Xfund 3, L.P. is a venture capital fund based in Palo Alto, California. According to its most recent Form D, filed Sep 3, 2020, it has sold $120,000,000 of interests to 43 investors since its first sale in Apr 2019. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Xfund Management Company, LLC; Brandon Farwell; Patrick Chung.
- Total raised
- $120,000,000Cumulative sales reported on Form D
- Investors
- 43
- First sale
- Apr 18, 2019
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Xfund Management Company, LLC; Brandon Farwell; Patrick Chung
- Latest Form D
- Sep 3, 2020
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 Xfund 3, L.P.
What is the minimum investment for Xfund 3, L.P.?
Xfund 3, L.P.'s latest Form D, filed Sep 3, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Xfund 3, L.P.?
Xfund 3, L.P. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Xfund 3, L.P. raised?
Xfund 3, L.P. reports $120,000,000 sold from 43 investors on its Form D filed Sep 3, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Xfund 3, L.P. based?
Xfund 3, L.P. is based in Palo Alto, California.
When did Xfund 3, L.P. launch?
Xfund 3, L.P. reports its first sale in Apr 2019.
Size compared with every venture capital fund
Raised more than 95% of the 2,226 venture capital funds based in California, and more than 98% of all 14,875 that report sales.