Gravity Fund II LP is a venture capital fund based in Minneapolis, Minnesota. According to its most recent Form D, filed Oct 16, 2024, it has sold $6,225,000 of interests to 7 investors since its first sale in Sep 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 Seth DeGroot; Adam Gruver; xxx Gravity Venture Partners, LLC.
- Total raised
- $6,225,000Cumulative sales reported on Form D
- Investors
- 7
- First sale
- Sep 11, 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
- Seth DeGroot; Adam Gruver; xxx Gravity Venture Partners, LLC
- Latest Form D
- Oct 16, 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 Gravity Fund II LP
What is the minimum investment for Gravity Fund II LP?
Gravity Fund II LP's latest Form D, filed Oct 16, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Gravity Fund II LP?
Gravity Fund II LP 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 Gravity Fund II LP raised?
Gravity Fund II LP reports $6,225,000 sold from 7 investors on its Form D filed Oct 16, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Gravity Fund II LP based?
Gravity Fund II LP is based in Minneapolis, Minnesota.
When did Gravity Fund II LP launch?
Gravity Fund II LP reports its first sale in Sep 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 42% of the 26 venture capital funds based in Minnesota, and more than 84% of all 15,160 that report sales.