Biscayne 31, LLC is a venture capital fund based in Dover, Delaware. According to its most recent Form D, filed Dec 16, 2021, it has sold $1,641,800 of interests to 29 investors since its first sale in Jul 2021. The minimum investment it accepts from an outside investor is $10,000. 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 Biscayne 31 Managing Member, LLC; Razzy Ghomeshi.
- Total raised
- $1,641,800Cumulative sales reported on Form D
- Investors
- 29
- First sale
- Jul 13, 2021
- Minimum investment
- $10,000
- 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
- Biscayne 31 Managing Member, LLC; Razzy Ghomeshi
- Latest Form D
- Dec 16, 2021
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 Biscayne 31, LLC
What is the minimum investment for Biscayne 31, LLC?
According to its latest Form D, filed Dec 16, 2021, the minimum investment Biscayne 31, LLC accepts from an outside investor is $10,000.
Who can invest in Biscayne 31, LLC?
Biscayne 31, 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 Biscayne 31, LLC raised?
Biscayne 31, LLC reports $1,641,800 sold from 29 investors on its Form D filed Dec 16, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Biscayne 31, LLC based?
Biscayne 31, LLC is based in Dover, Delaware.
When did Biscayne 31, LLC launch?
Biscayne 31, LLC reports its first sale in Jul 2021.
Size compared with every venture capital fund
Raised more than 81% of the 4,670 venture capital funds based in Delaware, and more than 68% of all 14,835 that report sales.