Avid Ventures Fund I, L.P. is a venture capital fund based in New York, New York. According to its most recent Form D, filed Mar 1, 2021, it has sold $72,000,000 of interests to 79 investors since its first sale in Feb 2020. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Avid Ventures GP, LLC; Avid Ventures Management, LLC; Adrienne Lerner.
- Total raised
- $72,000,000Cumulative sales reported on Form D
- Investors
- 79
- First sale
- Feb 12, 2020
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Avid Ventures GP, LLC; Avid Ventures Management, LLC; Adrienne Lerner
- Latest Form D
- Mar 1, 2021
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Avid Ventures Fund I, L.P.
What is the minimum investment for Avid Ventures Fund I, L.P.?
Avid Ventures Fund I, L.P.'s latest Form D, filed Mar 1, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Avid Ventures Fund I, L.P.?
Avid Ventures Fund I, L.P. is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Avid Ventures Fund I, L.P. raised?
Avid Ventures Fund I, L.P. reports $72,000,000 sold from 79 investors on its Form D filed Mar 1, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Avid Ventures Fund I, L.P. based?
Avid Ventures Fund I, L.P. is based in New York, New York.
When did Avid Ventures Fund I, L.P. launch?
Avid Ventures Fund I, L.P. reports its first sale in Feb 2020.
Size compared with every venture capital fund
Raised more than 94% of the 1,235 venture capital funds based in New York, and more than 97% of all 14,829 that report sales.