FT Openova LLC is a venture capital fund based in Wheaton, Illinois. According to its most recent Form D, filed Feb 11, 2026, it has sold $2,775,000 of interests to 12 investors since its first sale in Jan 2026. The minimum investment it accepts from an outside investor is $2,500. 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 Mark Kroeger; Rachel Kern; First Trust Capital Partners, LLC.
- Total raised
- $2,775,000Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Jan 30, 2026
- Minimum investment
- $2,500
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Mark Kroeger; Rachel Kern; First Trust Capital Partners, LLC
- Latest Form D
- Feb 11, 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 FT Openova LLC
What is the minimum investment for FT Openova LLC?
According to its latest Form D, filed Feb 11, 2026, the minimum investment FT Openova LLC accepts from an outside investor is $2,500.
Who can invest in FT Openova LLC?
FT Openova LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has FT Openova LLC raised?
FT Openova LLC reports $2,775,000 sold from 12 investors on its Form D filed Feb 11, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is FT Openova LLC based?
FT Openova LLC is based in Wheaton, Illinois.
When did FT Openova LLC launch?
FT Openova 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
Raised more than 53% of the 148 venture capital funds based in Illinois, and more than 75% of all 15,160 that report sales.