NextGen Octopus LLC is a venture capital fund based in Baltimore, Maryland. According to its most recent Form D, filed Mar 18, 2021, it has sold $1,000,000 of interests to 20 investors since its first sale in Mar 2019. 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 Daniel Mindus; David Churchill; Michael Hankin.
- Total raised
- $1,000,000Cumulative sales reported on Form D
- Investors
- 20
- First sale
- Mar 13, 2019
- 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
- Daniel Mindus; David Churchill; Michael Hankin
- Latest Form D
- Mar 18, 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 NextGen Octopus LLC
What is the minimum investment for NextGen Octopus LLC?
NextGen Octopus LLC's latest Form D, filed Mar 18, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in NextGen Octopus LLC?
NextGen Octopus 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 NextGen Octopus LLC raised?
NextGen Octopus LLC reports $1,000,000 sold from 20 investors on its Form D filed Mar 18, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is NextGen Octopus LLC based?
NextGen Octopus LLC is based in Baltimore, Maryland.
When did NextGen Octopus LLC launch?
NextGen Octopus LLC reports its first sale in Mar 2019.
Size compared with every venture capital fund
Raised more than 64% of the 88 venture capital funds based in Maryland, and more than 60% of all 14,820 that report sales.