PROOF Fund III, LP is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed May 31, 2023, it has sold $123,854,692 of interests to 185 investors since its first sale in Nov 2021. The filing does not set a minimum investment. 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. Related persons named in the filing include none PROOF GP III, LLC; Jennifer Schretter; John Backus Jr.
- Total raised
- $123,854,692Cumulative sales reported on Form D
- Investors
- 185
- First sale
- Nov 18, 2021
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- none PROOF GP III, LLC; Jennifer Schretter; John Backus Jr
- Latest Form D
- May 31, 2023
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 PROOF Fund III, LP
What is the minimum investment for PROOF Fund III, LP?
PROOF Fund III, LP's latest Form D, filed May 31, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in PROOF Fund III, LP?
PROOF Fund 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 PROOF Fund III, LP raised?
PROOF Fund III, LP reports $123,854,692 sold from 185 investors on its Form D filed May 31, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is PROOF Fund III, LP based?
PROOF Fund III, LP is based in Reston, Virginia.
When did PROOF Fund III, LP launch?
PROOF Fund III, LP reports its first sale in Nov 2021.
Size compared with every venture capital fund
Raised more than 99% of the 140 venture capital funds based in Virginia, and more than 98% of all 14,835 that report sales.