Breakthrough Ventures Fund 1, Limited Partnership is a venture capital fund based in Casper, Wyoming. According to its most recent Form D, filed Oct 24, 2024, it has sold $5,951,000 of interests to 17 investors since its first sale in May 2024. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Breakthrough Venture Capital, LLC; Garrett Goostree; Eric Schlidt.
- Total raised
- $5,951,000Cumulative sales reported on Form D
- Investors
- 17
- First sale
- May 2, 2024
- 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
- Breakthrough Venture Capital, LLC; Garrett Goostree; Eric Schlidt
- Latest Form D
- Oct 24, 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 Breakthrough Ventures Fund 1, Limited Partnership
What is the minimum investment for Breakthrough Ventures Fund 1, Limited Partnership?
Breakthrough Ventures Fund 1, Limited Partnership's latest Form D, filed Oct 24, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Breakthrough Ventures Fund 1, Limited Partnership?
Breakthrough Ventures Fund 1, Limited Partnership 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 Breakthrough Ventures Fund 1, Limited Partnership raised?
Breakthrough Ventures Fund 1, Limited Partnership reports $5,951,000 sold from 17 investors on its Form D filed Oct 24, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Breakthrough Ventures Fund 1, Limited Partnership based?
Breakthrough Ventures Fund 1, Limited Partnership is based in Casper, Wyoming.
When did Breakthrough Ventures Fund 1, Limited Partnership launch?
Breakthrough Ventures Fund 1, Limited Partnership reports its first sale in May 2024, 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 76% of the 41 venture capital funds based in Wyoming, and more than 84% of all 15,160 that report sales.