Fitscript $1.50 million Financing. Charles OConnell Released May 16 D form

May 16, 2018 - By Gary Horn

Fitscript Financing

Fitscript Llc, Limited Liability Company just had published form D about $1.50 million equity financing. This is a new filing. Fitscript was able to fundraise $1.50 million. That is 100.00 % of the financing round. The total fundraising amount was $1.50 million. The private financing document was filed on 2018-05-16. The reason for the financing was: unspecified.

Fitscript is based in Connecticut. The firm’s business is Other Health Care. The form was submitted by Charles OConnell Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 5 Science Park, New Haven, Ct, Connecticut, 06511. Charles O’connell is the related person in the form and it has address: 5 Science Park, New Haven, Ct, Connecticut, 06511. Link to Fitscript Filing: 000174089318000001.

Analysis of Fitscript Offering

On average, startups in the Other Health Care sector, sell 68.60 % of the total offering amount. Fitscript sold 100.00 % of the offering. Could this mean that the trust in Fitscript is high? The average investment floor size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 29.31 % bigger than the average for companies in the Other Health Care 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 Fitscript Also

The Form D signed by Charles OConnell might help Fitscript 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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