First In Ventures Fund II LP
First In Ventures Fund II LP is a venture capital fund based in Hobe Sound, Florida. According to its most recent Form D, filed Sep 17, 2026, it has sold $21,762,626 of interests to 60 investors since its first sale in May 2023. The minimum investment it accepts from an outside investor is $20,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. 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 First In Ventures II LLC; Lenore Karafa; Forbes McPherson.
- Total raised
- $21,762,626Cumulative sales reported on Form D
- Investors
- 60
- First sale
- May 18, 2023
- Minimum investment
- $20,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- First In Ventures II LLC; Lenore Karafa; Forbes McPherson
- Latest Form D
- Sep 17, 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 First In Ventures Fund II LP
What is the minimum investment for First In Ventures Fund II LP?
According to its latest Form D, filed Sep 17, 2026, the minimum investment First In Ventures Fund II LP accepts from an outside investor is $20,000.
Who can invest in First In Ventures Fund II LP?
First In Ventures Fund II LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has First In Ventures Fund II LP raised?
First In Ventures Fund II LP reports $21,762,626 sold from 60 investors on its Form D filed Sep 17, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is First In Ventures Fund II LP based?
First In Ventures Fund II LP is based in Hobe Sound, Florida and is managed by First in Ventures Management, Inc..
When did First In Ventures Fund II LP launch?
First In Ventures Fund II LP reports its first sale in May 2023, 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 87% of the 585 venture capital funds based in Florida, and more than 93% of all 15,160 that report sales.