NXT Ventures Fund 1, LLC
NXT Ventures Fund 1, LLC is a venture capital fund based in Marblehead, Massachusetts. According to its most recent Form D, filed Apr 19, 2016, it has sold $2,000,000 of interests to 5 investors since its first sale in Jan 2016. The minimum investment it accepts from an outside investor is $100,000. 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 NXT Ventures Management, LLC.
- Total raised
- $2,000,000Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Jan 7, 2016
- Minimum investment
- $100,000
- 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
- NXT Ventures Management, LLC
- Latest Form D
- Apr 19, 2016
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 NXT Ventures Fund 1, LLC
What is the minimum investment for NXT Ventures Fund 1, LLC?
According to its latest Form D, filed Apr 19, 2016, the minimum investment NXT Ventures Fund 1, LLC accepts from an outside investor is $100,000.
Who can invest in NXT Ventures Fund 1, LLC?
NXT Ventures Fund 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 NXT Ventures Fund 1, LLC raised?
NXT Ventures Fund 1, LLC reports $2,000,000 sold from 5 investors on its Form D filed Apr 19, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is NXT Ventures Fund 1, LLC based?
NXT Ventures Fund 1, LLC is based in Marblehead, Massachusetts.
When did NXT Ventures Fund 1, LLC launch?
NXT Ventures Fund 1, LLC reports its first sale in Jan 2016.
Size compared with every venture capital fund
Raised more than 71% of the 531 venture capital funds based in Massachusetts, and more than 71% of all 14,865 that report sales.