraising still has about $509,243 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Materna Medical is based in California. The firm’s business is Other Health Care. The form D was filed by Mark Juravic President and CEO. The company was incorporated more than five years ago. The filler’s address is: C/O Materna Medical, Inc., 2500 Grant Road, G01, Mountain View, Ca, California, 94040. Mark Juravic is the related person in the form and it has address: C/O Materna Medical, Inc., 2500 Grant Road, G01, Mountain View, Ca, California, 94040. Link to Materna Medical Filing: 000149815816000001.
Analysis of Materna Medical Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering amount. Materna Medical sold 90.03% of the offering. The fundraising is still open. Could this mean that the trust in Materna Medical is high? The average investment offering size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 296.28% bigger than the average for companies in the Other Health Care sector. The minimum investment for this fundraising was set at $1. 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 Materna Medical Also
The Form D signed by Mark Juravic might help Materna Medical 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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