Point 406 AI, LLC is a venture capital fund based in Boston, Massachusetts. According to its most recent Form D, filed Sep 16, 2024, it has sold $5,482,960 of interests since its first sale in Feb 2024. 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 406 Ventures V GP, LLC; 406 Ventures V GP, L.P; Liam Donohue.
- Total raised
- $5,482,960Cumulative sales reported on Form D
- Investors
- 0
- First sale
- Feb 8, 2024
- 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
- 406 Ventures V GP, LLC; 406 Ventures V GP, L.P; Liam Donohue
- Latest Form D
- Sep 16, 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 Point 406 AI, LLC
What is the minimum investment for Point 406 AI, LLC?
Point 406 AI, LLC's latest Form D, filed Sep 16, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Point 406 AI, LLC?
Point 406 AI, 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 Point 406 AI, LLC raised?
Point 406 AI, LLC reports $5,482,960 sold on its Form D filed Sep 16, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Point 406 AI, LLC based?
Point 406 AI, LLC is based in Boston, Massachusetts.
When did Point 406 AI, LLC launch?
Point 406 AI, LLC reports its first sale in Feb 2024.
Size compared with every venture capital fund
Raised more than 79% of the 530 venture capital funds based in Massachusetts, and more than 83% of all 14,840 that report sales.