Next Optimized II, LP is a venture capital fund based in Austin, Texas. According to its most recent Form D, filed Nov 8, 2024, it has sold $5,445,743 of interests to 1 investor since its first sale in May 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 Lance Armstrong; Next Ventures GP, LLC; Melanie Strong.
- Total raised
- $5,445,743Cumulative sales reported on Form D
- Investors
- 1
- First sale
- May 12, 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
- Lance Armstrong; Next Ventures GP, LLC; Melanie Strong
- Latest Form D
- Nov 8, 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 Next Optimized II, LP
What is the minimum investment for Next Optimized II, LP?
Next Optimized II, LP's latest Form D, filed Nov 8, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Next Optimized II, LP?
Next Optimized II, 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 Next Optimized II, LP raised?
Next Optimized II, LP reports $5,445,743 sold from 1 investor on its Form D filed Nov 8, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Next Optimized II, LP based?
Next Optimized II, LP is based in Austin, Texas.
When did Next Optimized II, LP launch?
Next Optimized II, LP reports its first sale in May 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 75% of the 495 venture capital funds based in Texas, and more than 83% of all 15,160 that report sales.