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EDGAR Verified
Primary Source · SEC.gov

Hiive Perplexity Series I a Series of Hiive Perplexity LLC

CIK 0002046382Single-Deal SPV2024 vintage506(b), 3(c)(1)
HiiveFull Review

Raised

$2M

Investors

48

Min Invest

$0

AltStreet Analysis

·

Generated from EDGAR primary sources

Hiive Perplexity Series I, a series of Hiive Perplexity LLC, filed Form D on November 27, 2024, reporting $2.1M raised from 48 investors under Rule 506(b) and Section 3(c)(1). The offering has no stated minimum investment and is structured as a pooled investment fund. This entity is part of the Hiive platform, which manages 69 related EDGAR entities focused on private equity investments.

This 506(b) offering operates as a private placement exempt from general solicitation, typical for pooled investment vehicles targeting accredited investors. The $0 minimum investment threshold combined with 48 investors suggests a low barrier to entry compared to traditional private equity funds, which typically enforce minimums of $25K-$250K for similar-sized raises.

Data Flags

minimumInvestment$0 stated minimum on a $2.1M raise with 48 investors suggests intentionally low barrier to entry; average investment only ~$44K
firstSaleDateFirst sale date not disclosed in filing, preventing vintage year determination and timeline verification
generalEntity name references 'Perplexity' (likely the AI search company), following pattern of other Hiive series targeting specific portfolio companies (e.g., multiple Anthropic series)

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002046382
Entity NameHiive Perplexity Series I a Series of Hiive Perplexity LLC
Exemption506(b), 3(c)(1)
First Sale Date—
Filing DateNovember 27, 2024
Accession Number0002046382-24-000001
Total Amount Sold$2M
Total Investors48
Minimum Investment$0 (no stated minimum)
Securities TypePooled 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.

Sydecar LLC

Director · Claymont, DE

Brett Sagan

Executive Officer · Claymont, DE

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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. AltStreet analysis (summaries, flags, category context) is generated by Claude from this primary source data and reviewed for accuracy. Platform-provided information (if present) is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. EDGAR data is verified read-only — platforms may request factual corrections for demonstrable inaccuracies by contacting research@altstreet.investments. This page does not constitute investment advice.