Intersect Ventures XII, LLC
Intersect Ventures XII, 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 $3,100,000 of interests to 23 investors since its first sale in Aug 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
- $3,100,000Cumulative sales reported on Form D
- Investors
- 23
- First sale
- Aug 27, 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 XII, LLC
What is the minimum investment for Intersect Ventures XII, LLC?
Intersect Ventures XII, 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 XII, LLC?
Intersect Ventures XII, 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 XII, LLC raised?
Intersect Ventures XII, LLC reports $3,100,000 sold from 23 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 XII, LLC based?
Intersect Ventures XII, LLC is based in San Ramon, California.
When did Intersect Ventures XII, LLC launch?
Intersect Ventures XII, LLC reports its first sale in Aug 2021.
Size compared with every venture capital fund
Raised more than 62% of the 2,224 venture capital funds based in California, and more than 77% of all 14,835 that report sales.