An inventory management software company has raised $1.5 million from three investors, according to a filing with the Securities and Exchange Commission.
Hybrent Inc. filed the Form D on March 8. The first sale occurred on March 6. The offering is not being made in connection with a business combination transaction, and is not expected to last more than one year. The minimum investment accepted from any outside investors was $250,000.
The company develops technology that aims to improve clinical and operational efficiency of health care facilities, specifically in supply chains. Hybrent’s application assists in ordering and searching distributors and manufacturers for optimal price and availability.
It serves surgery centers, physician centers, hospitals/health systems and specialty centers.
Chief Executive Officer Kenneth Tighe signed the Form D on March 8, which can be found here.
Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
