Form D · Venture Capital Fund

Watershed Fund I, LP

New York, NY · CIK 0001877772

Offering snapshot reported Nov 27, 2024 · SEC filing

Reported sold: $24.2M
Investors reported: 86
Minimum accepted: $0
First sale: Sep 22, 2021

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$21,900,000 → $24,222,500
Reported investors82 → 86

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Nov 27, 2024	Amendment	$24,222,500	$2,322,500vs Nov 29, 2023	86	SEC filing
Nov 29, 2023	Amendment	$21,900,000	$3,687,500vs Dec 13, 2022	82	SEC filing
Dec 13, 2022	Amendment	$18,212,500	No comparison	67	SEC filing
Sep 20, 2021	Initial	Yet to sell	No comparison	Not reported	SEC filing

Offering details

Securities: 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: 021-413954

Source: Form D, filed Nov 27, 2024. 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

WATERSHED FUND I, LP

Investment adviser: WATERSHED COLLECTIVE LLC

Gross asset value: $42M
Beneficial owners: 88
ADV minimum commitment: $0

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 CARTA INVESTOR SERVICES, INC. SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WITHUMSMITH+BROWN, PC NEW YORK, New York, United States

Custodian GRASSHOPPER BANK, NA 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

WITHUMSMITH+BROWN, PC
PCAOB 100

Filing source

Form ADV 2075446 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-2319651231

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
Imraan Ahmed	Executive
Watershed Collective Llc	Promoter
Watershed Gp I Llc	Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

601 West 57 Th, Suite 25 S
New York, NY, 10019