Open Source Finance, LLC is a private investment fund based in Denver, Colorado. According to its most recent Form D, filed May 15, 2020, it has sold $100,000 of interests to 2 investors since its first sale in Apr 2020. The minimum investment it accepts from an outside investor is $250,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Open Source Finance Foundation; Two Prime, LLC; Alexander Blum.
- Total raised
- $100,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Apr 30, 2020
- Minimum investment
- $250,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Open Source Finance Foundation; Two Prime, LLC; Alexander Blum
- Latest Form D
- May 15, 2020
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 Open Source Finance, LLC
What is the minimum investment for Open Source Finance, LLC?
According to its latest Form D, filed May 15, 2020, the minimum investment Open Source Finance, LLC accepts from an outside investor is $250,000.
Who can invest in Open Source Finance, LLC?
Open Source Finance, 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Open Source Finance, LLC raised?
Open Source Finance, LLC reports $100,000 sold from 2 investors on its Form D filed May 15, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Open Source Finance, LLC based?
Open Source Finance, LLC is based in Denver, Colorado.
When did Open Source Finance, LLC launch?
Open Source Finance, LLC reports its first sale in Apr 2020.
Size compared with every private investment fund
Raised more than 11% of the 236 private investment funds based in Colorado, and more than 2% of all 10,263 that report sales.