NextGen Trace LLC is a venture capital fund based in Baltimore, Maryland. According to its most recent Form D, filed Apr 25, 2024, it has sold $492,500 of interests to 15 investors since its first sale in Apr 2022. 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 Brett Rogers; David Churchill; Michael Hankin.
- Total raised
- $492,500Cumulative sales reported on Form D
- Investors
- 15
- First sale
- Apr 11, 2022
- 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
- Brett Rogers; David Churchill; Michael Hankin
- Latest Form D
- Apr 25, 2024
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 NextGen Trace LLC
What is the minimum investment for NextGen Trace LLC?
NextGen Trace LLC's latest Form D, filed Apr 25, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in NextGen Trace LLC?
NextGen Trace 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 NextGen Trace LLC raised?
NextGen Trace LLC reports $492,500 sold from 15 investors on its Form D filed Apr 25, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is NextGen Trace LLC based?
NextGen Trace LLC is based in Baltimore, Maryland.
When did NextGen Trace LLC launch?
NextGen Trace LLC reports its first sale in Apr 2022.
Size compared with every venture capital fund
Raised more than 57% of the 88 venture capital funds based in Maryland, and more than 48% of all 14,732 that report sales.