InstantScale XVII LLC
InstantScale XVII LLC is a venture capital fund based in Irvine, California. According to its most recent Form D, filed Feb 17, 2016, it has sold $925,991 of interests to 41 investors since its first sale in Feb 2016. 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
- $925,991Cumulative sales reported on Form D
- Investors
- 41
- First sale
- Feb 5, 2016
- 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
- Feb 17, 2016
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 XVII LLC
What is the minimum investment for InstantScale XVII LLC?
InstantScale XVII LLC's latest Form D, filed Feb 17, 2016, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in InstantScale XVII LLC?
InstantScale XVII 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 XVII LLC raised?
InstantScale XVII LLC reports $925,991 sold from 41 investors on its Form D filed Feb 17, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is InstantScale XVII LLC based?
InstantScale XVII LLC is based in Irvine, California.
When did InstantScale XVII LLC launch?
InstantScale XVII LLC reports its first sale in Feb 2016.
Size compared with every venture capital fund
Raised more than 48% of the 2,205 venture capital funds based in California, and more than 59% of all 14,800 that report sales.