GC Venture V, LLC is a venture capital fund based in Cambridge, Massachusetts. According to its most recent Form D, filed Nov 13, 2019, it has sold $14,660,000 of interests to 2 investors since its first sale in Oct 2019. 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 Kenneth Chenault; GC Venture V Manager, LLC; Joel Cutler.
- Total raised
- $14,660,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Oct 31, 2019
- 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
- Kenneth Chenault; GC Venture V Manager, LLC; Joel Cutler
- Latest Form D
- Nov 13, 2019
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 GC Venture V, LLC
What is the minimum investment for GC Venture V, LLC?
GC Venture V, LLC's latest Form D, filed Nov 13, 2019, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in GC Venture V, LLC?
GC Venture V, 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 GC Venture V, LLC raised?
GC Venture V, LLC reports $14,660,000 sold from 2 investors on its Form D filed Nov 13, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is GC Venture V, LLC based?
GC Venture V, LLC is based in Cambridge, Massachusetts.
When did GC Venture V, LLC launch?
GC Venture V, LLC reports its first sale in Oct 2019.
Size compared with every venture capital fund
Raised more than 84% of the 531 venture capital funds based in Massachusetts, and more than 90% of all 14,865 that report sales.