Chasing Rainbows Fund I, LP is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Sep 13, 2024, it has sold $885,000 of interests to 19 investors. 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(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Chasing Rainbows Management Company, LLC; Patrick Driscoll; Chasing Rainbows Fund I GP, LLC.
- Total raised
- $885,000Cumulative sales reported on Form D
- Investors
- 19
- First sale
- —
- Minimum investment
- None set
- 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
- Chasing Rainbows Management Company, LLC; Patrick Driscoll; Chasing Rainbows Fund I GP, LLC
- Latest Form D
- Sep 13, 2024
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 Chasing Rainbows Fund I, LP
What is the minimum investment for Chasing Rainbows Fund I, LP?
Chasing Rainbows Fund I, LP's latest Form D, filed Sep 13, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Chasing Rainbows Fund I, LP?
Chasing Rainbows Fund I, 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Chasing Rainbows Fund I, LP raised?
Chasing Rainbows Fund I, LP reports $885,000 sold from 19 investors on its Form D filed Sep 13, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Chasing Rainbows Fund I, LP based?
Chasing Rainbows Fund I, LP is based in San Francisco, California.
Size compared with every venture capital fund
Raised more than 48% of the 2,227 venture capital funds based in California, and more than 58% of all 14,865 that report sales.