Next Optimized I, LP is a venture capital fund based in Austin, Texas. According to its most recent Form D, filed Nov 8, 2024, it has sold $5,859,766 of interests to 8 investors since its first sale in Apr 2021. 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 Next Ventures GP, LLC; Melanie Strong; Lance Armstrong.
- Total raised
- $5,859,766Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Apr 7, 2021
- 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
- Next Ventures GP, LLC; Melanie Strong; Lance Armstrong
- Latest Form D
- Nov 8, 2024
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 Next Optimized I, LP
What is the minimum investment for Next Optimized I, LP?
Next Optimized I, LP's latest Form D, filed Nov 8, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Next Optimized I, LP?
Next Optimized 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 Next Optimized I, LP raised?
Next Optimized I, LP reports $5,859,766 sold from 8 investors on its Form D filed Nov 8, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Next Optimized I, LP based?
Next Optimized I, LP is based in Austin, Texas.
When did Next Optimized I, LP launch?
Next Optimized I, LP reports its first sale in Apr 2021, 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 76% of the 495 venture capital funds based in Texas, and more than 84% of all 15,160 that report sales.