Propel (Positron Dynamics) LLC is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Mar 3, 2016, it has sold $38,000 of interests to 4 investors since its first sale in Jan 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(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Propel(x) Advisors LLC; Propel(x), Inc.
- Total raised
- $38,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Jan 12, 2016
- Minimum investment
- $3,000
- 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
- Propel(x) Advisors LLC; Propel(x), Inc
- Latest Form D
- Mar 3, 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 (Positron Dynamics) LLC
What is the minimum investment for Propel (Positron Dynamics) LLC?
According to its latest Form D, filed Mar 3, 2016, the minimum investment Propel (Positron Dynamics) LLC accepts from an outside investor is $3,000.
Who can invest in Propel (Positron Dynamics) LLC?
Propel (Positron Dynamics) 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 Propel (Positron Dynamics) LLC raised?
Propel (Positron Dynamics) LLC reports $38,000 sold from 4 investors on its Form D filed Mar 3, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Propel (Positron Dynamics) LLC based?
Propel (Positron Dynamics) LLC is based in San Francisco, California.
When did Propel (Positron Dynamics) LLC launch?
Propel (Positron Dynamics) LLC reports its first sale in Jan 2016.
Size compared with every venture capital fund
Raised more than 39% of the 2,224 venture capital funds based in California, and more than 3% of all 14,840 that report sales.