Proof III Adgt LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Jan 4, 2024, it has sold $676,254 of interests to 10 investors since its first sale in Dec 2023. 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 Thanasis Delistathis; Jennifer Schretter; None Proof Management, LLC.
- Total raised
- $676,254Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Dec 21, 2023
- 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
- Thanasis Delistathis; Jennifer Schretter; None Proof Management, LLC
- Latest Form D
- Jan 4, 2024
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 Adgt LLC
What is the minimum investment for Proof III Adgt LLC?
Proof III Adgt LLC's latest Form D, filed Jan 4, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III Adgt LLC?
Proof III Adgt 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 Adgt LLC raised?
Proof III Adgt LLC reports $676,254 sold from 10 investors on its Form D filed Jan 4, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III Adgt LLC based?
Proof III Adgt LLC is based in Reston, Virginia.
When did Proof III Adgt LLC launch?
Proof III Adgt LLC reports its first sale in Dec 2023.
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 14,829 that report sales.