Figment Fund Ocean I, Ltd. is a venture capital fund based in New York, New York. According to its most recent Form D, filed Aug 7, 2023, it has sold $795,507 of interests to 17 investors since its first sale in Feb 2022. The minimum investment it accepts from an outside investor is $3,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Figment Investment Management, LLC; James Parillo; Oliver Bell.
- Total raised
- $795,507Cumulative sales reported on Form D
- Investors
- 17
- First sale
- Feb 9, 2022
- Minimum investment
- $3,000
- 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
- Figment Investment Management, LLC; James Parillo; Oliver Bell
- Latest Form D
- Aug 7, 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 Figment Fund Ocean I, Ltd.
What is the minimum investment for Figment Fund Ocean I, Ltd.?
According to its latest Form D, filed Aug 7, 2023, the minimum investment Figment Fund Ocean I, Ltd. accepts from an outside investor is $3,000.
Who can invest in Figment Fund Ocean I, Ltd.?
Figment Fund Ocean I, Ltd. 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 Figment Fund Ocean I, Ltd. raised?
Figment Fund Ocean I, Ltd. reports $795,507 sold from 17 investors on its Form D filed Aug 7, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Figment Fund Ocean I, Ltd. based?
Figment Fund Ocean I, Ltd. is based in New York, New York.
When did Figment Fund Ocean I, Ltd. launch?
Figment Fund Ocean I, Ltd. reports its first sale in Feb 2022.
Size compared with every venture capital fund
Raised more than 46% of the 1,234 venture capital funds based in New York, and more than 57% of all 14,840 that report sales.