Form D · Venture Capital Fund

NPC Tonal, LLC

Redwood City, CA · CIK 0001814792

Offering snapshot reported Jun 12, 2020 · SEC filing

Reported sold: $650K
Investors reported: 17
Minimum accepted: $10K
First sale: Jun 8, 2020

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jun 12, 2020	Initial	$650,000	No comparison	17	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-368892

Source: Form D, filed Jun 12, 2020. 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

NPC TONAL, LLC

Investment adviser: NEXT LEGACY MANAGEMENT, LLC

Gross asset value: $1.2K
Beneficial owners: 20
ADV minimum commitment: $25K

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ADURO ADVISORS, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor FRANK, RIMERMAN & CO. LLP PALO ALTO, California, United States

Custodian FIRST REPUBLIC BANK MENLO PARK, California, 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

FRANK, RIMERMAN & CO. LLP
PCAOB 1596

FIRST REPUBLIC BANK
LEI YWC0TIKBQM2JV8L4IV08

Filing source

Form ADV 2069530 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-9430272809

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

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
John Ailanjian	Executive
Next Play Capital Gp Ii, Llc N/A	Executive
Next Play Capital, Llc N/A	Executive
Ryan Nece	Executive
Eric Valle	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

885 Winslow St
Redwood City, CA, 94063