Step Function Ventures Fund I LP is a venture capital fund based in Boston. Its most recent Form D, filed Jun 30, 2023, reports no sales yet. 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 Step Function Ventures Management LLC; William Lehmann; Step Function Ventures Fund I GP LLC.
- Total raised
- $0Cumulative sales reported on Form D
- Investors
- 0
- First sale
- —
- 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
- Step Function Ventures Management LLC; William Lehmann; Step Function Ventures Fund I GP LLC
- Latest Form D
- Jun 30, 2023
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 Step Function Ventures Fund I LP
What is the minimum investment for Step Function Ventures Fund I LP?
Step Function Ventures Fund I LP's latest Form D, filed Jun 30, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Step Function Ventures Fund I LP?
Step Function Ventures 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 Step Function Ventures Fund I LP raised?
Step Function Ventures Fund I LP's latest Form D, filed Jun 30, 2023, reports no sales yet.
Where is Step Function Ventures Fund I LP based?
Step Function Ventures Fund I LP is based in Boston.
Size compared with every venture capital fund
This fund hasn't reported any sales yet.