FranInvest, LLC
FranInvest, LLC is a venture capital fund based in Alexandria, Virginia. According to its most recent Form D, filed Nov 21, 2013, it has sold $1,000,000 of interests to 1 investor since its first sale in Nov 2013. 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 Daniel Rowe; Evan Morgan; John Oswald.
- Total raised
- $1,000,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Nov 8, 2013
- 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
- Daniel Rowe; Evan Morgan; John Oswald
- Latest Form D
- Nov 21, 2013
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 FranInvest, LLC
What is the minimum investment for FranInvest, LLC?
FranInvest, LLC's latest Form D, filed Nov 21, 2013, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in FranInvest, LLC?
FranInvest, 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 FranInvest, LLC raised?
FranInvest, LLC reports $1,000,000 sold from 1 investor on its Form D filed Nov 21, 2013. This is cumulative sales since the offering began, not current assets or performance.
Where is FranInvest, LLC based?
FranInvest, LLC is based in Alexandria, Virginia.
When did FranInvest, LLC launch?
FranInvest, LLC reports its first sale in Nov 2013.
Size compared with every venture capital fund
Raised more than 52% of the 140 venture capital funds based in Virginia, and more than 60% of all 14,800 that report sales.