h2 wellness reports $3.1 million raised at first close

XDATA – October 22nd 2015
h2 wellness received two commitments for its $5 million financing round. Investors committed to buy 62% or $3.1 million worth of equity almost two weeks ago. $1.9 million in additional funding can be raised before October 2016 based on the placement’s structure. It appears to be the first time the company is filling a security offering under a registration exemption.
h2 wellness markets h2 connect Platform a modularized, scalable and secure digital health platform that connects behavioral science and individual data sets into a personalized health portal that drives individuals to their goals, while delivering on key business objectives. The platform also helps health and wellness brands provide their customers with attractive, innovative digital strategies in a cost-effective, timely manner, eliminating the risk of software development and ongoing maintenance.
The company, headquartered in Los Angeles CA, is led by Hooman Fakki (CEO). h2 wellness elected to keep its revenues undisclosed.
The executive team includes Houman Arasteh.
Offering recap
Status: First close
Company: h2 wellness
Industry: Other Health Care
Amount offered: $5 million
Amount placed: $3.1 million
SEC filing: Source
First sale: 10-09-2015
Data as of: 10-21-2015

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