Gravity Fund I LP
Gravity Fund I LP is a venture capital fund based in Maple Grove. According to its most recent Form D, filed Sep 29, 2022, it has sold $10,850,000 of interests to 25 investors since its first sale in Sep 2021. 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 Seth DeGroot; xxx Gravity Venture Partners, LLC; Adam Gruver.
- Total raised
- $10,850,000Cumulative sales reported on Form D
- Investors
- 25
- First sale
- Sep 14, 2021
- 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
- Seth DeGroot; xxx Gravity Venture Partners, LLC; Adam Gruver
- Latest Form D
- Sep 29, 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 Gravity Fund I LP
What is the minimum investment for Gravity Fund I LP?
Gravity Fund I LP's latest Form D, filed Sep 29, 2022, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Gravity Fund I LP?
Gravity 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 Gravity Fund I LP raised?
Gravity Fund I LP reports $10,850,000 sold from 25 investors on its Form D filed Sep 29, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Gravity Fund I LP based?
Gravity Fund I LP is based in Maple Grove.
When did Gravity Fund I LP launch?
Gravity Fund I LP reports its first sale in Sep 2021.