Basis Set Minds, LP is a venture capital fund based in Menlo Park, California. According to its most recent Form D, filed Jun 4, 2025, it has sold $24,500,000 of interests to 6 investors since its first sale in Apr 2025. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include General Partner BSV Holdings I GP LLC; Xuezhao Lan.
- Total raised
- $24,500,000Cumulative sales reported on Form D
- Investors
- 6
- First sale
- Apr 30, 2025
- 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
- General Partner BSV Holdings I GP LLC; Xuezhao Lan
- Latest Form D
- Jun 4, 2025
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 Basis Set Minds, LP
What is the minimum investment for Basis Set Minds, LP?
Basis Set Minds, LP's latest Form D, filed Jun 4, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Basis Set Minds, LP?
Basis Set Minds, LP 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 Basis Set Minds, LP raised?
Basis Set Minds, LP reports $24,500,000 sold from 6 investors on its Form D filed Jun 4, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Basis Set Minds, LP based?
Basis Set Minds, LP is based in Menlo Park, California.
When did Basis Set Minds, LP launch?
Basis Set Minds, LP reports its first sale in Apr 2025, 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 84% of the 2,268 venture capital funds based in California, and more than 93% of all 15,160 that report sales.