SEC Filing Record

Offering Amount

$3.3M

Strategy

VC

Exemption

06b

Date Filed

Jun 02, 2026

0002134370-26-000001

View on SEC EDGAR →

37A Read

The series structure—with this as Wave 2—signals Mushin is building a repeatable fund vehicle architecture, likely with Wave 1 closed or closing, rather than deploying as a single mega-fund; this serial approach typically indicates intention to raise multiple vintages to test product-market fit before scaling.

The absence of any prior EDGAR filings from this manager combined with the single-GP structure and 06b exemption means Mushin is operating as an emerging manager with a closed investor base, suggesting either a transition from operating/investing roles into fund management or a deliberate strategy to avoid public market exposure during build-out.

Filing in June 2026 aligns with the midyear capital deployment cycle and post-H1 LP commitment windows; for a $3M venture fund at this stage, the timing implies targeting institutional allocators' refresh cycles or rolling LPs forward from Wave 1 closes.

Before engaging, confirm whether Wave 1 has a key-person provision naming Mushin, how clawback and fee arrangements differ between Wave 1 and Wave 2 if applicable, and whether this $3M target is a final hard cap or a placeholder pending the close of Wave 1's actual commitments.

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Principals

Registered Manager

Formation VC Fund I GP, LLC

General Partners & Executives

Leeor Mushin

Formation Wave 2, a series of Formation Wave, LP