First Bight Fund I, LP is a venture capital fund based in Houston, Texas. According to its most recent Form D, filed May 10, 2023, it has sold $9,655,500 of interests to 32 investors since its first sale in Feb 2022. 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 First Bight Fund I GP, LP; First Bight Management, LLC; Veronica Wu.
- Total raised
- $9,655,500Cumulative sales reported on Form D
- Investors
- 32
- First sale
- Feb 14, 2022
- 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
- First Bight Fund I GP, LP; First Bight Management, LLC; Veronica Wu
- Latest Form D
- May 10, 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 First Bight Fund I, LP
What is the minimum investment for First Bight Fund I, LP?
First Bight Fund I, LP's latest Form D, filed May 10, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in First Bight Fund I, LP?
First Bight Fund I, LP 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 First Bight Fund I, LP raised?
First Bight Fund I, LP reports $9,655,500 sold from 32 investors on its Form D filed May 10, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is First Bight Fund I, LP based?
First Bight Fund I, LP is based in Houston, Texas.
When did First Bight Fund I, LP launch?
First Bight Fund I, LP reports its first sale in Feb 2022.
Size compared with every venture capital fund
Raised more than 83% of the 489 venture capital funds based in Texas, and more than 87% of all 14,840 that report sales.