SC Red 1 LLC is a venture capital fund based in New York, New York. According to its most recent Form D, filed Mar 11, 2022, it has sold $11,050,000 of interests to 61 investors since its first sale in Sep 2021. The minimum investment it accepts from an outside investor is $100,000. 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 LLC Strauss Capital.
- Total raised
- $11,050,000Cumulative sales reported on Form D
- Investors
- 61
- First sale
- Sep 24, 2021
- Minimum investment
- $100,000
- 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
- LLC Strauss Capital
- Latest Form D
- Mar 11, 2022
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 SC Red 1 LLC
What is the minimum investment for SC Red 1 LLC?
According to its latest Form D, filed Mar 11, 2022, the minimum investment SC Red 1 LLC accepts from an outside investor is $100,000.
Who can invest in SC Red 1 LLC?
SC Red 1 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 SC Red 1 LLC raised?
SC Red 1 LLC reports $11,050,000 sold from 61 investors on its Form D filed Mar 11, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is SC Red 1 LLC based?
SC Red 1 LLC is based in New York, New York.
When did SC Red 1 LLC launch?
SC Red 1 LLC reports its first sale in Sep 2021.
Size compared with every venture capital fund
Raised more than 79% of the 1,234 venture capital funds based in New York, and more than 89% of all 14,840 that report sales.