Next Ventures II, LP is a venture capital fund based in Austin, Texas. According to its most recent Form D, filed Nov 8, 2024, it has sold $23,485,500 of interests to 21 investors since its first sale in Mar 2024. 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 Melanie Strong; Next Ventures II GP, LLC; Lance Armstrong.
- Total raised
- $23,485,500Cumulative sales reported on Form D
- Investors
- 21
- First sale
- Mar 11, 2024
- 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
- Melanie Strong; Next Ventures II GP, LLC; 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 Ventures II, LP
What is the minimum investment for Next Ventures II, LP?
Next Ventures II, 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 Ventures II, LP?
Next Ventures 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 Next Ventures II, LP raised?
Next Ventures II, LP reports $23,485,500 sold from 21 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 Ventures II, LP based?
Next Ventures II, LP is based in Austin, Texas and is managed by Next Ventures.
When did Next Ventures II, LP launch?
Next Ventures II, LP reports its first sale in Mar 2024, 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 91% of the 495 venture capital funds based in Texas, and more than 93% of all 15,160 that report sales.