Derive-Ventures I, LLC
Derive-Ventures I, LLC is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Sep 28, 2021, it has sold $4,145,000 of interests to 42 investors since its first sale in Sep 2021. 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 LLC Derive-Ventures Management Company.
- Total raised
- $4,145,000Cumulative sales reported on Form D
- Investors
- 42
- First sale
- Sep 1, 2021
- 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
- LLC Derive-Ventures Management Company
- Latest Form D
- Sep 28, 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 Derive-Ventures I, LLC
What is the minimum investment for Derive-Ventures I, LLC?
According to its latest Form D, filed Sep 28, 2021, the minimum investment Derive-Ventures I, LLC accepts from an outside investor is $5,000.
Who can invest in Derive-Ventures I, LLC?
Derive-Ventures I, 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 Derive-Ventures I, LLC raised?
Derive-Ventures I, LLC reports $4,145,000 sold from 42 investors on its Form D filed Sep 28, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Derive-Ventures I, LLC based?
Derive-Ventures I, LLC is based in San Francisco, California.
When did Derive-Ventures I, LLC launch?
Derive-Ventures I, LLC reports its first sale in Sep 2021.
Size compared with every venture capital fund
Raised more than 65% of the 2,224 venture capital funds based in California, and more than 80% of all 14,840 that report sales.