Web3 Magic Fund I LP is a venture capital fund based in Fremont, California. According to its most recent Form D, filed Nov 10, 2022, it has sold $1,725,000 of interests to 16 investors since its first sale in May 2022. The minimum investment it accepts from an outside investor is $25,000. 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. Related persons named in the filing include Simar Mangat; Web3 Magic Fund I GP LLC.
- Total raised
- $1,725,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- May 19, 2022
- Minimum investment
- $25,000
- 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
- Simar Mangat; Web3 Magic Fund I GP LLC
- Latest Form D
- Nov 10, 2022
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 Web3 Magic Fund I LP
What is the minimum investment for Web3 Magic Fund I LP?
According to its latest Form D, filed Nov 10, 2022, the minimum investment Web3 Magic Fund I LP accepts from an outside investor is $25,000.
Who can invest in Web3 Magic Fund I LP?
Web3 Magic 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 Web3 Magic Fund I LP raised?
Web3 Magic Fund I LP reports $1,725,000 sold from 16 investors on its Form D filed Nov 10, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Web3 Magic Fund I LP based?
Web3 Magic Fund I LP is based in Fremont, California.
When did Web3 Magic Fund I LP launch?
Web3 Magic Fund I LP reports its first sale in May 2022.
Size compared with every venture capital fund
Raised more than 55% of the 2,224 venture capital funds based in California, and more than 69% of all 14,840 that report sales.