Derive Ventures II, LLC
Derive Ventures II, LLC is a venture capital fund organized in Delaware, United States and advised by Derive Ventures. Its adviser reported $5,600,000 in gross assets for the fund on Form ADV, filed Mar 27, 2024. It reported 50 beneficial owners. 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.
- Gross assets
- $5,600,000As reported on Form ADV
- Beneficial owners
- 50
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 owners
- Fund type
- Venture capital fund
- Domicile
- Delaware, United States
- Administrator
- DBA Carta, Inc.
- Adviser
- Derive Ventures · SAN Francisco, CA · CRD 326349
- Reported on
- Mar 27, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Derive Ventures II, LLC
What is the minimum investment for Derive Ventures II, LLC?
Its adviser's Form ADV, filed Mar 27, 2024, does not set a minimum investment for Derive Ventures II, LLC. The offering documents may still require one.
Who can invest in Derive Ventures II, LLC?
Derive Ventures II, 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).
How large is Derive Ventures II, LLC?
Its adviser reported $5,600,000 in gross assets on Form ADV filed Mar 27, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages Derive Ventures II, LLC?
Derive Ventures II, LLC is advised by Derive Ventures, based in SAN Francisco, CA.
Who are Derive Ventures II, LLC's service providers?
Its Form ADV lists DBA Carta, Inc. as administrator.