OVP-Carbonwave LLC is a venture capital fund based in Norwalk, Connecticut. According to its most recent Form D, filed Nov 21, 2024, it has sold $3,333,333 of interests to 20 investors since its first sale in Jul 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 Orbit Venture Partners LLC; Robert Connors.
- Total raised
- $3,333,333Cumulative sales reported on Form D
- Investors
- 20
- First sale
- Jul 16, 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
- Orbit Venture Partners LLC; Robert Connors
- Latest Form D
- Nov 21, 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 OVP-Carbonwave LLC
What is the minimum investment for OVP-Carbonwave LLC?
OVP-Carbonwave LLC's latest Form D, filed Nov 21, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in OVP-Carbonwave LLC?
OVP-Carbonwave 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 OVP-Carbonwave LLC raised?
OVP-Carbonwave LLC reports $3,333,333 sold from 20 investors on its Form D filed Nov 21, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is OVP-Carbonwave LLC based?
OVP-Carbonwave LLC is based in Norwalk, Connecticut and is managed by Orbit Venture Partners LLC.
When did OVP-Carbonwave LLC launch?
OVP-Carbonwave 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 70% of the 135 venture capital funds based in Connecticut, and more than 78% of all 15,160 that report sales.