BAG Ventures Fund I, LP is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Oct 10, 2025, it has sold $4,680,000 of interests to 32 investors since its first sale in Jul 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(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Bonita Stewart; BAG Ventures Fund I GP, LLC; BAG Ventures, LLC.
- Total raised
- $4,680,000Cumulative sales reported on Form D
- Investors
- 32
- First sale
- Jul 19, 2024
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Bonita Stewart; BAG Ventures Fund I GP, LLC; BAG Ventures, LLC
- Latest Form D
- Oct 10, 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 BAG Ventures Fund I, LP
What is the minimum investment for BAG Ventures Fund I, LP?
BAG Ventures Fund I, LP's latest Form D, filed Oct 10, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in BAG Ventures Fund I, LP?
BAG Ventures Fund I, 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(c), so it may advertise, but every investor must be verified as accredited.
How much has BAG Ventures Fund I, LP raised?
BAG Ventures Fund I, LP reports $4,680,000 sold from 32 investors on its Form D filed Oct 10, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is BAG Ventures Fund I, LP based?
BAG Ventures Fund I, LP is based in San Francisco, California.
When did BAG Ventures Fund I, LP launch?
BAG Ventures Fund I, LP reports its first sale in Jul 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 67% of the 2,268 venture capital funds based in California, and more than 81% of all 15,160 that report sales.