Instantscale Xviii LLC
Instantscale Xviii LLC is a venture capital fund based in Irvine, California. According to its most recent Form D, filed Jun 1, 2016, it has sold $193,264 of interests to 15 investors since its first sale in May 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
- $193,264Cumulative sales reported on Form D
- Investors
- 15
- First sale
- May 16, 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
- Jun 1, 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 Xviii LLC
What is the minimum investment for Instantscale Xviii LLC?
Instantscale Xviii LLC's latest Form D, filed Jun 1, 2016, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Instantscale Xviii LLC?
Instantscale Xviii 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 Xviii LLC raised?
Instantscale Xviii LLC reports $193,264 sold from 15 investors on its Form D filed Jun 1, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Instantscale Xviii LLC based?
Instantscale Xviii LLC is based in Irvine, California.
When did Instantscale Xviii LLC launch?
Instantscale Xviii LLC reports its first sale in May 2016.
Size compared with every venture capital fund
Raised more than 41% of the 2,224 venture capital funds based in California, and more than 29% of all 14,840 that report sales.