Fermion LLC is a venture capital fund based in San Francisco, California. Its most recent Form D, filed Mar 13, 2026, reports no sales yet. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Rob Reid; Hadron LLC.
- Total raised
- $0Cumulative sales reported on Form D
- Investors
- 27
- First sale
- Jan 27, 2026
- 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
- Rob Reid; Hadron LLC
- Latest Form D
- Mar 13, 2026
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 Fermion LLC
What is the minimum investment for Fermion LLC?
Fermion LLC's latest Form D, filed Mar 13, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Fermion LLC?
Fermion 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 Fermion LLC raised?
Fermion LLC's latest Form D, filed Mar 13, 2026, reports no sales yet.
Where is Fermion LLC based?
Fermion LLC is based in San Francisco, California.
When did Fermion LLC launch?
Fermion LLC reports its first sale in Jan 2026, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
This fund hasn't reported any sales yet.