Blume Ventures GIFT Trust IV is a venture capital fund based in Gandhinagar, India. According to its most recent Form D, filed Dec 29, 2021, it has sold $11,550,000 of interests to 11 investors since its first sale in Dec 2021. The minimum investment it accepts from an outside investor is $150,000. 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 Ravindra Marathe; Catalyst Trusteeship Limited; Raghavendra Kulkarni.
- Total raised
- $11,550,000Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Dec 15, 2021
- Minimum investment
- $150,000
- 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
- Ravindra Marathe; Catalyst Trusteeship Limited; Raghavendra Kulkarni
- Latest Form D
- Dec 29, 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 Blume Ventures GIFT Trust IV
What is the minimum investment for Blume Ventures GIFT Trust IV?
According to its latest Form D, filed Dec 29, 2021, the minimum investment Blume Ventures GIFT Trust IV accepts from an outside investor is $150,000.
Who can invest in Blume Ventures GIFT Trust IV?
Blume Ventures GIFT Trust IV 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 Blume Ventures GIFT Trust IV raised?
Blume Ventures GIFT Trust IV reports $11,550,000 sold from 11 investors on its Form D filed Dec 29, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Blume Ventures GIFT Trust IV based?
Blume Ventures GIFT Trust IV is based in Gandhinagar, India.
When did Blume Ventures GIFT Trust IV launch?
Blume Ventures GIFT Trust IV reports its first sale in Dec 2021.
Size compared with every venture capital fund
Raised more than 71% of the 42 venture capital funds based in India, and more than 89% of all 14,829 that report sales.