Electrify 1 Partners LLC is a venture capital fund based in Downers Grove, Illinois. According to its most recent Form D, filed Oct 11, 2023, it has sold $650,000 of interests to 3 investors since its first sale in Jan 2023. The minimum investment it accepts from an outside investor is $25,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include James Fleetwood; Electrify 1 Manager LLC; Tad Lagastee.
- Total raised
- $650,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Jan 18, 2023
- Minimum investment
- $25,000
- 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
- James Fleetwood; Electrify 1 Manager LLC; Tad Lagastee
- Latest Form D
- Oct 11, 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 Electrify 1 Partners LLC
What is the minimum investment for Electrify 1 Partners LLC?
According to its latest Form D, filed Oct 11, 2023, the minimum investment Electrify 1 Partners LLC accepts from an outside investor is $25,000.
Who can invest in Electrify 1 Partners LLC?
Electrify 1 Partners 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Electrify 1 Partners LLC raised?
Electrify 1 Partners LLC reports $650,000 sold from 3 investors on its Form D filed Oct 11, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Electrify 1 Partners LLC based?
Electrify 1 Partners LLC is based in Downers Grove, Illinois.
When did Electrify 1 Partners LLC launch?
Electrify 1 Partners LLC reports its first sale in Jan 2023.
Size compared with every venture capital fund
Raised more than 32% of the 146 venture capital funds based in Illinois, and more than 54% of all 14,820 that report sales.