Proof III Aci LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Aug 4, 2022, it has sold $669,754 of interests to 13 investors since its first sale in Jul 2022. 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. Related persons named in the filing include none PROOF Management, LLC; Jennifer Schretter; John Backus Jr.
- Total raised
- $669,754Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Jul 22, 2022
- 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
- none PROOF Management, LLC; Jennifer Schretter; John Backus Jr
- Latest Form D
- Aug 4, 2022
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 III Aci LLC
What is the minimum investment for Proof III Aci LLC?
Proof III Aci LLC's latest Form D, filed Aug 4, 2022, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III Aci LLC?
Proof III Aci LLC 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 Proof III Aci LLC raised?
Proof III Aci LLC reports $669,754 sold from 13 investors on its Form D filed Aug 4, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III Aci LLC based?
Proof III Aci LLC is based in Reston, Virginia.
When did Proof III Aci LLC launch?
Proof III Aci LLC reports its first sale in Jul 2022.
Size compared with every venture capital fund
Raised more than 42% of the 140 venture capital funds based in Virginia, and more than 54% of all 14,835 that report sales.