FormDSignal
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What If Ventures closes $1.03M micro venture fund in Delaware

New fund · Venture capital · Closed · CLAYMONT, DE · Form D filed 2026-10-09 · sponsor: What If Ventures · Follow AAC2 a Series of What If Ventures Master LLC →

What If Ventures has closed AAC2, a $1.03M venture capital fund organized as a Delaware LLC series. The fund admitted 11 investors and completed its first sale on October 6, 2026.

Note: Fund organized and first sale completed in same month (October 2026); newly incorporated entity.

First filing by this entityVenture capital

How this compares

  • $1M is larger than 49% of the 7,726 venture capital fund launches with a stated size in the last two years; the median is $1.1M.
  • Among 4,678 fund launches filed from DE in the same window it is larger than 66%; the DE median is $500K.
  • Across 444 venture capital sponsors with more than one launch on EDGAR, the median gap between consecutive funds is 3 months.

Computed from every Form D fund launch on EDGAR since late 2024, not sampled. Amounts are the stated offering size; indefinite offerings are excluded.

Registered adviser

name match

WHAT IF VENTURES (WHAT IF CAPITAL, LLC)

Registration
state-registered adviser · since 2021-09-08
Private funds on Form ADV
Yes

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Incumbent service providers

Schedule D for this adviser has not been read yet; it is queued.

Other Form D filings by this adviser

7 other filings on EDGAR under this adviser, with size, strategy and date. Subscribe to unlock

People on the filing

LLC What If CapitalExecutive Officer

[email protected] · observed Work emails for the people on the filing, where the firm publishes or patterns them, labelled by confidence — subscribers

Signed by Stephen Hays, Manager.

Why now — by persona

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