Biscayne 23, LLC is a venture capital fund based in Dover, Delaware. According to its most recent Form D, filed Dec 17, 2021, it has sold $3,106,575 of interests to 42 investors since its first sale in Jun 2021. The minimum investment it accepts from an outside investor is $10,200. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Biscayne 23 Managing Member, LLC; Razzy Ghomeshi.
- Total raised
- $3,106,575Cumulative sales reported on Form D
- Investors
- 42
- First sale
- Jun 29, 2021
- Minimum investment
- $10,200
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Biscayne 23 Managing Member, LLC; Razzy Ghomeshi
- Latest Form D
- Dec 17, 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 Biscayne 23, LLC
What is the minimum investment for Biscayne 23, LLC?
According to its latest Form D, filed Dec 17, 2021, the minimum investment Biscayne 23, LLC accepts from an outside investor is $10,200.
Who can invest in Biscayne 23, LLC?
Biscayne 23, 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Biscayne 23, LLC raised?
Biscayne 23, LLC reports $3,106,575 sold from 42 investors on its Form D filed Dec 17, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Biscayne 23, LLC based?
Biscayne 23, LLC is based in Dover, Delaware.
When did Biscayne 23, LLC launch?
Biscayne 23, LLC reports its first sale in Jun 2021.
Size compared with every venture capital fund
Raised more than 89% of the 4,672 venture capital funds based in Delaware, and more than 77% of all 14,768 that report sales.