ACTAI Unicorn Fund III LP is a venture capital fund based in St Louis Park, Minnesota. According to its most recent Form D, filed Jul 6, 2026, it has sold $7,580,000 of interests to 38 investors since its first sale in Feb 2026. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include ACTAI Unicorn Fund III GP LLC; Amanda Terry.
- Total raised
- $7,580,000Cumulative sales reported on Form D
- Investors
- 38
- First sale
- Feb 19, 2026
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- ACTAI Unicorn Fund III GP LLC; Amanda Terry
- Latest Form D
- Jul 6, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about ACTAI Unicorn Fund III LP
What is the minimum investment for ACTAI Unicorn Fund III LP?
ACTAI Unicorn Fund III LP's latest Form D, filed Jul 6, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in ACTAI Unicorn Fund III LP?
ACTAI Unicorn Fund III LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has ACTAI Unicorn Fund III LP raised?
ACTAI Unicorn Fund III LP reports $7,580,000 sold from 38 investors on its Form D filed Jul 6, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is ACTAI Unicorn Fund III LP based?
ACTAI Unicorn Fund III LP is based in St Louis Park, Minnesota.
When did ACTAI Unicorn Fund III LP launch?
ACTAI Unicorn Fund III LP reports its first sale in Feb 2026, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 50% of the 26 venture capital funds based in Minnesota, and more than 85% of all 15,160 that report sales.