DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Funds / Fundersclub 386 LLC
Fundersclub 386 LLC
Amounts, each with its basis
- Vintage
- 2019basis: 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
- $356,768what may be sold, not what was raised; file 021-356821, sworn by the adviser or filed under this vehicle
- Form D sold
- $356,768as of the filing of Dec 31, 2019, 57 investors
- First sale
- Dec 16, 2019
- Reported GAV
- $305,557on the Form ADV filed Mar 30, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 57
- Reported on ADV
- Mar 30, 2020 to Mar 30, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2019-12-31: the stated $356,768 offering reported fully sold (fr-1)
evidence dated Dec 31, 2019. A 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.
Lifecycle
Mature
vintage 4 to 7 years
age years: 7first sale: 2019-12-16vintage year: $2,019adv gav as of: 2024-03-30vintage basis: form_d_first_saleform d sold usd: $356,768form d offering usd: $356,768form d latest filed at: 2019-12-31
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2020 | Venture Capital Fund | $295,802 | 57 | $768 | 0% | no | |
| Mar 31, 2021 | Venture Capital Fund | $329,038 | 57 | $768 | 0% | no | |
| Mar 30, 2022 | Venture Capital Fund | $310,076 | 57 | $768 | 0% | no | |
| Mar 31, 2023 | Venture Capital Fund | $308,789 | 57 | $768 | 0% | no | |
| Mar 30, 2024 | Venture Capital Fund | $305,557 | 57 | $768 | 0% | no |
Principals and agents
4 principals on Form D, 0 placement agents
- Fundersclub Management LLC Director
- Fundersclub Inc. Director
- Boris Silver Executive Officer/Director
- Alexander Mittal Executive Officer/Director
Limited partners and their reported performance
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.
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
2 events
- Mar 30, 2020Fundersclub 386 LLC first reported on Form ADV by Fundersclub Inc. (Venture Capital Fund), GAV $295,802Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 31, 2019FundersClub 386 LLC filed Form D: $356,768 sold of $356,768, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Liability Company Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $356,768 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $356,768 Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $356,768 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $356,768 Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1 Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2019-12-16 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2019-12-16 Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 57 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 57 Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 768 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 768 Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 237 KEARNY ST. #424, SAN FRANCISCO, CA, 94108 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 237 KEARNY ST. #424, SAN FRANCISCO, CA, 94108 Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Dec 31, 2019 Fact SEC EDGAR Form D data sets (quarterly)