Next Ventures, LP is a venture capital fund based in Austin. According to its most recent Form D, filed Jan 5, 2021, it has sold $51,385,000 of interests to 80 investors since its first sale in Jun 2019. 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. Related persons named in the filing include Lionel Conacher; Lance Armstrong; Melanie Strong.
- Total raised
- $51,385,000Cumulative sales reported on Form D
- Investors
- 80
- First sale
- Jun 21, 2019
- 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
- Lionel Conacher; Lance Armstrong; Melanie Strong
- Latest Form D
- Jan 5, 2021
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, LP
What is the minimum investment for Next Ventures, LP?
Next Ventures, LP's latest Form D, filed Jan 5, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Next Ventures, LP?
Next Ventures, 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, LP raised?
Next Ventures, LP reports $51,385,000 sold from 80 investors on its Form D filed Jan 5, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Next Ventures, LP based?
Next Ventures, LP is based in Austin.
When did Next Ventures, LP launch?
Next Ventures, LP reports its first sale in Jun 2019.