Form D · Venture Capital Fund

Next Ventures, LP

Austin, TX · CIK 0001781390

Offering snapshot reported Jan 5, 2021 · SEC filing

Reported sold: $51.4M
Investors reported: 80
Minimum accepted: $0
First sale: Jun 21, 2019

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$32,575,000 → $51,385,000
Reported investors62 → 80

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jan 5, 2021	Amendment	$51,385,000	$18,810,000vs Jul 13, 2020	80	SEC filing
Jul 13, 2020	Amendment	$32,575,000	$8,050,000vs Jul 5, 2019	62	SEC filing
Jul 5, 2019	Initial	$24,525,000	No comparison	38	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-343573

Source: Form D, filed Jan 5, 2021. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

NEXT VENTURES, LP

Investment adviser: NEXT VENTURES MANAGEMENT, LLC

Gross asset value: $85.5M
Beneficial owners: 79
ADV minimum commitment: $0

Reported in Form ADV on Mar 26, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CARTA, INC. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG, LLP DALLAS, Texas, United States

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG, LLP
PCAOB 185

JPMORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE97

Filing source

Form ADV 2068576 · Mar 26, 2026 · Schedule D 7.B.(1), fund 805-7364090126

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Next Ventures, LP (this fund)	Jan 5, 2021	$51,385,000	80
Next Ventures II, LP	Nov 8, 2024	$23,485,500	21

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Lance Armstrong	Executive
Lionel Conacher	Executive
Melanie Strong	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

2005 East Cesar Chavez
Austin, TX, 78702