NLP AI, LP is a venture capital fund based in Portola Valley, California. According to its most recent Form D, filed Dec 23, 2025, it has sold $10,256,400 of interests to 23 investors since its first sale in Dec 2025. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. 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 Legacy Inflection Fund 2 GP, LLC; Ryan Nece; Ben Choi.
- Total raised
- $10,256,400Cumulative sales reported on Form D
- Investors
- 23
- First sale
- Dec 12, 2025
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Next Legacy Inflection Fund 2 GP, LLC; Ryan Nece; Ben Choi
- Latest Form D
- Dec 23, 2025
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 NLP AI, LP
What is the minimum investment for NLP AI, LP?
NLP AI, LP's latest Form D, filed Dec 23, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in NLP AI, LP?
NLP AI, LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has NLP AI, LP raised?
NLP AI, LP reports $10,256,400 sold from 23 investors on its Form D filed Dec 23, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is NLP AI, LP based?
NLP AI, LP is based in Portola Valley, California.
When did NLP AI, LP launch?
NLP AI, LP reports its first sale in Dec 2025, 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 2,268 venture capital funds based in California, and more than 88% of all 15,160 that report sales.