DFX Intelligence
Point 406 Ai, LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
Early deploymentClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
Nothing material in the last 365 days. Last change: 16 Sep 2024, Latest Form D filed on 16 Sep 2024: $5.48M sold of $5.48M offered. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2024basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- $5.5Mwhat may be sold, not what was raised; file 021-506468, sworn by the adviser or filed under this vehicle
- Form D sold
- $5.5Mas of the filing of Sep 16, 2024
- First sale
- Feb 8, 2024
- Reported GAV
- $5.4Mon the Form ADV filed Mar 23, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 3
- Reported on ADV
- Mar 21, 2024 to Mar 23, 2026
Fundraising evidence
What counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.Closed to new capital
Form D filed or amended 2024-09-16: the stated $5.5M offering reported fully sold (fr-1)
evidence dated Sep 16, 2024.
Lifecycle
Early deployment
Lifecycle
vintage within 2 years
age years: 2first sale: Feb 8, 2024vintage year: 2024adv gav as of: Mar 23, 2026vintage basis: Form d first saleform d sold: $5.5Mform d offering: $5.5Mform d latest filed at: Sep 16, 2024
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 21, 2024 | Venture Capital Fund | $5.1M | 3 | $5,000 | 67% | no | |
| Mar 23, 2026 | Venture Capital Fund | $5.4M | 3 | $5,000 | 67% |
Principals and agents
2 principals on Form D, 0 placement agents
- .406 Ventures V GP, LLC Executive Officer
- Liam Donohue Executive Officer
Service providers
1 named on Form ADV Schedule D and Form D
- CustodianBANC OF CALIFORNIA · DURHAM, North Carolina, United StatesForm ADV filed Mar 23, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
3 events
- Sep 16, 2024Point 406 AI, LLC filed Form D/A: $5,482,960 sold of $5,482,960, Venture Capital FundForm D filed Fact Form D
- Mar 21, 2024Point 406 Ai, LLC first reported on Form ADV by 406 Ventures Management, LLC (Venture Capital Fund), GAV $5,065,000Fund first reported on Form ADV Fact Form ADV
- Mar 1, 2024Point 406 AI, LLC filed Form D: no sales yet of $5,065,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Sep 16, 2024 Fact Form D
- Entity type: Limited Liability Company Mar 1, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Sep 16, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Mar 1, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 16, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 1, 2024 Fact Form D
- Amendment: true Sep 16, 2024 Fact Form D
- Amendment: false Mar 1, 2024 Fact Form D
- Revenue range (Form D): Not Applicable Sep 16, 2024 Fact Form D
- Revenue range (Form D): Not Applicable Mar 1, 2024 Fact Form D
- Incorporated: withinFiveYears Sep 16, 2024 Fact Form D
- Incorporated: withinFiveYears Mar 1, 2024 Fact Form D
- Jurisdiction: Delaware Sep 16, 2024 Fact Form D
- Jurisdiction: Delaware Mar 1, 2024 Fact Form D
- Amount sold (Form D): $5.5M Sep 16, 2024 Fact Form D
- Amount sold (Form D): $0 Mar 1, 2024 Fact Form D
- Offering amount (Form D): $5.5M Sep 16, 2024 Fact Form D
- Offering amount (Form D): $5.1M Mar 1, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Sep 16, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Mar 1, 2024 Fact Form D
- First sale: 2024-02-08 Sep 16, 2024 Fact Form D
- Investors (Form D): 0 Sep 16, 2024 Fact Form D
- Investors (Form D): 0 Mar 1, 2024 Fact Form D
- Minimum investment (Form D): 0 Sep 16, 2024 Fact Form D
- Minimum investment (Form D): 0 Mar 1, 2024 Fact Form D
- Securities offered: pooled Sep 16, 2024 Fact Form D
- Securities offered: pooled Mar 1, 2024 Fact Form D
- Office address: Sep 16, 2024 Fact Form D
- Office address: Mar 1, 2024 Fact Form D
- Year of incorporation: 2023 Sep 16, 2024 Fact Form D
- Year of incorporation: 2023 Mar 1, 2024 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Point 406 Ai, LLC is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
3 dated events on the change ledger, latest event first
- Form D filed2024-09-16source on record
- Fund first reported on ADV2024-03-21source on record
- Form D filed2024-03-01source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.