Vermilion Cliffs Ventures Fund I, LP is a venture capital fund based in Salt Lake City, Utah. According to its most recent Form D, filed Oct 16, 2024, it has sold $13,080,000 of interests to 16 investors since its first sale in Mar 2023. The minimum investment it accepts from an outside investor is $50,000. 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 Ashley Smith.
- Total raised
- $13,080,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Mar 10, 2023
- Minimum investment
- $50,000
- 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
- Ashley Smith
- Latest Form D
- Oct 16, 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 Vermilion Cliffs Ventures Fund I, LP
What is the minimum investment for Vermilion Cliffs Ventures Fund I, LP?
According to its latest Form D, filed Oct 16, 2024, the minimum investment Vermilion Cliffs Ventures Fund I, LP accepts from an outside investor is $50,000.
Who can invest in Vermilion Cliffs Ventures Fund I, LP?
Vermilion Cliffs Ventures Fund I, 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 Vermilion Cliffs Ventures Fund I, LP raised?
Vermilion Cliffs Ventures Fund I, LP reports $13,080,000 sold from 16 investors on its Form D filed Oct 16, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Vermilion Cliffs Ventures Fund I, LP based?
Vermilion Cliffs Ventures Fund I, LP is based in Salt Lake City, Utah.
When did Vermilion Cliffs Ventures Fund I, LP launch?
Vermilion Cliffs Ventures Fund I, LP reports its first sale in Mar 2023, 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 72% of the 120 venture capital funds based in Utah, and more than 90% of all 15,160 that report sales.