AltStreet
EDGAR Verified
Primary Source · SEC.gov

EquityMultiple 196, LLC

CIK 0001975136Single-Deal SPV2023 vintage506(c)
EquityMultipleFull Review

Raised

$4M

Investors

142

Min Invest

$15,000

AltStreet Analysis

·

Generated from EDGAR primary sources

EquityMultiple 196, LLC is a Delaware-based special purpose vehicle filed by executives Charles Clinton and Marious Sjulsen, raising $3.7M from 142 investors under Rule 506(c). The entity is part of the EquityMultiple real estate investment platform, which has 137 related EDGAR entities, and requires a $15K minimum investment.

This real estate SPV uses a 506(c) exemption allowing general solicitation to accredited investors, consistent with online investment platforms. The $15K minimum investment and 142-investor structure reflect a retail-accessible crowdfunding model typical of digital real estate platforms, contrasting with traditional private placements that require six-figure minimums.

Data Flags

first_sale_dateFirst sale date not disclosed on original filing with $3.7M already raised
sales_commissionsNo sales commissions reported on 506(c) offering with 142 investors, unusual for broadly marketed deals
investor_count142 investors contributing $3.7M yields average check size of ~$26K, indicating high retail participation with checks close to the $15K minimum

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001975136
Entity NameEquityMultiple 196, LLC
Exemption506(c)
First Sale Date—
Filing DateSeptember 26, 2023
Accession Number0001975138-23-000002
Total Amount Sold$4M
Total Investors142
Minimum Investment$15,000
Securities TypeEquity
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.

Charles Clinton

Executive Officer · NEW YORK, NY

Marious Sjulsen

Executive Officer · 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.