First close initiated by PlushCare after raising 3% of its $1.5 million target


plushcareOne investor bought $50,000 worth of mezzanine securities from PlushCare three weeks ago. According to the data disclosed, the company expects to raise a total of $1.5 million via this non-brokered financing. An additional $1.45 million in funding is to be raised until the offering draws to a close in May 2015. Unregistered securities don’t appear to have been previously sold by the company.

PlushCare markets a HIPAA compliant platform offering virtual doctor visits. Users can book a virtual visit online for $40 for the diagnosis and treatment of common ailments such as influenza, upper respiratory infection, strep throat, and sinus infection among others. The service is available in California for now.

Ryan Mcquaid (CEO) leads the San Francisco CA based company which was registered in 2013. PlushCare kept its revenues undisclosed.

Offering recap
Status: First close
Company: PlushCare
Industry: Hospitals and Physicians
Amount offered: $1.5 million
Amount placed: $50,000
First sale: 05-22-2014
Data as of: 06-10-2014

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