Delta40 Fund I LLC is a venture capital fund based in Lake Placid, New York. According to its most recent Form D, filed Mar 12, 2026, it has sold $7,225,000 of interests to 55 investors since its first sale in Jan 2026. The filing does not set a minimum investment. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Laurie Spengler; Felix Dashevsky; Jay Ireland.
- Total raised
- $7,225,000Cumulative sales reported on Form D
- Investors
- 55
- First sale
- Jan 21, 2026
- Minimum investment
- None set
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Laurie Spengler; Felix Dashevsky; Jay Ireland
- Latest Form D
- Mar 12, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Delta40 Fund I LLC
What is the minimum investment for Delta40 Fund I LLC?
Delta40 Fund I LLC's latest Form D, filed Mar 12, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Delta40 Fund I LLC?
Delta40 Fund I LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has Delta40 Fund I LLC raised?
Delta40 Fund I LLC reports $7,225,000 sold from 55 investors on its Form D filed Mar 12, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Delta40 Fund I LLC based?
Delta40 Fund I LLC is based in Lake Placid, New York.
When did Delta40 Fund I LLC launch?
Delta40 Fund I LLC reports its first sale in Jan 2026, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 73% of the 1,252 venture capital funds based in New York, and more than 85% of all 15,160 that report sales.