IM-1029 Fund III, a series of Futureland Ventures Funds, LP

The absence of prior EDGAR filings combined with a two-GP structure and 06b exemption indicates Futureland operates on a pre-existing relationship model—likely managing a closed LP network without broad fundraising infrastructure, which constrains scale but reduces dependence on brand recognition or institutional LP databases.

A mid-2026 filing for a third-vintage VC fund reflects LP rebalancing cycles and potential conviction around a specific sector thesis developed across Funds I and II, though mid-year filings can also signal a secondary close strategy if Fund II remained open or if the manager is threading capital between vintage cohorts.

Before committing, verify whether Fund II is fully deployed or still accepting capital, as overlap would signal either a continuation strategy or potential capital drag; also confirm the identity and roles of the two named GPs, since a two-person structure creates key-person risk if either GP holds exclusive sector relationships or deal sourcing responsibilities.