Public records · SEC EDGAR
Minerva Project, Inc. (CIK 0001546672) has filed five Form D notices of exempt securities offerings. We mirror each original below, with the key figures extracted — and every document links back to its SEC source.
Form D is a notice, not audited financials: each filing covers a single offering and can miss parallel vehicles or offshore tranches. Read it as the company's own sworn account of one fundraise at a time — which is exactly what makes the gaps interesting.
5
Form D filings
$203.46M
Total offered
$85.74M
Total sold at filing
Accession 0001546672-12-000001 · First sale 2012-03-26 · Rule 506 · Equity + Other (Series A Financing)
The Benchmark seed. $25M offered, $16.7M sold at filing — the round press later rounded to $25M.
Offering
$25M
Sold
$16.67M
Investors
1
Signed
Ben Nelson, 2012-04-06
Accession 0001546672-14-000002 · First sale 2014-10-14 · Rule 506(b) · Equity
Series B first close: $45.3M of $78.6M. Press announced a $70M target; the company never filed the remainder — the round stalled at ~70% of target.
Offering
$78.60M
Sold
$45.33M
Investors
6
Signed
Ben Nelson, 2014-11-13
Accession 0001546672-17-000001 · First sale 2017-11-21 · Rule 506(b) · Equity + Options/warrants
$13M sold against a $76M authorized ceiling (17%) — ceilings can be intentional, so read it as authorized-vs-placed, not hit-vs-missed. Prestige directors arrive in this filing: a former ambassador and SpaceX’s COO.
Offering
$75.95M
Sold
$13.00M
Investors
5
Signed
Ben Nelson, 2017-12-04
Accession 0001546672-19-000001 · First sale 2019-06-28 · Rule 506(b) · Equity
Filed the day after the $57M Series C announcement (led by ByteDance). This notice covers one $7.67M fully-sold tranche — not the whole round. TAL rotates founders for its CFO; its founder Bangxin Zhang exits the board.
Offering
$7.67M
Sold
$7.67M
Investors
5
Signed
Ben Nelson, 2019-07-10
Accession 0001546672-22-000001 · First sale 2022-08-18 · Rule 506(b) · Equity
$3.07M placed of $16.24M authorized (19%) across 9 investors — a small raise in absolute terms either way. Both Chinese directors — TAL’s Rong Luo and ByteDance’s Yiming Zhang — are gone. Operating executives appear as officers instead.
Offering
$16.24M
Sold
$3.07M
Investors
9
Signed
Ben Nelson, 2022-09-02
A note on reading these: the "offering" figure is a ceiling the company sets, not a target it must hit — issuers routinely authorize more than they sell or split rounds across vehicles, so a low sold percentage can be intentional. The numbers are facts; the interpretation is yours.
Mirrors are unaltered copies of the EDGAR rendering, saved for permanence — companies can't quietly amend the story, and you don't need to fight EDGAR's viewer. SEC filings are public records; republishing them with attribution is standard practice.
What Form D can't tell you: ownership percentages (private companies don't disclose cap tables), valuations, or offshore money. For the China connection specifically — TAL's founder on the board in 2014, its CFO in 2019, ByteDance's founder in 2019, all gone by 2022 — see ourtwo-boards cross-reference and the money deep dive.
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