Raised
$135K
Investors
31
Min Invest
$100
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AltStreet Analysis
·Generated from EDGAR primary sources
WeFunds Chai II, a series of Wefunds LLC, filed a Form D on 2017-09-28 under Rule 506(b), reporting $135K raised from 31 investors with a $100 minimum investment. The entity is a pooled investment fund organized in Delaware, filed by Michael Norman (Promoter), and is part of the Wefunder platform's SPV structure for pre-IPO investment opportunities.
This pre-IPO pooled investment fund uses the standard Rule 506(b) exemption with a notably low $100 minimum investment, consistent with crowdfunding-era SPV models designed for broad retail participation. The 31-investor count and modest raise size align with single-company special purpose vehicles that aggregate small checks into startup equity, typical of platform-driven deal-by-deal SPVs in the 2015-2017 period.
Data Flags
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
In the Terminal
Filing events
0
none on file
Critical / warning
0 / 0
0 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
closed
Fund family Part of the Wefunds family: 93 vehicles across 13 generations · full family and the filing behind each link in the terminal
Investor
- The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
- The dated record: 11 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Michael Norman
Promoter · Cambridge, MA
Questions About WeFunds Chai II, a series of Wefunds LLC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is WeFunds Chai II, a series of Wefunds LLC?
WeFunds Chai II, a series of Wefunds LLC is a Delaware limited liability company organized in 2016 that filed a Form D with the SEC on September 28, 2017 as a venture capital fund. The filing claims Rule 506(b) for an offering of pooled investment fund interests. AltStreet links the issuer to Wefunder.
Is WeFunds Chai II, a series of Wefunds LLC legit?
AltStreet does not rate legitimacy; it reports the public record. WeFunds Chai II, a series of Wefunds LLC filed a Form D with the SEC on September 28, 2017 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $135,301 sold to 31 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to Wefunder, which AltStreet has reviewed. 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 WeFunds Chai II, a series of Wefunds LLC 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 WeFunds Chai II, a series of Wefunds LLC claimed Rule 506(b) 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 WeFunds Chai II, a series of Wefunds LLC raised?
WeFunds Chai II, a series of Wefunds LLC reported $135,301 sold from 31 investors of a $135,301 total offering as of the Form D filed September 28, 2017.
Who can invest in WeFunds Chai II, a series of Wefunds LLC?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $100.
What is the minimum investment in WeFunds Chai II, a series of Wefunds LLC?
The Form D lists $100 as the minimum investment accepted from any outside investor as of September 28, 2017. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling WeFunds Chai II, a series of Wefunds LLC 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 WeFunds Chai II, a series of Wefunds LLC?
The Form D lists 1 related person: Michael Norman, promoter (Managing Member of Wefunds LLC). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is WeFunds Chai II, a series of Wefunds LLC located?
The issuer's address on its SEC filings is C/O Wefunds LLC, 1 Broadway St. 14th Floor, Cambridge, MA 02142. Its phone number of record is 4014733647. It is organized under the laws of Delaware.
How long is the WeFunds Chai II, a series of Wefunds LLC offering open?
The issuer indicated that the offering is 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 WeFunds Chai II, a series of Wefunds LLC?
The issuer declined to disclose its revenue range on the Form D, which the form permits.
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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.