SP Panacea, LLC
SP Panacea, LLC is a venture capital fund based in Fort Worth, Texas. According to its most recent Form D, filed Aug 29, 2024, it has sold $2,100,000 of interests to 6 investors since its first sale in Aug 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 Apurva Mehta; Patrick O'Connor; Summit Peak Ventures Coinvest GP I, LLC.
- Total raised
- $2,100,000Cumulative sales reported on Form D
- Investors
- 6
- First sale
- Aug 16, 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
- Apurva Mehta; Patrick O'Connor; Summit Peak Ventures Coinvest GP I, LLC
- Latest Form D
- Aug 29, 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 SP Panacea, LLC
What is the minimum investment for SP Panacea, LLC?
SP Panacea, LLC's latest Form D, filed Aug 29, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SP Panacea, LLC?
SP Panacea, 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 SP Panacea, LLC raised?
SP Panacea, LLC reports $2,100,000 sold from 6 investors on its Form D filed Aug 29, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is SP Panacea, LLC based?
SP Panacea, LLC is based in Fort Worth, Texas.
When did SP Panacea, LLC launch?
SP Panacea, LLC reports its first sale in Aug 2024.
Size compared with every venture capital fund
Raised more than 62% of the 489 venture capital funds based in Texas, and more than 72% of all 14,835 that report sales.