Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Funds / Lightning Ventures Node 1 Fund, a Series of Lightning Ventures, LP

Lightning Ventures Node 1 Fund, a Series of Lightning Ventures, LP

MatureClosed to new capitalSPV or co-invest vehicleADV: Venture Capital FundAngellist AdvisorsDelaware
Amounts, each with its basis
Vintage
2021basis: form d first sale
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
$1.4Mwhat may be sold, not what was raised; file 021-413889, sworn by the adviser or filed under this vehicle
Form D sold
$1.4Mas of the filing of Apr 28, 2023, 46 investors
First sale
Sep 1, 2021
Reported GAV
$1.5Mon the Form ADV filed Jun 14, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
54
Reported on ADV
Mar 31, 2022 to Jun 14, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2023-04-28: the stated $1.4M offering reported fully sold (fr-1)
evidence dated Apr 28, 2023. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Mature
vintage 4 to 7 years
age years: 5first sale: 2021-09-01vintage year: $2,021adv gav as of: 2024-06-14vintage basis: form_d_first_saleform d sold usd: $1.4Mform d offering usd: $1.4Mform d latest filed at: 2023-04-28
The fund's own reporting through time
4 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 31, 2022Venture Capital Fund$565,785
38$1,0000%no
Mar 30, 2023Venture Capital Fund$908,150
46$1,0000%no
Mar 29, 2024Venture Capital Fund$1.5M
54$1,0000%no
Jun 14, 2024Venture Capital Fund$1.5M
54$1,0000%no
Principals and agents
2 principals on Form D, 0 placement agents
  • Fund GP, LLC Director
  • Belltower Fund Group, Ltd. Director
Limited partners and their reported performance
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
4 events
  1. Apr 28, 2023
    Lightning Ventures Node 1 Fund, a series of Lightning Ventures, LP filed Form D/A: $1,374,250 sold of $1,374,250, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  2. Aug 31, 2022
    Lightning Ventures Node 1 Fund, a series of Lightning Ventures, LP filed Form D/A: $1,124,250 sold of $1,124,250, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  3. Mar 31, 2022
    Lightning Ventures Node 1 Fund, a Series of Lightning Ventures, LP first reported on Form ADV by Angellist Advisors (Venture Capital Fund), GAV $565,785
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  4. Sep 20, 2021
    Lightning Ventures Node 1 Fund, a series of Lightning Ventures, LP filed Form D: $475,000 sold of $475,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
48 observations
Every observation on this vehicle