BetterDoctor files for $9.88 million first close after raising 95%

betterdoctorBetterDoctor‘s first close reached $9.88 million. The company’s $10.44 million non-brokered equity issue was 95% sold to eleven investors. The first commitments were received a week ago. It appears to be the first time the company is filling a security offering under a registration exemption. The company has raised around $3.1 million via Seed and Series A financing rounds according to various articles.

BetterDoctor develops and markets a web and mobile application to help users locate doctors of their choice based on location, specialty and insurance plan. The application rates the doctors based on their education, experience, and network.

The company, headquartered in San Francisco CA, is led by Ari Tulla (President). BetterDoctor elected to keep its revenues undisclosed.
The board of directors includes Jaakko Kokko, Jean-francois Clavier, Mohamad Makhzoumi and Tapio Tolvanen.

Offering recap
Status: First close
Company: BetterDoctor
Industry: Other Technology
Amount offered: $10.44 million
Amount placed: $9.88 million
First sale: 06-20-2014
Data as of: 06-27-2014

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