CanPal LLC is a venture capital fund based in New York. According to its most recent Form D, filed Sep 23, 2019, it has sold $5,000,000 of interests to 9 investors since its first sale in Aug 2019. 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 Elodie Dupuy; Eric Tonkyn; Jessica Davis.
- Total raised
- $5,000,000Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Aug 26, 2019
- 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
- Elodie Dupuy; Eric Tonkyn; Jessica Davis
- Latest Form D
- Sep 23, 2019
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 CanPal LLC
What is the minimum investment for CanPal LLC?
CanPal LLC's latest Form D, filed Sep 23, 2019, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in CanPal LLC?
CanPal 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 CanPal LLC raised?
CanPal LLC reports $5,000,000 sold from 9 investors on its Form D filed Sep 23, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is CanPal LLC based?
CanPal LLC is based in New York.
When did CanPal LLC launch?
CanPal LLC reports its first sale in Aug 2019.