Improbability Fund I, LP is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Apr 20, 2026, it has sold $17,325,000 of interests to 11 investors since its first sale in Apr 2026. The filing does not set a minimum investment. 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 Improbability Engine, LLC; Lavanya Shukla; Improbability Fund I GP, LLC.
- Total raised
- $17,325,000Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Apr 15, 2026
- Minimum investment
- None set
- 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
- Improbability Engine, LLC; Lavanya Shukla; Improbability Fund I GP, LLC
- Latest Form D
- Apr 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 Improbability Fund I, LP
What is the minimum investment for Improbability Fund I, LP?
Improbability Fund I, LP's latest Form D, filed Apr 20, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Improbability Fund I, LP?
Improbability Fund I, 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 Improbability Fund I, LP raised?
Improbability Fund I, LP reports $17,325,000 sold from 11 investors on its Form D filed Apr 20, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Improbability Fund I, LP based?
Improbability Fund I, LP is based in San Francisco, California.
When did Improbability Fund I, LP launch?
Improbability Fund I, LP reports its first sale in Apr 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 81% of the 2,268 venture capital funds based in California, and more than 91% of all 15,160 that report sales.