Supramed disclosed its mezzanine placement was 50% completed


Change: offered +0% / raised +50% / placed 50%

supramedAccording to the information disclosed by SupraMed, subscription to its $750,000 mezzanine issuance increased by 50%. An additional $125,000 worth of securities was placed by the company with two investors since the company last released data a month and a half ago. This brings to $375,000 the amount raised from the ten backers who subscribed to the offering. The subscription will close either once the offering is sold in full or in almost six months, whichever one comes first.

The company is developing a Health Insurance Portability and Accountability Act (HIPAA) compliant software as a service (SaaS) “access anywhere” application (app) for surgeons’ medical practice and electronic health record (EHR) management needs. The app is in development, the practice management app is expected to launch in Q1 2014 and the EHR app will roll out in Q3 along with a product combining both services. Monthly subscription to the service ranges from $249 to $399 for the complete suite.

Raluan G Soltero (President) leads the San Diego CA based company which was registered in 2013. SupraMed kept its revenues undisclosed.
The executive team includes Robert B Pollack.

The company has raised an estimated total of $1.13 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: SupraMed
Industry: Other Technology
Amount offered: $750,000
Amount placed: $375,000
First sale: 09-06-2013
Data as of: 03-13-2014

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