InstantScale XVI LLC
InstantScale XVI LLC is a venture capital fund based in Irvine, California. According to its most recent Form D, filed Nov 12, 2015, it has sold $225,275 of interests to 13 investors since its first sale in Oct 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 Hayes Drumwright; Chad Cardenas.
- Total raised
- $225,275Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Oct 30, 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
- Hayes Drumwright; Chad Cardenas
- Latest Form D
- Nov 12, 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 XVI LLC
What is the minimum investment for InstantScale XVI LLC?
InstantScale XVI LLC's latest Form D, filed Nov 12, 2015, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in InstantScale XVI LLC?
InstantScale XVI 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 XVI LLC raised?
InstantScale XVI LLC reports $225,275 sold from 13 investors on its Form D filed Nov 12, 2015. This is cumulative sales since the offering began, not current assets or performance.
Where is InstantScale XVI LLC based?
InstantScale XVI LLC is based in Irvine, California.
When did InstantScale XVI LLC launch?
InstantScale XVI LLC reports its first sale in Oct 2015.
Size compared with every venture capital fund
Raised more than 41% of the 2,199 venture capital funds based in California, and more than 33% of all 14,768 that report sales.