Pando Ventures Fund I SPV IV, LLC
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
Pre-open
Investors
—
Min Invest
None stated
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What this filing shows
·Every sentence is a value as filed on SEC Form D
Pando Ventures Fund I SPV IV, LLC is a Delaware limited liability company that filed a Form D with the SEC on April 20, 2026, describing itself as a venture capital fund. The offering claims Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) and covers pooled investment fund interests. Pando Ventures Fund I SPV IV, LLC reported that the first sale had not yet occurred as of the Form D filed April 20, 2026, 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. The filing checks both Section 3(c)(1), which caps the fund at 100 beneficial owners, and Section 3(c)(7), which requires every investor to be a qualified purchaser, generally an individual with at least $5 million in investments. A fund normally relies on one or the other. 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. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates. The issuer's address of record is 2755 E Cottonwood Parkway, Suite 540, Salt Lake City, UT 84121.
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
1
latest Apr 20, 2026
Critical / warning
0 / 0
0 watch · 1 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
pre_sale
Latest event New filer · Apr 20, 2026
SEC.govFund 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
- The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
- 1 filing event with values and deltas, latest 2026-04-20, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Pando Ventures GP LLC
Promoter · Salt Lake City, UT
Manager of the Issuer
Frame VC LLC
Promoter · Salt Lake City, UT
Manager of the Managing Member of the Issuer
Scott Carman
Promoter · Salt Lake City, UT
Managing Member of the Manager of the Managing Member of the Issuer
Robert Hennefer
Promoter · Salt Lake City, UT
Managing Member of the Manager of the Managing Member of the Issuer
Questions About Pando Ventures Fund I SPV IV, 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 IV, LLC?
Pando Ventures Fund I SPV IV, LLC is a Delaware limited liability company that filed a Form D with the SEC on April 20, 2026 as a venture capital fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) for an offering of pooled investment fund interests.
Is Pando Ventures Fund I SPV IV, LLC legit?
AltStreet does not rate legitimacy; it reports the public record. Pando Ventures Fund I SPV IV, LLC filed a Form D with the SEC on April 20, 2026 claiming Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7). 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 IV, 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 IV, LLC claimed Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) 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 IV, LLC raised?
Pando Ventures Fund I SPV IV, LLC reported that the first sale had not yet occurred as of the Form D filed April 20, 2026, 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 IV, 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 checks both Section 3(c)(1), which caps the fund at 100 beneficial owners, and Section 3(c)(7), which requires every investor to be a qualified purchaser, generally an individual with at least $5 million in investments. A fund normally relies on one or the other. 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 IV, 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 IV, 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 Pando Ventures Fund I SPV IV, LLC?
The Form D lists 4 related persons: Pando Ventures GP LLC, promoter (Manager of the Issuer); Frame VC LLC, promoter (Manager of the Managing Member of the Issuer); Scott Carman, promoter (Managing Member of the Manager of the Managing Member of the Issuer); Robert Hennefer, promoter (Managing Member of the Manager of the Managing Member 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 IV, LLC located?
The issuer's address on its SEC filings is 2755 E Cottonwood Parkway, Suite 540, Salt Lake City, UT 84121. 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 IV, 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 IV, 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.