MVC Friends 1, LLC
MVC Friends 1, LLC is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Nov 2, 2021, it has sold $4,590,000 of interests to 24 investors since its first sale in Oct 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 Metaverse Capital LLC; Jonathan Smith.
- Total raised
- $4,590,000Cumulative sales reported on Form D
- Investors
- 24
- First sale
- Oct 19, 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
- Metaverse Capital LLC; Jonathan Smith
- Latest Form D
- Nov 2, 2021
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 MVC Friends 1, LLC
What is the minimum investment for MVC Friends 1, LLC?
MVC Friends 1, LLC's latest Form D, filed Nov 2, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in MVC Friends 1, LLC?
MVC Friends 1, 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 MVC Friends 1, LLC raised?
MVC Friends 1, LLC reports $4,590,000 sold from 24 investors on its Form D filed Nov 2, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is MVC Friends 1, LLC based?
MVC Friends 1, LLC is based in San Francisco, California.
When did MVC Friends 1, LLC launch?
MVC Friends 1, LLC reports its first sale in Oct 2021.
Size compared with every venture capital fund
Raised more than 66% of the 2,227 venture capital funds based in California, and more than 81% of all 14,865 that report sales.