Floating Point Altana, LLC is a venture capital fund based in Cambridge, Massachusetts. According to its most recent Form D, filed Aug 25, 2022, it has sold $7,750,000 of interests to 8 investors since its first sale in Aug 2022. The filing does not set a minimum investment. 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 John Loser; Floating Point GP I, LLC; Edward Segel.
- Total raised
- $7,750,000Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Aug 16, 2022
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- John Loser; Floating Point GP I, LLC; Edward Segel
- Latest Form D
- Aug 25, 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 Floating Point Altana, LLC
What is the minimum investment for Floating Point Altana, LLC?
Floating Point Altana, LLC's latest Form D, filed Aug 25, 2022, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Floating Point Altana, LLC?
Floating Point Altana, 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 Floating Point Altana, LLC raised?
Floating Point Altana, LLC reports $7,750,000 sold from 8 investors on its Form D filed Aug 25, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Floating Point Altana, LLC based?
Floating Point Altana, LLC is based in Cambridge, Massachusetts.
When did Floating Point Altana, LLC launch?
Floating Point Altana, LLC reports its first sale in Aug 2022.
Size compared with every venture capital fund
Raised more than 81% of the 529 venture capital funds based in Massachusetts, and more than 86% of all 14,829 that report sales.