Long Journey Ventures is an early-stage venture firm. It describes itself on its own site as the second believers in the magically weird, meaning the early supporter who backs a founder after the founder's own first act of belief, and states four values on its homepage: chase the magically weird, be a bubbe, chaotic good, and it is not Monopoly money. Its 2021 founding post describes the partnership as a federation of angels and operators who keep the fund small and remain active operators themselves. The firm publishes no stated sector focus and no stated geographic mandate, so no sectors are recorded here. Its Form D filings place its funds in San Francisco.
2020
The predecessor micro-fund Edelweiss, which Lee Jacobs raised with Brian Balfour, Elaine Wherry and Jonathan Bruck, is renamed Long Journey Ventures, and Pascal Levy-Garboua and Cyan Banister join as partners, per the firm's own post 'Long Journey: The Beginning'.
2020
Cyan Banister leaves Founders Fund in March 2020 to join Long Journey Ventures, per her Wikipedia article; the firm's own post states she came from Founders Fund.
2020
LJ Ventures Fund II, L.P. records a date of first sale of 2 January 2020; its Form D, filed 17 June 2021, reports $35,295,500 sold and names Lee Jacobs as Managing Director of the general partner.
2022
Arielle Zuckerberg leaves Coatue Management to become a partner at Long Journey Ventures, reported by Axios on 15 February 2022.
2022
LJV Fund III, L.P. and LJV Opportunity Fund I, L.P. file Forms D on 4 August 2022; LJV Fund III reports $75,775,000 sold against an $85,000,000 offering, with a first sale on 31 January 2022.
2024
Long Journey Fund IV, L.P. files a Form D on 29 March 2024 reporting a $175,000,000 total offering amount, from 447 Sutter Street, Suite 405, San Francisco.
2025
Long Journey announces the close of Long Journey IV on 19 March 2025, a fund of approximately $181.8 million, and says the close doubled the firm's AUM.
2026
Long Journey Fund V, L.P. files a Form D on 6 March 2026 reporting a $236,000,000 total offering amount, with Lee Jacobs named as Managing Director of the general partner.