Betaworks Effervescence, LLC is a private investment fund based in New York, New York. According to its most recent Form D, filed Oct 7, 2021, it has sold $1,355,989 of interests to 13 investors since its first sale in Jun 2021. The minimum investment it accepts from an outside investor is $15,000. 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 LLC Assure Fund Management II; LLC Betaworks Ventures Management; Richard Thoms.
- Total raised
- $1,355,989Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Jun 9, 2021
- Minimum investment
- $15,000
- 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
- LLC Assure Fund Management II; LLC Betaworks Ventures Management; Richard Thoms
- Latest Form D
- Oct 7, 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 Betaworks Effervescence, LLC
What is the minimum investment for Betaworks Effervescence, LLC?
According to its latest Form D, filed Oct 7, 2021, the minimum investment Betaworks Effervescence, LLC accepts from an outside investor is $15,000.
Who can invest in Betaworks Effervescence, LLC?
Betaworks Effervescence, LLC 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 Betaworks Effervescence, LLC raised?
Betaworks Effervescence, LLC reports $1,355,989 sold from 13 investors on its Form D filed Oct 7, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Betaworks Effervescence, LLC based?
Betaworks Effervescence, LLC is based in New York, New York.
When did Betaworks Effervescence, LLC launch?
Betaworks Effervescence, LLC reports its first sale in Jun 2021.
Size compared with every private investment fund
Raised more than 30% of the 2,834 private investment funds based in New York, and more than 17% of all 10,287 that report sales.