Form D · Other

NMI Topco, LLC

San Francisco, CA · CIK 0001947728

Offering snapshot reported Jan 7, 2026 · SEC filing

Reported sold
$18.2M
Indefinite offering
Investors reported
49
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Feb 26, 2022
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$27.1M$54.2MJan 6, 2023: $54,180,537.00Jan 6, 2023Jan 5, 2024: $15,839,234.00Jan 5, 2024Jan 6, 2025: $19,696,137.00Jan 6, 2025Jan 7, 2025: $21,233,787.00Jan 7, 2026: $18,216,637.00Jan 7, 2026

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$21,233,787 → $18,216,637
  • Reported investors40 → 49

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jan 7, 2026Amendment$18,216,637-$3,017,150vs Jan 7, 202549SEC filing
Jan 7, 2025Amendment$21,233,787$1,537,650vs Jan 6, 202540SEC filing
Jan 6, 2025Amendment$19,696,137$3,856,903vs Jan 5, 202441SEC filing
Jan 5, 2024Amendment$15,839,234-$38,341,303vs Jan 6, 202315SEC filing
Jan 6, 2023Initial$54,180,537No comparison13SEC filing

Offering details

Securities
Equity, Other
Exemptions
06b
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-469992
The offering consists of profits interest units that represent the right to share in future distributions of the company if certain requirements (such as a threshold amount of distributions (continued in clarification box 15)
Profits Interest Units, interests in a management incentive plan.
(Continued from Item 13) and vesting and performance criteria) are satisfied. The securities are intended to qualify as profits interests for U.S. tax purposes and entitle recipients to a pro rata portion of the appreciation (continued in Item 16)

Source: Form D, filed Jan 7, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

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
NameReported role
Brig Badger Director, Executive
Justin Chen Director, Executive
Peter Christodoulo Director, Executive
Adam Domingoes Director
Mac Fountain Director, Executive
Byron Lichtenstein Director
Steven Pinado Director
Vijay Sondhi Director
David Spiro Director
Alison Sullivan Director
Matthew T. Vettel Director

Issuer details

Industry: Other (See others in industry)

Address:
C/O Francisco Partners One Letterman Drive, Bldg. C Suite 410
San Francisco, CA, 94129