Material Fund I LP is a venture capital fund based in New York, New York. According to its most recent Form D, filed Feb 4, 2020, it has sold $22,575,000 of interests to 29 investors since its first sale in Aug 2019. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Matthew Salzberg.
- Total raised
- $22,575,000Cumulative sales reported on Form D
- Investors
- 29
- First sale
- Aug 2, 2019
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Matthew Salzberg
- Latest Form D
- Feb 4, 2020
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 Material Fund I LP
What is the minimum investment for Material Fund I LP?
Material Fund I LP's latest Form D, filed Feb 4, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Material Fund I LP?
Material Fund I LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Material Fund I LP raised?
Material Fund I LP reports $22,575,000 sold from 29 investors on its Form D filed Feb 4, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Material Fund I LP based?
Material Fund I LP is based in New York, New York.
When did Material Fund I LP launch?
Material Fund I LP reports its first sale in Aug 2019.
Size compared with every venture capital fund
Raised more than 86% of the 1,234 venture capital funds based in New York, and more than 93% of all 14,820 that report sales.