Diffusion V2, LP is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Aug 20, 2026, it has sold $40,000,000 of interests to 16 investors since its first sale in Aug 2026. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. 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 Victor Lazarte; Kristian Fredrickson; Diffusion Umbrella GP LLC.
- Total raised
- $40,000,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Aug 14, 2026
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Victor Lazarte; Kristian Fredrickson; Diffusion Umbrella GP LLC
- Latest Form D
- Aug 20, 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 Diffusion V2, LP
What is the minimum investment for Diffusion V2, LP?
Diffusion V2, LP's latest Form D, filed Aug 20, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Diffusion V2, LP?
Diffusion V2, LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Diffusion V2, LP raised?
Diffusion V2, LP reports $40,000,000 sold from 16 investors on its Form D filed Aug 20, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Diffusion V2, LP based?
Diffusion V2, LP is based in San Francisco, California and is managed by Diffusion Holdings LLC.
When did Diffusion V2, LP launch?
Diffusion V2, LP reports its first sale in Aug 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 88% of the 2,268 venture capital funds based in California, and more than 95% of all 15,160 that report sales.