Intersect Ventures XI, LLC
Intersect Ventures XI, LLC is a venture capital fund based in San Ramon, California. According to its most recent Form D, filed Jul 15, 2022, it has sold $1,665,000 of interests to 11 investors since its first sale in Jul 2021. 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 Joseph McLean; Intersect Ventures, LLC.
- Total raised
- $1,665,000Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Jul 22, 2021
- 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
- Joseph McLean; Intersect Ventures, LLC
- Latest Form D
- Jul 15, 2022
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 Intersect Ventures XI, LLC
What is the minimum investment for Intersect Ventures XI, LLC?
Intersect Ventures XI, LLC's latest Form D, filed Jul 15, 2022, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Intersect Ventures XI, LLC?
Intersect Ventures XI, 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 Intersect Ventures XI, LLC raised?
Intersect Ventures XI, LLC reports $1,665,000 sold from 11 investors on its Form D filed Jul 15, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Intersect Ventures XI, LLC based?
Intersect Ventures XI, LLC is based in San Ramon, California.
When did Intersect Ventures XI, LLC launch?
Intersect Ventures XI, LLC reports its first sale in Jul 2021.
Size compared with every venture capital fund
Raised more than 54% of the 2,215 venture capital funds based in California, and more than 69% of all 14,820 that report sales.