Series 24-1, a series of StartEngine Private Funds LLC, has filed a new offering under Rule 506(b) to raise up to $4.6 million. This filing is significant as it demonstrates the company's strategy to tap into private investment opportunities.

Background

Series 24-1 is a limited liability company incorporated in Delaware, with a business address in Burbank, California. The company is part of StartEngine Private Funds LLC and focuses on facilitating private offerings. The recent filing is part of its ongoing efforts to engage investors and raise capital.

What the Filing Says

The filing, dated November 5, 2026, indicates that the total offering amount is $4,610,458, with $518,980 already sold. The minimum investment accepted is set at $50,391. As stated in the filing, “Rule 506(b) provides a 'safer harbor' for a private offering.”

Impact

This offering may attract accredited investors looking for alternative investment opportunities. The filing indicates that there are currently seven investors involved, and there are no non-accredited investors participating in this offering.

What's Next

The filing does not say what happens next.

Company Details

Series 24-1 is classified as a limited liability company and was incorporated in 2026. The company operates under the jurisdiction of Delaware, with its principal business address located at 4100 W Alameda Ave, Floor 3, Burbank, California. The company is managed by Howard Marks, who serves as the Executive Officer.

Offering Structure

The offering is structured under Rule 506(b) of the SEC, which allows the company to raise capital from accredited investors without the need for extensive disclosures required in public offerings. The total offering amount is $4,610,458, with a minimum investment requirement of $50,391. As of the filing date, the company has successfully sold $518,980 of the offering, leaving a remaining amount of $4,091,478 available for investment.

Investor Participation

The filing indicates that there are currently seven investors involved in the offering, all of whom are accredited investors. Notably, there are no non-accredited investors participating in this round of funding, which aligns with the regulations set forth under Rule 506(b).

Financial Details

While the filing does not disclose specific revenue figures for Series 24-1, it does indicate that the issuer has chosen to decline to disclose its revenue range. Additionally, the filing specifies that there are no sales commissions or finders' fees associated with this offering, suggesting a direct approach to fundraising.

Next Steps

The filing does not provide details on the specific use of proceeds from the offering or any future plans for the company following the completion of this fundraising effort.