Tone LLC is a private investment fund based in Provo. According to its most recent Form D, filed Apr 16, 2026, it has sold $3,500,000 of interests to 11 investors since its first sale in May 2025. The minimum investment it accepts from an outside investor is $30,000. 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 Michael Bingham.
- Total raised
- $3,500,000Cumulative sales reported on Form D
- Investors
- 11
- First sale
- May 28, 2025
- Minimum investment
- $30,000
- 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
- Michael Bingham
- Latest Form D
- Apr 16, 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 Tone LLC
What is the minimum investment for Tone LLC?
According to its latest Form D, filed Apr 16, 2026, the minimum investment Tone LLC accepts from an outside investor is $30,000.
Who can invest in Tone LLC?
Tone 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 Tone LLC raised?
Tone LLC reports $3,500,000 sold from 11 investors on its Form D filed Apr 16, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Tone LLC based?
Tone LLC is based in Provo.
When did Tone LLC launch?
Tone LLC reports its first sale in May 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).