SEC filing record
Primary Source · SEC.gov

Pando Ventures Fund I SPV LLC

Fund Vehicle2022 vintageRule 506(b), Section 3(c), Section 3(c)(1)Filing record

Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.

Raised

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Investors

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Min Invest

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What this filing shows

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Every sentence is a value as filed on SEC Form D

Pando Ventures Fund I SPV LLC is a Delaware limited liability company that filed a Form D with the SEC on October 6, 2022, describing itself as a venture capital fund. The offering claims Rule 506(b), Section 3(c), Section 3(c)(1) and covers pooled investment fund interests. Pando Ventures Fund I SPV LLC reported that the first sale had not yet occurred as of the Form D filed October 6, 2022, so no amount sold or investor count is on file. The total offering amount is listed as indefinite. 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. 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 filing lists the minimum investment as $0, meaning no minimum was stated. The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. The issuer's address of record is 1716 E. Burning Oak Drive, Draper, UT 84020.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001949566
Entity NamePando Ventures Fund I SPV LLC
ExemptionRule 506(b), Section 3(c), Section 3(c)(1)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. 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 Liability Company
Jurisdiction of OrganizationDelaware
Issuer Address1716 E. Burning Oak Drive, Draper, UT 84020
Phone(801) 821-6673
Industry / Fund TypePooled Investment Fund · Venture Capital Fund
Investment Company ActExcluded under Section 3(c)(1) (100 beneficial owners or fewer)
Securities TypePooled investment fund interests
First Sale DateNot yet occurred (as filed)
Filing DateOctober 6, 2022
Accession Number0001949566-22-000001
Total Offering AmountIndefinite
Total Amount Sold$0 (no sales yet)
Total Investors0 (no sales yet)
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationOne year or less
Revenue RangeDecline to Disclose
State (Issuer Address)UT
Amendment CountOriginal filing only

Filings on Record

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

In the Terminal

Filing events

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Statements extracted

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none on file

NAV prints

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none on file

Offering chains

1

pre_sale

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Fund family Part of the Pando Ventures Fund family: 5 vehicles across 4 generations · full family and the filing behind each link in the terminal

Investor

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  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Adviser of Record (Form ADV)

Frame Vc LLC

CRD 326916 · exempt reporting adviser · lists this fund on Schedule D 7.B.(1) as a venture capital fund

From the adviser's Form ADV as loaded from the SEC bulk data, joined on this issuer's Form D file number. Fund-level figures and the adviser's full fund roster are in the terminal.

Related Persons (Form D)

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

MANAGER PANDO VENTURES GP LLC

Promoter · DRAPER, UT

MANAGER OF THE ISSUER

SCOTT CARMAN

Promoter · DRAPER, UT

MANAGER OF THE MANAGER OF THE ISSUER

Questions About Pando Ventures Fund I SPV LLC

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

What is Pando Ventures Fund I SPV LLC?

Pando Ventures Fund I SPV LLC is a Delaware limited liability company that filed a Form D with the SEC on October 6, 2022 as a venture capital fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(1) for an offering of pooled investment fund interests.

Is Pando Ventures Fund I SPV LLC legit?

AltStreet does not rate legitimacy; it reports the public record. Pando Ventures Fund I SPV LLC filed a Form D with the SEC on October 6, 2022 claiming Rule 506(b), Section 3(c), Section 3(c)(1). A Form D is a notice of an exempt offering, not a review or approval of it. No sales had been reported as of that notice. 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 Pando Ventures Fund I SPV 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 Pando Ventures Fund I SPV LLC claimed Rule 506(b), 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 Pando Ventures Fund I SPV LLC raised?

Pando Ventures Fund I SPV LLC reported that the first sale had not yet occurred as of the Form D filed October 6, 2022, so no amount sold or investor count is on file. The total offering amount is listed as indefinite.

Who can invest in Pando Ventures Fund I SPV 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. 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 filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in Pando Ventures Fund I SPV LLC?

The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.

Who is selling Pando Ventures Fund I SPV 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.

Who is behind Pando Ventures Fund I SPV LLC?

The Form D lists 2 related persons: MANAGER PANDO VENTURES GP LLC, promoter (MANAGER OF THE ISSUER); SCOTT CARMAN, promoter (MANAGER OF THE MANAGER OF THE ISSUER). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Pando Ventures Fund I SPV LLC located?

The issuer's address on its SEC filings is 1716 E. Burning Oak Drive, Draper, UT 84020. Its phone number of record is 801-821-6673. It is organized under the laws of Delaware.

How long is the Pando Ventures Fund I SPV LLC 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 Pando Ventures Fund I SPV 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.