MicroVenture Fund III LLC is a private equity fund based in Austin, Texas. According to its most recent Form D, filed Jun 19, 2017, it has sold $904,000 of interests to 76 investors since its first sale in Jun 2017. The minimum investment it accepts from an outside investor is $10,000. 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 Tyler Gray; William Clark.
- Total raised
- $904,000Cumulative sales reported on Form D
- Investors
- 76
- First sale
- Jun 1, 2017
- Minimum investment
- $10,000
- 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
- Tyler Gray; William Clark
- Latest Form D
- Jun 19, 2017
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 MicroVenture Fund III LLC
What is the minimum investment for MicroVenture Fund III LLC?
According to its latest Form D, filed Jun 19, 2017, the minimum investment MicroVenture Fund III LLC accepts from an outside investor is $10,000.
Who can invest in MicroVenture Fund III LLC?
MicroVenture Fund III 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 MicroVenture Fund III LLC raised?
MicroVenture Fund III LLC reports $904,000 sold from 76 investors on its Form D filed Jun 19, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is MicroVenture Fund III LLC based?
MicroVenture Fund III LLC is based in Austin, Texas.
When did MicroVenture Fund III LLC launch?
MicroVenture Fund III LLC reports its first sale in Jun 2017.
Size compared with every private equity fund
Raised more than 50% of the 1,403 private equity funds based in Texas, and more than 20% of all 8,950 that report sales.