Needle 2021-2, LLC
Needle 2021-2, LLC is a venture capital fund based in Mill Valley, California. According to its most recent Form D, filed Dec 30, 2021, it has sold $22,600,000 of interests to 8 investors since its first sale in Dec 2021. 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 Semil Shah; Needle 2020-1 Manager, LLC.
- Total raised
- $22,600,000Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Dec 15, 2021
- 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
- Semil Shah; Needle 2020-1 Manager, LLC
- Latest Form D
- Dec 30, 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 Needle 2021-2, LLC
What is the minimum investment for Needle 2021-2, LLC?
Needle 2021-2, LLC's latest Form D, filed Dec 30, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Needle 2021-2, LLC?
Needle 2021-2, LLC 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 Needle 2021-2, LLC raised?
Needle 2021-2, LLC reports $22,600,000 sold from 8 investors on its Form D filed Dec 30, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Needle 2021-2, LLC based?
Needle 2021-2, LLC is based in Mill Valley, California.
When did Needle 2021-2, LLC launch?
Needle 2021-2, LLC reports its first sale in Dec 2021.
Size compared with every venture capital fund
Raised more than 83% of the 2,193 venture capital funds based in California, and more than 93% of all 14,732 that report sales.