Tonic Ventures Fund II, LP is a venture capital fund based in Chicago, Illinois. According to its most recent Form D, filed Feb 23, 2026, it has sold $20,000,000 of interests to 8 investors since its first sale in Feb 2026. The minimum investment it accepts from an outside investor is $1,000. 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 Tonic Ventures GP LLC; Mark Longenecker.
- Total raised
- $20,000,000Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Feb 19, 2026
- Minimum investment
- $1,000
- 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
- Tonic Ventures GP LLC; Mark Longenecker
- Latest Form D
- Feb 23, 2026
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 Tonic Ventures Fund II, LP
What is the minimum investment for Tonic Ventures Fund II, LP?
According to its latest Form D, filed Feb 23, 2026, the minimum investment Tonic Ventures Fund II, LP accepts from an outside investor is $1,000.
Who can invest in Tonic Ventures Fund II, LP?
Tonic Ventures Fund 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 Tonic Ventures Fund II, LP raised?
Tonic Ventures Fund II, LP reports $20,000,000 sold from 8 investors on its Form D filed Feb 23, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Tonic Ventures Fund II, LP based?
Tonic Ventures Fund II, LP is based in Chicago, Illinois.
When did Tonic Ventures Fund II, LP launch?
Tonic Ventures Fund II, LP reports its first sale in Feb 2026, 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 80% of the 148 venture capital funds based in Illinois, and more than 92% of all 15,160 that report sales.