Proof III Cbsi LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Apr 10, 2023, it has sold $1,774,293 of interests to 19 investors since its first sale in Mar 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 Jennifer Schretter; Thanasis Delistathis; None Proof Management, LLC.
- Total raised
- $1,774,293Cumulative sales reported on Form D
- Investors
- 19
- First sale
- Mar 23, 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
- Jennifer Schretter; Thanasis Delistathis; None Proof Management, LLC
- Latest Form D
- Apr 10, 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 III Cbsi LLC
What is the minimum investment for Proof III Cbsi LLC?
Proof III Cbsi LLC's latest Form D, filed Apr 10, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III Cbsi LLC?
Proof III Cbsi 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 Cbsi LLC raised?
Proof III Cbsi LLC reports $1,774,293 sold from 19 investors on its Form D filed Apr 10, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III Cbsi LLC based?
Proof III Cbsi LLC is based in Reston, Virginia.
When did Proof III Cbsi LLC launch?
Proof III Cbsi LLC reports its first sale in Mar 2023.
Size compared with every venture capital fund
Raised more than 64% of the 138 venture capital funds based in Virginia, and more than 69% of all 14,768 that report sales.