Form D · Venture Capital Fund

X25, a series of LBS Investments I, LP

Lynnwood, WA · CIK 0002068826

Offering snapshot reported May 30, 2025 · SEC filing

Reported sold: $1.74M
Investors reported: 149
Minimum accepted: $2K
First sale: May 23, 2025

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.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
May 30, 2025	Amendment	$1,742,789	$0vs May 28, 2025	149	SEC filing
May 28, 2025	Initial	$1,742,789	No comparison	149	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-547297

Source: Form D, filed May 30, 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

X25, A SERIES OF LBS INVESTMENTS I, LP

Investment adviser: PLATFORM ADVISOR, LLC

Gross asset value: $2.12M
Beneficial owners: 191
ADV minimum commitment: $5K

Reported in Form ADV on Jun 4, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator BELLTOWER FUND GROUP, LTD SEATTLE, Washington, United States Investor statements: No (provided to no investors) Related to adviser: Yes Other funds reporting this name →

Custodian BELLTOWER FUND GROUP, LTD SEATTLE, Washington, United States Related to adviser: Yes Other funds reporting this name →

Marketer AL ADVISORS MANAGEMENT INC SAN FRANCISCO, California, United States Related to adviser: Yes Other funds reporting this name →

Provider details

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

Fund asset history · 1 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2025	$2,119,247	191	Mar 24, 2026

Filing source

Form ADV 2107248 · Jun 4, 2026 · Schedule D 7.B.(1), fund 805-2088041608

Reported by PLATFORM ADVISOR, LLC (CRD 167700).

Other-Than Annual Amendment ERA Report.

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
N/A Belltower Fund Group, Ltd.	Director
N/A Fund Gp, Llc	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

2006 196 Th St Sw Suite 114
Lynnwood, WA, 98036
Phone: 206.801.6359