Watershed Fund I, LP is a venture capital fund based in New York, New York. According to its most recent Form D, filed Nov 27, 2024, it has sold $24,222,500 of interests to 86 investors since its first sale in Sep 2021. 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 Watershed Collective LLC; Imraan Ahmed; Watershed GP I LLC.
- Total raised
- $24,222,500Cumulative sales reported on Form D
- Investors
- 86
- First sale
- Sep 22, 2021
- 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
- Watershed Collective LLC; Imraan Ahmed; Watershed GP I LLC
- Latest Form D
- Nov 27, 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 Watershed Fund I, LP
What is the minimum investment for Watershed Fund I, LP?
Watershed Fund I, LP's latest Form D, filed Nov 27, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Watershed Fund I, LP?
Watershed 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 Watershed Fund I, LP raised?
Watershed Fund I, LP reports $24,222,500 sold from 86 investors on its Form D filed Nov 27, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Watershed Fund I, LP based?
Watershed Fund I, LP is based in New York, New York and is managed by Watershed Collective LLC.
When did Watershed Fund I, LP launch?
Watershed Fund I, LP reports its first sale in Sep 2021, 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 87% of the 1,252 venture capital funds based in New York, and more than 93% of all 15,160 that report sales.