Mount Lumina Fund II, a Series of Embedding Opportunity Funds, LLC

The dual GP structure—Embedding VC, LLC as entity and Jie Luo as named individual—indicates a founder-led operation, and the absence of any prior EDGAR filings from this manager means this is either a newly-formed GP launching its second fund immediately after Fund I's close, or a manager operating below SEC filing thresholds until now, both scenarios requiring LP verification of Fund I's vintage, performance, and capital deployment to validate the series progression.

Filing in June 2026 positions this raise in a post-correction venture environment where managers with proven Fund I track records are moving quickly to secure LP capital before 2027 allocation cycles tighten; the 06b exemption choice confirms this is a continuation of existing relationships rather than a new LP recruitment effort.

Before engagement, LPs must confirm the existence, performance, and close date of Mount Lumina Fund I and verify whether Fund II has a contractual continuation or is a discretionary new raise—this distinction affects management fee continuation, carry structure, and whether Fund I remains actively deploying or has fully transitioned capital to this vehicle.