AltStreet
SEC filing record
Primary Source · SEC.gov

OurCrowd (Investment in Billguard - III) L.P.

Single-Deal SPV2015 vintage506(c), 3(c)(1)

Raised

$860K

Investors

27

Min Invest

$10,000

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AltStreet Analysis

·

Generated from EDGAR primary sources

This Form D discloses OurCrowd (Investment in Billguard - III) L.P., a single-deal special purpose vehicle formed to channel investor capital into the company BillGuard. The filing, made by Jonathan Medved, Steven Blumgart, Jay Kalish, and Robert Citron, reports $860K raised from 27 investors at a $10K minimum investment, under combined 506(c) and 3(c)(1) exemptions. No parent platform record is yet matched in the AltStreet database, though the entity name indicates it is part of the OurCrowd investment platform's deal-by-deal SPV series.

This vehicle fits the pattern of a deal-specific feeder SPV common in alternative investment crowdfunding platforms, using a 506(c)/3(c)(1) exemption pairing that allows general solicitation while capping investor count under the Investment Company Act exclusion. A $10K minimum and $860K total raise across 27 investors places it toward the smaller end of SPV sizing, consistent with early-stage venture syndication structures rather than institutional fund vehicles.

Data Flags

State of IncorporationEntity is domiciled in the British Virgin Islands while raising from U.S.-disclosed investors, indicating an offshore SPV structure layered over a domestic solicitation.
ExemptionFiling simultaneously claims 506(c) and 3(c)(1) exemptions, a combination that permits general solicitation while limiting the fund to under 100 investors.
First Sale DateNo first sale date is disclosed despite a sub-$100M raise already showing $860K committed from 27 investors; this is typical for pre-open or initial-filing SPVs but worth noting as incomplete.
Sales CommissionsNo sales commissions are stated despite the offering being conducted under 506(c), which is common for platform-distributed deals but atypical for broker-sold 506(c) raises.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001619945
Entity NameOurCrowd (Investment in Billguard - III) L.P.
ExemptionRule 506(c), Section 3(c), Section 3(c)(1)
What the exemption meansRule 506(c) of Regulation D: the issuer may advertise the offering publicly, but every purchaser must be a verified accredited investor. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(1) of the Investment Company Act: the fund is excluded from investment-company registration because it has no more than 100 beneficial owners.
Entity TypeLimited Partnership
Jurisdiction of OrganizationVirgin Islands, British
Year Organized2014
Issuer AddressDerech Hebron 28, Jerusalem, L3 9108001
Phone972-2-636-9300
Industry / Fund TypePooled Investment Fund · Venture Capital Fund
Investment Company ActExcluded under Section 3(c)(1) (100 beneficial owners or fewer)
Securities TypeEquity, Pooled Investment Fund
First Sale Date—
Filing DateMarch 30, 2015
Accession Number0001619945-15-000001
Total Offering Amount$1,014,054
Total Amount Sold$860,000
Amount Remaining$154,054
Total Investors27
Non-Accredited InvestorsNone
Minimum Investment$10,000
Offering DurationOne year or less
Sales Commissions$0
Finders' Fees$0
Revenue RangeNot Applicable
State (Issuer Address)L3
Amendment CountOriginal filing only

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

DMarch 30, 2015

Related Persons (Form D)

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

Jonathan Medved

Executive Officer, Director · Jerusalem, L3

Steven Blumgart

Executive Officer, Director · Jerusalem, L3

Jay Kalish

Executive Officer · Jerusalem, L3

Robert Citron

Executive Officer · Jerusalem, L3

Questions About OurCrowd (Investment in Billguard - III) L.P.

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is OurCrowd (Investment in Billguard - III) L.P.?

OurCrowd (Investment in Billguard - III) L.P. is a Virgin Islands, British limited partnership organized in 2014 that filed a Form D with the SEC on March 30, 2015 as a venture capital fund. The filing claims Rule 506(c), Section 3(c), Section 3(c)(1) for an offering of equity and pooled investment fund interests.

Is OurCrowd (Investment in Billguard - III) L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. OurCrowd (Investment in Billguard - III) L.P. filed a Form D with the SEC on March 30, 2015 claiming Rule 506(c), Section 3(c), Section 3(c)(1). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $860,000 sold to 27 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is OurCrowd (Investment in Billguard - III) L.P. registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that OurCrowd (Investment in Billguard - III) L.P. claimed Rule 506(c), Section 3(c), Section 3(c)(1) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has OurCrowd (Investment in Billguard - III) L.P. raised?

OurCrowd (Investment in Billguard - III) L.P. reported $860,000 sold from 27 investors of a $1,014,054 total offering as of the Form D filed March 30, 2015.

Who can invest in OurCrowd (Investment in Billguard - III) L.P.?

The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. Because the fund also relies on Section 3(c)(1), it may have no more than 100 beneficial owners. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $10,000.

What is the minimum investment in OurCrowd (Investment in Billguard - III) L.P.?

The Form D lists $10,000 as the minimum investment accepted from any outside investor as of March 30, 2015. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling OurCrowd (Investment in Billguard - III) L.P. and how are they paid?

The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind OurCrowd (Investment in Billguard - III) L.P.?

The Form D lists 4 related persons: Jonathan Medved, executive officer, director (Mr. Medved is Managing Partner of the General Partner, OurCrowd International General Partner, LP); Steven Blumgart, executive officer, director (Mr. Blumgart is Managing Director of the General Partner); Jay Kalish, executive officer (Mr. Kalish is a Partner and General Counsel of the General Partner); Robert Citron, executive officer (Mr. Citron is CFO of the General Partner). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is OurCrowd (Investment in Billguard - III) L.P. located?

The issuer's address on its SEC filings is Derech Hebron 28, Jerusalem, L3 9108001. Its phone number of record is 972-2-636-9300. It is organized under the laws of Virgin Islands, British.

How long is the OurCrowd (Investment in Billguard - III) L.P. offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

How large is OurCrowd (Investment in Billguard - III) L.P.?

The Form D reports a revenue range of Not Applicable.

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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.