LIP Ventures II LP is a venture capital fund based in Toronto, Ontario, Canada. According to its most recent Form D, filed Aug 24, 2023, it has sold $4,325,000 of interests to 12 investors since its first sale in Nov 2022. 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 Tripp Ventures GP Ltd.
- Total raised
- $4,325,000Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Nov 9, 2022
- 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
- Tripp Ventures GP Ltd
- Latest Form D
- Aug 24, 2023
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 LIP Ventures II LP
What is the minimum investment for LIP Ventures II LP?
LIP Ventures II LP's latest Form D, filed Aug 24, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in LIP Ventures II LP?
LIP Ventures II 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). It uses Rule 506(b), which does not allow general advertising.
How much has LIP Ventures II LP raised?
LIP Ventures II LP reports $4,325,000 sold from 12 investors on its Form D filed Aug 24, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is LIP Ventures II LP based?
LIP Ventures II LP is based in Toronto, Ontario, Canada.
When did LIP Ventures II LP launch?
LIP Ventures II LP reports its first sale in Nov 2022.
Size compared with every venture capital fund
Raised more than 72% of the 47 venture capital funds based in Ontario, Canada, and more than 80% of all 14,865 that report sales.