Most Cardio $5.00 million Financing. Pavel Menn Released Sep 12 SEC Filing

September 13, 2017 - By reb123z

Most Cardio Financing

Most Cardio Llc, Limited Liability Company just had published form D because of $5.00 million equity financing. This is a new filing. Most Cardio was able to fundraise $600,000 so far. That is 12.00 % of the round of financing. The total financing amount was $5.00 million. This form was filed on 2017-09-12. The reason for the financing was: The proceeds of the offering will be used to fund development of the Company’s products and technologies, and to provide general working capital for the Company, which may include payment of salaries to officers in the ordinary course of business.. The fundraising still has about $4.40 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Most Cardio is based in Massachusetts. The filler’s business is Biotechnology. The form was submitted by Pavel Menn President, CEO & Manager. The company was incorporated in 2017. The filler’s address is: 121 Loring Avenue, Suite 410, Salem, Ma, Massachusetts, 01970. Pavel Menn is the related person in the form and it has address: 121 Loring Avenue, Suite 410, Salem, Ma, Massachusetts, 01970. Link to Most Cardio Filing: 000171693017000001.

Analysis of Most Cardio Offering

On average, startups in the Biotechnology sector, sell 73.77 % of the total offering size. Most Cardio sold 12.00 % of the offering. The fundraising is still open. The average fundraising size for companies in the Biotechnology industry is $3.08 million. The offering was 80.52 % smaller than the average of $3.08 million. Of course this should not be interpreted as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this financing was 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 Most Cardio Also

The Form D signed by Pavel Menn might help Most Cardio 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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