BSV Fund IX LLC is a venture capital fund based in Dallas, Texas. According to its most recent Form D, filed Dec 5, 2022, it has sold $10,127,000 of interests to 153 investors since its first sale in May 2022. The minimum investment it accepts from an outside investor is $5,000. 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 Sammy Abdullah; Kevin Vela.
- Total raised
- $10,127,000Cumulative sales reported on Form D
- Investors
- 153
- First sale
- May 21, 2022
- Minimum investment
- $5,000
- 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
- Sammy Abdullah; Kevin Vela
- Latest Form D
- Dec 5, 2022
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 BSV Fund IX LLC
What is the minimum investment for BSV Fund IX LLC?
According to its latest Form D, filed Dec 5, 2022, the minimum investment BSV Fund IX LLC accepts from an outside investor is $5,000.
Who can invest in BSV Fund IX LLC?
BSV Fund IX 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 BSV Fund IX LLC raised?
BSV Fund IX LLC reports $10,127,000 sold from 153 investors on its Form D filed Dec 5, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is BSV Fund IX LLC based?
BSV Fund IX LLC is based in Dallas, Texas.
When did BSV Fund IX LLC launch?
BSV Fund IX LLC reports its first sale in May 2022.
Size compared with every venture capital fund
Raised more than 83% of the 489 venture capital funds based in Texas, and more than 88% of all 14,829 that report sales.