Squared Circle Square Two Fund LP is a venture capital fund based in Minnetonka, Minnesota. According to its most recent Form D, filed Oct 28, 2026, it has sold $1,400,000 of interests since its first sale in Sep 2026. The filing does not set a minimum investment. 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 Squared Circle Square Two GP LLC; Karl Mattson.
- Total raised
- $1,400,000Cumulative sales reported on Form D
- Investors
- 0
- First sale
- Sep 29, 2026
- Minimum investment
- None set
- 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
- Squared Circle Square Two GP LLC; Karl Mattson
- Latest Form D
- Oct 28, 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 Squared Circle Square Two Fund LP
What is the minimum investment for Squared Circle Square Two Fund LP?
Squared Circle Square Two Fund LP's latest Form D, filed Oct 28, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Squared Circle Square Two Fund LP?
Squared Circle Square Two Fund LP 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 Squared Circle Square Two Fund LP raised?
Squared Circle Square Two Fund LP reports $1,400,000 sold on its Form D filed Oct 28, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Squared Circle Square Two Fund LP based?
Squared Circle Square Two Fund LP is based in Minnetonka, Minnesota.
When did Squared Circle Square Two Fund LP launch?
Squared Circle Square Two Fund LP reports its first sale in Sep 2026, 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 venture capital fund
Raised more than 27% of the 26 venture capital funds based in Minnesota, and more than 66% of all 15,160 that report sales.