Rainfall L1, LP
Rainfall L1, LP is a venture capital fund based in West Hollywood, California. According to its most recent Form D, filed Jun 23, 2021, it has sold $2,050,000 of interests to 4 investors since its first sale in Jun 2021. 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 Ron Rofe.
- Total raised
- $2,050,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Jun 16, 2021
- 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
- Ron Rofe
- Latest Form D
- Jun 23, 2021
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 Rainfall L1, LP
What is the minimum investment for Rainfall L1, LP?
Rainfall L1, LP's latest Form D, filed Jun 23, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Rainfall L1, LP?
Rainfall L1, LP 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 Rainfall L1, LP raised?
Rainfall L1, LP reports $2,050,000 sold from 4 investors on its Form D filed Jun 23, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Rainfall L1, LP based?
Rainfall L1, LP is based in West Hollywood, California.
When did Rainfall L1, LP launch?
Rainfall L1, LP reports its first sale in Jun 2021.
Size compared with every venture capital fund
Raised more than 57% of the 2,199 venture capital funds based in California, and more than 72% of all 14,768 that report sales.