SP Hypernova III, LLC
SP Hypernova III, LLC is a venture capital fund based in Fort Worth, Texas. According to its most recent Form D, filed Jun 2, 2022, it has sold $3,973,000 of interests to 119 investors since its first sale in May 2022. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Apurva Mehta; SP Hypernova GP, LLC; Patrick O'Connor.
- Total raised
- $3,973,000Cumulative sales reported on Form D
- Investors
- 119
- First sale
- May 20, 2022
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Apurva Mehta; SP Hypernova GP, LLC; Patrick O'Connor
- Latest Form D
- Jun 2, 2022
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 SP Hypernova III, LLC
What is the minimum investment for SP Hypernova III, LLC?
SP Hypernova III, LLC's latest Form D, filed Jun 2, 2022, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SP Hypernova III, LLC?
SP Hypernova III, LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has SP Hypernova III, LLC raised?
SP Hypernova III, LLC reports $3,973,000 sold from 119 investors on its Form D filed Jun 2, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is SP Hypernova III, LLC based?
SP Hypernova III, LLC is based in Fort Worth, Texas.
When did SP Hypernova III, LLC launch?
SP Hypernova III, LLC reports its first sale in May 2022.
Size compared with every venture capital fund
Raised more than 69% of the 483 venture capital funds based in Texas, and more than 79% of all 14,732 that report sales.