Hiive Varda Series I a Series of Hiive Varda LLC 2026: Is It Legit? Form D Raise, Investors, Who Is Behind It

Q: What is Hiive Varda Series I a Series of Hiive Varda LLC?

Hiive Varda Series I a Series of Hiive Varda LLC is a Delaware limited liability company that filed a Form D with the SEC on March 5, 2025 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. AltStreet links the issuer to Clarity.

Q: Is Hiive Varda Series I a Series of Hiive Varda LLC legit?

AltStreet does not rate legitimacy; it reports the public record. Hiive Varda Series I a Series of Hiive Varda LLC filed a Form D with the SEC on March 5, 2025 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. The newest notice reports $1,480,000 sold to 29 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to Clarity, 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.

Q: Is Hiive Varda Series I a Series of Hiive Varda 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 Hiive Varda Series I a Series of Hiive Varda 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.

Q: How much has Hiive Varda Series I a Series of Hiive Varda LLC raised?

Hiive Varda Series I a Series of Hiive Varda LLC reported $1,480,000 sold from 29 investors of a $1,480,000 total offering as of the Form D filed March 5, 2025.

Q: Who can invest in Hiive Varda Series I a Series of Hiive Varda 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.

Q: What is the minimum investment in Hiive Varda Series I a Series of Hiive Varda 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.

Q: Who is selling Hiive Varda Series I a Series of Hiive Varda 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.

Q: Who is behind Hiive Varda Series I a Series of Hiive Varda LLC?

The Form D lists 2 related persons: Sydecar LLC, director (Administrator of the Issuer); Brett Sagan, executive officer (Officer of the Issuer's Administrator). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Q: Where is Hiive Varda Series I a Series of Hiive Varda LLC located?

The issuer's address on its SEC filings is 2093 Philadelphia Pike, 5885, Claymont, DE 19703. Its phone number of record is (360) 946-0604. It is organized under the laws of Delaware.

Q: How long is the Hiive Varda Series I a Series of Hiive Varda 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.

AltStreetEDGAR DatabaseClarityHiive Varda Series I a Series of Hiive Varda LLC
SEC filing record
Primary Source · SEC.gov
Hiive Varda Series I a Series of Hiive Varda LLCSingle-Deal SPV2025 vintage506(b), 3(c)(1)
Latest signalNew Form D filerForm D · 2025-03-05Last filing 2025-03-05
ClarityFull Review
Raised
$1M
Investors
29
Min Invest
None stated
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AltStreet Analysis
·Generated from EDGAR primary sources
Hiive Varda Series I, a series of Hiive Varda LLC, filed Form D on March 5, 2025, reporting $1.5M raised from 29 investors under Rule 506(b) and Section 3(c)(1). The offering has no stated minimum investment and is managed by LLC Sydecar with executive officer Brett Sagan. This is part of the Hiive platform, which operates 69 related EDGAR entities focused on private equity pooled investment structures.
This pooled investment fund uses the standard 506(b)/3(c)(1) exemption pattern typical of private equity SPVs and micro-funds. The $0 minimum investment threshold is unusual for institutional private equity structures and suggests broad retail or accredited investor distribution, contrasting with typical offerings that impose minimums of $25K-$100K.
Data Flags
first_sale_dateFirst sale date not disclosed; filing date is March 2025 but vintage year cannot be determined
investor_count29 investors in a $1.5M raise yields an average check size of ~$52K, indicating small ticket pooled investment structure
EDGAR Filing Data
Form D — Primary Source
View on SEC.gov 
CIK Number0002058943
Entity NameHiive Varda Series I a Series of Hiive Varda 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 Address2093 Philadelphia Pike, 5885, Claymont, DE 19703
Phone(360) 946-0604
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
First Sale Date—
Filing DateMarch 5, 2025
Accession Number0002058943-25-000001
Total Offering Amount$1,480,000
Total Amount Sold$1,480,000
Amount Remaining$0
Total Investors29
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationOne year or less
Sales Commissions$0
Finders' Fees$0
Revenue RangeDecline to Disclose
State (Issuer Address)DE
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 5, 20250002058943-25-000001
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latest Mar 5, 2025
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0 watch · 1 info
Statements extracted
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NAV prints
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Offering chains
1
closed
Latest event New filer · Mar 5, 2025
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Adviser of Record (Form ADV)
Clarity Investment Management INC.CRD 335888 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a private equity 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.
Sydecar LLC
Director · Claymont, DE
Brett Sagan
Executive Officer · Claymont, DE
Questions About Hiive Varda Series I a Series of Hiive Varda LLC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Hiive Varda Series I a Series of Hiive Varda LLC?Hiive Varda Series I a Series of Hiive Varda LLC is a Delaware limited liability company that filed a Form D with the SEC on March 5, 2025 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. AltStreet links the issuer to Clarity.
Is Hiive Varda Series I a Series of Hiive Varda LLC legit?AltStreet does not rate legitimacy; it reports the public record. Hiive Varda Series I a Series of Hiive Varda LLC filed a Form D with the SEC on March 5, 2025 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. The newest notice reports $1,480,000 sold to 29 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to Clarity, 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 Hiive Varda Series I a Series of Hiive Varda 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 Hiive Varda Series I a Series of Hiive Varda 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 Hiive Varda Series I a Series of Hiive Varda LLC raised?Hiive Varda Series I a Series of Hiive Varda LLC reported $1,480,000 sold from 29 investors of a $1,480,000 total offering as of the Form D filed March 5, 2025.
Who can invest in Hiive Varda Series I a Series of Hiive Varda 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 Hiive Varda Series I a Series of Hiive Varda 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 Hiive Varda Series I a Series of Hiive Varda 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 Hiive Varda Series I a Series of Hiive Varda LLC?The Form D lists 2 related persons: Sydecar LLC, director (Administrator of the Issuer); Brett Sagan, executive officer (Officer of the Issuer's Administrator). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Hiive Varda Series I a Series of Hiive Varda LLC located?The issuer's address on its SEC filings is 2093 Philadelphia Pike, 5885, Claymont, DE 19703. Its phone number of record is (360) 946-0604. It is organized under the laws of Delaware.
How long is the Hiive Varda Series I a Series of Hiive Varda 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 Hiive Varda Series I a Series of Hiive Varda LLC?The issuer declined to disclose its revenue range on the Form D, which the form permits.
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Parent Platform
Clarity
Pre Ipo - Est. 2021
Min invest$25,000
EligibilityAccredited Only
LiquidityLocked
AuditUnknown
Lowest platform minimum — individual offerings may vary
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Sponsor EDGAR Footprint
Entities on EDGAR158
Total raised$869M
Total investors9,762
Vintages2024–2026
Aggregated across this platform's Form D entities tracked by AltStreet. Source: SEC EDGAR.
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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.