True Equity I-B L.P.
True Equity I-B L.P. is a venture capital fund based in Yarmouth, Maine. According to its most recent Form D, filed Dec 28, 2021, it has sold $3,790,000 of interests to 35 investors since its first sale in Dec 2020. 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. Related persons named in the filing include General Partner True Equity I GP LLC.
- Total raised
- $3,790,000Cumulative sales reported on Form D
- Investors
- 35
- First sale
- Dec 29, 2020
- 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
- General Partner True Equity I GP LLC
- Latest Form D
- Dec 28, 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
Raise history
| Filed | Filing | Total raised | Investors | Source |
|---|---|---|---|---|
| Dec 28, 2021 | Amendment | $3,790,000 | 35 | SEC.gov ↗ |
| Dec 28, 2020 | First notice | $0 | 0 | SEC.gov ↗ |
2 Form D filings in the SEC's electronic records (2008 onward), the earliest on Dec 28, 2020. Each filing reports the cumulative amount sold and the number of investors to that date, as the fund filed it. Not verified, and not the fund's current assets. Source: U.S. Securities and Exchange Commission, Form D data sets.
Questions about True Equity I-B L.P.
What is the minimum investment for True Equity I-B L.P.?
True Equity I-B L.P.'s latest Form D, filed Dec 28, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in True Equity I-B L.P.?
True Equity I-B L.P. 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 True Equity I-B L.P. raised?
True Equity I-B L.P. reports $3,790,000 sold from 35 investors on its Form D filed Dec 28, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is True Equity I-B L.P. based?
True Equity I-B L.P. is based in Yarmouth, Maine.
When did True Equity I-B L.P. launch?
True Equity I-B L.P. reports its first sale in Dec 2020.
Size compared with every venture capital fund
Raised more than 57% of the 7 venture capital funds based in Maine, and more than 79% of all 14,865 that report sales.