Lembas III, LP
Lembas III, LP is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Oct 19, 2010, it has sold $9,500,000 of interests to 16 investors since its first sale in Oct 2010. 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. Related persons named in the filing include The Founders Fund III Management, LLC; Ken Howery; Luke Nosek.
- Total raised
- $9,500,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Oct 4, 2010
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Other exemption
- Key people and entities
- The Founders Fund III Management, LLC; Ken Howery; Luke Nosek
- Latest Form D
- Oct 19, 2010
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 Lembas III, LP
What is the minimum investment for Lembas III, LP?
Lembas III, LP's latest Form D, filed Oct 19, 2010, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Lembas III, LP?
Lembas III, LP 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).
How much has Lembas III, LP raised?
Lembas III, LP reports $9,500,000 sold from 16 investors on its Form D filed Oct 19, 2010. This is cumulative sales since the offering began, not current assets or performance.
Where is Lembas III, LP based?
Lembas III, LP is based in San Francisco, California.
When did Lembas III, LP launch?
Lembas III, LP reports its first sale in Oct 2010.
Size compared with every venture capital fund
Raised more than 74% of the 2,224 venture capital funds based in California, and more than 87% of all 14,840 that report sales.