BRC Innovation LP is a venture capital fund based in Boston, Massachusetts. According to its most recent Form D, filed Feb 27, 2018, it has sold $15,000,000 of interests to 3 investors since its first sale in Feb 2016. 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 Brain Robotics Capital LLC; Pei Qi.
- Total raised
- $15,000,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Feb 8, 2016
- 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
- Brain Robotics Capital LLC; Pei Qi
- Latest Form D
- Feb 27, 2018
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 BRC Innovation LP
What is the minimum investment for BRC Innovation LP?
BRC Innovation LP's latest Form D, filed Feb 27, 2018, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in BRC Innovation LP?
BRC Innovation LP 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 BRC Innovation LP raised?
BRC Innovation LP reports $15,000,000 sold from 3 investors on its Form D filed Feb 27, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is BRC Innovation LP based?
BRC Innovation LP is based in Boston, Massachusetts.
When did BRC Innovation LP launch?
BRC Innovation LP reports its first sale in Feb 2016.
Size compared with every venture capital fund
Raised more than 84% of the 530 venture capital funds based in Massachusetts, and more than 90% of all 14,840 that report sales.