Proof III Hli LLC is a venture capital fund based in Arlington, Virginia. According to its most recent Form D, filed Apr 16, 2026, it has sold $3,150,625 of interests to 25 investors since its first sale in Apr 2026. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include John BURKE; Thanasis Delistathis; none PROOF MANAGEMENT, LLC.
- Total raised
- $3,150,625Cumulative sales reported on Form D
- Investors
- 25
- First sale
- Apr 9, 2026
- 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
- John BURKE; Thanasis Delistathis; none PROOF MANAGEMENT, LLC
- Latest Form D
- Apr 16, 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 Proof III Hli LLC
What is the minimum investment for Proof III Hli LLC?
Proof III Hli LLC's latest Form D, filed Apr 16, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III Hli LLC?
Proof III Hli 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 Hli LLC raised?
Proof III Hli LLC reports $3,150,625 sold from 25 investors on its Form D filed Apr 16, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III Hli LLC based?
Proof III Hli LLC is based in Arlington, Virginia.
When did Proof III Hli LLC launch?
Proof III Hli LLC reports its first sale in Apr 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 74% of the 142 venture capital funds based in Virginia, and more than 77% of all 15,160 that report sales.