GTMfund III, LP is a venture capital fund based in Paradise Valley, Arizona. According to its most recent Form D, filed Apr 29, 2026, it has sold $20,907,862 of interests to 114 investors since its first sale in Jan 2026. The minimum investment it accepts from an outside investor is $2,325. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. 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 Max Altschuler; GTMfund III, GP LLC.
- Total raised
- $20,907,862Cumulative sales reported on Form D
- Investors
- 114
- First sale
- Jan 26, 2026
- Minimum investment
- $2,325
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Max Altschuler; GTMfund III, GP LLC
- Latest Form D
- Apr 29, 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 GTMfund III, LP
What is the minimum investment for GTMfund III, LP?
According to its latest Form D, filed Apr 29, 2026, the minimum investment GTMfund III, LP accepts from an outside investor is $2,325.
Who can invest in GTMfund III, LP?
GTMfund III, LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has GTMfund III, LP raised?
GTMfund III, LP reports $20,907,862 sold from 114 investors on its Form D filed Apr 29, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is GTMfund III, LP based?
GTMfund III, LP is based in Paradise Valley, Arizona.
When did GTMfund III, LP launch?
GTMfund III, LP reports its first sale in Jan 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 88% of the 33 venture capital funds based in Arizona, and more than 92% of all 15,160 that report sales.