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 / XC Saltmine - a, LLC

XC Saltmine - a, LLC

MatureUnknownFundADV: Venture Capital FundXplorer Capital Management, LLCDelaware
Amounts, each with its basis
Vintage
2020basis: 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
indefinitewhat may be sold, not what was raised; joined by exact issuer name, corroborated by the general partner the adviser swears for this fund, not sworn by the adviser (confidence 0.85); file 021-397166
Form D sold
$510,000as of the filing of Apr 26, 2021, 6 investors
First sale
Dec 23, 2020
Reported GAV
$500,000on the Form ADV filed May 17, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
6
Reported on ADV
Mar 26, 2021 to May 17, 2024
Fundraising evidence
Unknown
latest Form D 2021-04-26, older than 15 months (fr-1)
evidence dated Apr 26, 2021. 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: 6first sale: 2020-12-23vintage year: $2,020adv gav as of: 2024-05-17vintage basis: form_d_first_saleform d sold usd: $510,000form d offering usd: n/aform d latest filed at: 2021-04-26
The fund's own reporting through time
6 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 26, 2021Venture Capital Fund$551,000
9$50,00040%no
Mar 31, 2022Venture Capital Fund$659,500
6$50,00040%no
Mar 31, 2023Venture Capital Fund$500,000
6$50,00040%no
May 25, 2023Venture Capital Fund$500,000
6$50,00040%no
Mar 29, 2024Venture Capital Fund$500,000
6$50,00040%no
May 17, 2024Venture Capital Fund$500,000
6$50,00040%no
Principals and agents
2 principals on Form D, 0 placement agents
  • Xplorer Capital Fund III GP, LLC Executive Officer
  • Keith Nilsson Executive Officer
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
  1. Apr 26, 2021
    XC Saltmine - A, LLC filed Form D: $510,000 sold (indefinite offering), Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  2. Mar 26, 2021
    XC Saltmine - a, LLC first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $551,000
    Fund 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)
Evidence
16 observations
Every observation on this vehicle