Needle 2023-1, LLC
Needle 2023-1, LLC is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Jun 26, 2023, it has sold $5,000,000 of interests to 1 investor since its first sale in Jun 2023. 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 2023-1 Manager, LLC.
- Total raised
- $5,000,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Jun 5, 2023
- 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 2023-1 Manager, LLC
- Latest Form D
- Jun 26, 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 Needle 2023-1, LLC
What is the minimum investment for Needle 2023-1, LLC?
Needle 2023-1, LLC's latest Form D, filed Jun 26, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Needle 2023-1, LLC?
Needle 2023-1, 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 2023-1, LLC raised?
Needle 2023-1, LLC reports $5,000,000 sold from 1 investor on its Form D filed Jun 26, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Needle 2023-1, LLC based?
Needle 2023-1, LLC is based in San Francisco, California.
When did Needle 2023-1, LLC launch?
Needle 2023-1, LLC reports its first sale in Jun 2023.
Size compared with every venture capital fund
Raised more than 67% of the 2,226 venture capital funds based in California, and more than 81% of all 14,875 that report sales.