HMC Needles I, L.P.
HMC Needles I, L.P. is a venture capital fund based in Seattle, Washington. According to its most recent Form D, filed Jan 13, 2025, it has sold $23,977,600 of interests to 58 investors since its first sale in Nov 2021. The minimum investment it accepts from an outside investor is $100,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Semil Shah; Haystack Needles GP, LLC; Haystack Management Company, LLC.
- Total raised
- $23,977,600Cumulative sales reported on Form D
- Investors
- 58
- First sale
- Nov 1, 2021
- Minimum investment
- $100,000
- 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
- Semil Shah; Haystack Needles GP, LLC; Haystack Management Company, LLC
- Latest Form D
- Jan 13, 2025
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 HMC Needles I, L.P.
What is the minimum investment for HMC Needles I, L.P.?
According to its latest Form D, filed Jan 13, 2025, the minimum investment HMC Needles I, L.P. accepts from an outside investor is $100,000.
Who can invest in HMC Needles I, L.P.?
HMC Needles I, L.P. 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 HMC Needles I, L.P. raised?
HMC Needles I, L.P. reports $23,977,600 sold from 58 investors on its Form D filed Jan 13, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is HMC Needles I, L.P. based?
HMC Needles I, L.P. is based in Seattle, Washington and is managed by Haystack Management Company, LLC.
When did HMC Needles I, L.P. launch?
HMC Needles I, L.P. reports its first sale in Nov 2021, 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 99% of the 5,568 venture capital funds based in Washington, and more than 93% of all 15,160 that report sales.