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ECHO Venture Fund III LLC

Philadelphia, PA · CIK 1931795 · Sponsor: ECHO Finance LLC
Status: no Form D since Jun 2022. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

ECHO Venture Fund III LLC is a private investment fund based in Philadelphia, Pennsylvania. According to its most recent Form D, filed Jun 13, 2022, it has sold $7,505,000 of interests to 10 investors since its first sale in May 2022. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include ECHO Finance LLC; Eric Hirshberg; Patrick Miller.

Total raised
$7,505,000Cumulative sales reported on Form D
Investors
10
First sale
May 12, 2022
Minimum investment
$50,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
ECHO Finance LLC; Eric Hirshberg; Patrick Miller
Latest Form D
Jun 13, 2022

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 ECHO Venture Fund III LLC

What is the minimum investment for ECHO Venture Fund III LLC?

According to its latest Form D, filed Jun 13, 2022, the minimum investment ECHO Venture Fund III LLC accepts from an outside investor is $50,000.

Who can invest in ECHO Venture Fund III LLC?

ECHO Venture Fund III LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.

How much has ECHO Venture Fund III LLC raised?

ECHO Venture Fund III LLC reports $7,505,000 sold from 10 investors on its Form D filed Jun 13, 2022. This is cumulative sales since the offering began, not current assets or performance.

Where is ECHO Venture Fund III LLC based?

ECHO Venture Fund III LLC is based in Philadelphia, Pennsylvania.

When did ECHO Venture Fund III LLC launch?

ECHO Venture Fund III LLC reports its first sale in May 2022.

Size compared with every private investment fund

Raised more than 51% of the 291 private investment funds based in Pennsylvania, and more than 37% of all 10,333 that report sales.

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