BFM Fund I LLC
BFM Fund I LLC is a venture capital fund based in Hampton, Virginia. According to its most recent Form D, filed Oct 28, 2024, it has sold $3,856,000 of interests to 52 investors since its first sale in Nov 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 Himalaya Rao-Potlapally.
- Total raised
- $3,856,000Cumulative sales reported on Form D
- Investors
- 52
- First sale
- Nov 13, 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
- Himalaya Rao-Potlapally
- Latest Form D
- Oct 28, 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 BFM Fund I LLC
What is the minimum investment for BFM Fund I LLC?
BFM Fund I LLC's latest Form D, filed Oct 28, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in BFM Fund I LLC?
BFM Fund I LLC 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 BFM Fund I LLC raised?
BFM Fund I LLC reports $3,856,000 sold from 52 investors on its Form D filed Oct 28, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is BFM Fund I LLC based?
BFM Fund I LLC is based in Hampton, Virginia.
When did BFM Fund I LLC launch?
BFM Fund I LLC reports its first sale in Nov 2020.
Size compared with every venture capital fund
Raised more than 79% of the 142 venture capital funds based in Virginia, and more than 79% of all 15,160 that report sales.