Spinnaker Kraken is a private investment fund based in Dover, Delaware. According to its most recent Form D, filed Nov 12, 2026, it has sold $595,000 of interests to 9 investors since its first sale in Nov 2024. The minimum investment it accepts from an outside investor is $20,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Spinnaker Ventures GP LLC; Mikhail Sklyarov.
- Total raised
- $595,000Cumulative sales reported on Form D
- Investors
- 9
- First sale
- Nov 25, 2024
- Minimum investment
- $20,000
- 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
- Spinnaker Ventures GP LLC; Mikhail Sklyarov
- Latest Form D
- Nov 12, 2026
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 Spinnaker Kraken
What is the minimum investment for Spinnaker Kraken?
According to its latest Form D, filed Nov 12, 2026, the minimum investment Spinnaker Kraken accepts from an outside investor is $20,000.
Who can invest in Spinnaker Kraken?
Spinnaker Kraken 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 Spinnaker Kraken raised?
Spinnaker Kraken reports $595,000 sold from 9 investors on its Form D filed Nov 12, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Spinnaker Kraken based?
Spinnaker Kraken is based in Dover, Delaware.
When did Spinnaker Kraken launch?
Spinnaker Kraken reports its first sale in Nov 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private investment fund
Raised more than 32% of the 463 private investment funds based in Delaware, and more than 10% of all 10,311 that report sales.