InstantScale XV LLC
InstantScale XV LLC is a venture capital fund based in Irvine, California. According to its most recent Form D, filed Dec 7, 2015, it has sold $348,597 of interests to 28 investors since its first sale in Jul 2015. 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 Chad Cardenas; Hayes Drumwright.
- Total raised
- $348,597Cumulative sales reported on Form D
- Investors
- 28
- First sale
- Jul 9, 2015
- 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
- Chad Cardenas; Hayes Drumwright
- Latest Form D
- Dec 7, 2015
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 InstantScale XV LLC
What is the minimum investment for InstantScale XV LLC?
InstantScale XV LLC's latest Form D, filed Dec 7, 2015, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in InstantScale XV LLC?
InstantScale XV 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 InstantScale XV LLC raised?
InstantScale XV LLC reports $348,597 sold from 28 investors on its Form D filed Dec 7, 2015. This is cumulative sales since the offering began, not current assets or performance.
Where is InstantScale XV LLC based?
InstantScale XV LLC is based in Irvine, California.
When did InstantScale XV LLC launch?
InstantScale XV LLC reports its first sale in Jul 2015.
Size compared with every venture capital fund
Raised more than 43% of the 2,215 venture capital funds based in California, and more than 42% of all 14,820 that report sales.