SEC Filing Record

Offering Amount

$0.6M

Strategy

VC

Exemption

06b

Date Filed

May 19, 2026

0002135830-26-000001

View on SEC EDGAR →

37A Read

The dual GP structure—an LLC management entity paired with a named individual (Avantika Daing)—signals a founder-led operation where personal GP commitment is deliberately isolated from corporate liability, a pattern common in emerging managers establishing their first institutional vehicle.

The absence of prior EDGAR filings from this manager indicates this is a maiden fund, meaning the $1M target represents the GP's initial capital-raise test; the 06b exemption choice (pre-existing relationships only) confirms reliance on founder networks rather than broad LP outreach at this stage.

A May 2026 filing for a $1M venture vehicle enters a period of persistent capital deployment challenges in early-stage VC, where micro-funds face structural headwinds in fund economics and LP appetite, making this raise timing counterintuitive unless tied to a specific geographic or sector thesis.

Before committing, verify whether this filing is a true first close or a placeholder for a larger vintage that may re-file under a different exemption; confirm key-man insurance and removal/replacement provisions for Daing, as single-founder vehicles typically have binary risk profiles.

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Principals

General Partners & Executives

LLC PAVC Management Avantika Daing

PAVC Syndicate 12, LLC