Hive III, LLC is a venture capital fund based in Palo Alto, California. According to its most recent Form D, filed Apr 25, 2017, it has sold $10,025,000 of interests to 30 investors since its first sale in Apr 2017. 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 Sumant Mandal; TM Ravi.
- Total raised
- $10,025,000Cumulative sales reported on Form D
- Investors
- 30
- First sale
- Apr 11, 2017
- 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
- Sumant Mandal; TM Ravi
- Latest Form D
- Apr 25, 2017
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 Hive III, LLC
What is the minimum investment for Hive III, LLC?
Hive III, LLC's latest Form D, filed Apr 25, 2017, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Hive III, LLC?
Hive III, 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 Hive III, LLC raised?
Hive III, LLC reports $10,025,000 sold from 30 investors on its Form D filed Apr 25, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is Hive III, LLC based?
Hive III, LLC is based in Palo Alto, California.
When did Hive III, LLC launch?
Hive III, LLC reports its first sale in Apr 2017.
Size compared with every venture capital fund
Raised more than 75% of the 2,215 venture capital funds based in California, and more than 88% of all 14,820 that report sales.