NextGen Walrus LLC is a venture capital fund based in Baltimore, Maryland. According to its most recent Form D, filed Oct 2, 2024, it has sold $1,537,576 of interests to 18 investors since its first sale in Sep 2019. 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 NextGen Venture Partners, LLC; William White; Michael Hankin.
- Total raised
- $1,537,576Cumulative sales reported on Form D
- Investors
- 18
- First sale
- Sep 25, 2019
- 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
- NextGen Venture Partners, LLC; William White; Michael Hankin
- Latest Form D
- Oct 2, 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 Walrus LLC
What is the minimum investment for NextGen Walrus LLC?
NextGen Walrus LLC's latest Form D, filed Oct 2, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in NextGen Walrus LLC?
NextGen Walrus 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 Walrus LLC raised?
NextGen Walrus LLC reports $1,537,576 sold from 18 investors on its Form D filed Oct 2, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is NextGen Walrus LLC based?
NextGen Walrus LLC is based in Baltimore, Maryland.
When did NextGen Walrus LLC launch?
NextGen Walrus LLC reports its first sale in Sep 2019.
Size compared with every venture capital fund
Raised more than 68% of the 92 venture capital funds based in Maryland, and more than 68% of all 15,160 that report sales.