Activate MegaWatts LJ, L.P. is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Nov 7, 2024, it has sold $34,624,960 of interests to 34 investors since its first sale in Oct 2024. 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 none Long Journey Fund IV GP, LLC.
- Total raised
- $34,624,960Cumulative sales reported on Form D
- Investors
- 34
- First sale
- Oct 23, 2024
- 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
- none Long Journey Fund IV GP, LLC
- Latest Form D
- Nov 7, 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 Activate MegaWatts LJ, L.P.
What is the minimum investment for Activate MegaWatts LJ, L.P.?
Activate MegaWatts LJ, L.P.'s latest Form D, filed Nov 7, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Activate MegaWatts LJ, L.P.?
Activate MegaWatts LJ, 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 Activate MegaWatts LJ, L.P. raised?
Activate MegaWatts LJ, L.P. reports $34,624,960 sold from 34 investors on its Form D filed Nov 7, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Activate MegaWatts LJ, L.P. based?
Activate MegaWatts LJ, L.P. is based in San Francisco, California.
When did Activate MegaWatts LJ, L.P. launch?
Activate MegaWatts LJ, L.P. reports its first sale in Oct 2024, 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 2,268 venture capital funds based in California, and more than 95% of all 15,160 that report sales.