DRC Spvi LLC
DRC Spvi LLC is a venture capital fund based in Santa Monica, California. According to its most recent Form D, filed Mar 29, 2023, it has sold $7,500,001 of interests to 10 investors since its first sale in Mar 2021. 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 Peter Levin.
- Total raised
- $7,500,001Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Mar 25, 2021
- 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
- Peter Levin
- Latest Form D
- Mar 29, 2023
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 DRC Spvi LLC
What is the minimum investment for DRC Spvi LLC?
DRC Spvi LLC's latest Form D, filed Mar 29, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in DRC Spvi LLC?
DRC Spvi 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 DRC Spvi LLC raised?
DRC Spvi LLC reports $7,500,001 sold from 10 investors on its Form D filed Mar 29, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is DRC Spvi LLC based?
DRC Spvi LLC is based in Santa Monica, California.
When did DRC Spvi LLC launch?
DRC Spvi LLC reports its first sale in Mar 2021.
Size compared with every venture capital fund
Raised more than 71% of the 2,199 venture capital funds based in California, and more than 85% of all 14,768 that report sales.