Propel (Abtum), LLC
Propel (Abtum), LLC is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Aug 12, 2016, it has sold $133,000 of interests to 4 investors since its first sale in Jul 2016. The minimum investment it accepts from an outside investor is $3,000. 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 Propel(x) Advisors LLC; Propel(x), Inc.
- Total raised
- $133,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Jul 15, 2016
- Minimum investment
- $3,000
- 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
- Propel(x) Advisors LLC; Propel(x), Inc
- Latest Form D
- Aug 12, 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 Propel (Abtum), LLC
What is the minimum investment for Propel (Abtum), LLC?
According to its latest Form D, filed Aug 12, 2016, the minimum investment Propel (Abtum), LLC accepts from an outside investor is $3,000.
Who can invest in Propel (Abtum), LLC?
Propel (Abtum), 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 Propel (Abtum), LLC raised?
Propel (Abtum), LLC reports $133,000 sold from 4 investors on its Form D filed Aug 12, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Propel (Abtum), LLC based?
Propel (Abtum), LLC is based in San Francisco, California.
When did Propel (Abtum), LLC launch?
Propel (Abtum), LLC reports its first sale in Jul 2016.
Size compared with every venture capital fund
Raised more than 40% of the 2,222 venture capital funds based in California, and more than 22% of all 14,829 that report sales.