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EDGAR Verified
Primary Source · SEC.gov

EquityZen Growth Technology Fund LLC - Series 397

CIK 0001775133Single-Deal SPV2019 vintage506(b), 3(c)(1)

Raised

$2M

Investors

59

Min Invest

$10,000

AltStreet Analysis

·

Generated from EDGAR primary sources

EquityZen Growth Technology Fund LLC - Series 397 is a Delaware-organized pooled investment vehicle filed by EquityZen Advisors LLC on 2019-07-25, raising $1.7M from 59 investors under Rule 506(b) and Section 3(c)(1) exemptions. The fund requires a $10K minimum investment and is part of the EquityZen platform, which operates nearly 1,900 pre-IPO investment vehicles.

This pre-IPO fund uses the standard 506(b)/3(c)(1) exemption pairing typical of small pooled vehicles targeting accredited investors in private company shares. The $10K minimum investment threshold is characteristic of retail-accessible alternative investment platforms, substantially lower than traditional institutional pre-IPO funds which typically require $100K+ minimums.

Data Flags

general59 investors contributing $1.7M yields an average investment of approximately $28.8K per investor, suggesting concentration near the $10K minimum with potential clustering behavior typical of platform-mediated offerings

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001775133
Entity NameEquityZen Growth Technology Fund LLC - Series 397
Exemption506(b), 3(c)(1)
First Sale Date—
Filing DateJuly 25, 2019
Accession Number0001775133-19-000001
Total Amount Sold$2M
Total Investors59
Minimum Investment$10,000
Securities TypeEquity, Pooled Investment Fund
State of IncorporationNot specified
Amendment CountOriginal filing only

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

EquityZen Advisors LLC

Executive Officer, Director · New York, NY

Richard Thoms

Executive Officer · Salt Lake City, UT

Assure Fund Management II LLC

Director · Salt Lake City, UT

Philip Haslett

Executive Officer, Director · New York, NY

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.