Form D · Venture Capital Fund

HMC Needles I, L.P.

Seattle, WA · CIK 0001892751

Offering snapshot reported Jan 13, 2025 · SEC filing

Reported sold: $24M
Investors reported: 58
Minimum accepted: $100K
First sale: Nov 1, 2021

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$18,175,500 → $23,977,600
Reported investors36 → 58

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jan 13, 2025	Amendment	$23,977,600	$5,802,100vs Nov 15, 2021	58	SEC filing
Nov 15, 2021	Initial	$18,175,500	No comparison	36	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C.1
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-421138

Source: Form D, filed Jan 13, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

HMC NEEDLES I, L.P.

Investment adviser: HAYSTACK MANAGEMENT COMPANY, LLC

Gross asset value: $17.3M
Beneficial owners: 56
ADV minimum commitment: $100K

Reported in Form ADV on Mar 13, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Custodian GRASSHOPPER BANK NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

Fund asset history · 4 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2022	$23,778,624	56	Mar 21, 2023
2023	$24,361,748	56	Mar 7, 2024
2024	$17,349,531	56	Feb 27, 2025
2025	$17,349,531	56	Mar 13, 2026

Filing source

Form ADV 2063193 · Mar 13, 2026 · Schedule D 7.B.(1), fund 805-6175666796

Reported by HAYSTACK MANAGEMENT COMPANY, LLC (CRD 292586).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Haystack Needles Gp, Llc N/A	Director
Haystack Management Company, Llc N/A	Director
Semil Shah	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

119 South Main Street Suite 220
Seattle, WA, 98104
Phone: 3603409337