BSV Fund XI LLC is a venture capital fund based in Dallas, Texas. According to its most recent Form D, filed Mar 18, 2026, it has sold $8,395,500 of interests to 152 investors since its first sale in Jul 2024. The minimum investment it accepts from an outside investor is $3,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Sammy Abdullah; Kevin Vela.
- Total raised
- $8,395,500Cumulative sales reported on Form D
- Investors
- 152
- First sale
- Jul 26, 2024
- Minimum investment
- $3,000
- 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
- Sammy Abdullah; Kevin Vela
- Latest Form D
- Mar 18, 2026
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 BSV Fund XI LLC
What is the minimum investment for BSV Fund XI LLC?
According to its latest Form D, filed Mar 18, 2026, the minimum investment BSV Fund XI LLC accepts from an outside investor is $3,000.
Who can invest in BSV Fund XI LLC?
BSV Fund XI 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 BSV Fund XI LLC raised?
BSV Fund XI LLC reports $8,395,500 sold from 152 investors on its Form D filed Mar 18, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is BSV Fund XI LLC based?
BSV Fund XI LLC is based in Dallas, Texas.
When did BSV Fund XI LLC launch?
BSV Fund XI LLC reports its first sale in Jul 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 81% of the 495 venture capital funds based in Texas, and more than 86% of all 15,160 that report sales.