VL Fund I, L.P. is a venture capital fund based in Atherton, California. According to its most recent Form D, filed Sep 22, 2025, it has sold $45,000,000 of interests to 3 investors since its first sale in Sep 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 VL Fund GP I, LLC; Victor Lazarte.
- Total raised
- $45,000,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Sep 8, 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
- VL Fund GP I, LLC; Victor Lazarte
- Latest Form D
- Sep 22, 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 VL Fund I, L.P.
What is the minimum investment for VL Fund I, L.P.?
VL Fund I, L.P.'s latest Form D, filed Sep 22, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in VL Fund I, L.P.?
VL Fund I, L.P. 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 VL Fund I, L.P. raised?
VL Fund I, L.P. reports $45,000,000 sold from 3 investors on its Form D filed Sep 22, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is VL Fund I, L.P. based?
VL Fund I, L.P. is based in Atherton, California.
When did VL Fund I, L.P. launch?
VL Fund I, L.P. reports its first sale in Sep 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 89% of the 2,268 venture capital funds based in California, and more than 96% of all 15,160 that report sales.