Proof III Htl, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Mar 3, 2022, it has sold $4,748,835 of interests to 34 investors since its first sale in Feb 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 Thanasis Delistathis; Jennifer Schretter; none PROOF Management, LLC.
- Total raised
- $4,748,835Cumulative sales reported on Form D
- Investors
- 34
- First sale
- Feb 18, 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
- Thanasis Delistathis; Jennifer Schretter; none PROOF Management, LLC
- Latest Form D
- Mar 3, 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 Htl, LLC
What is the minimum investment for Proof III Htl, LLC?
Proof III Htl, LLC's latest Form D, filed Mar 3, 2022, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III Htl, LLC?
Proof III Htl, 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 Htl, LLC raised?
Proof III Htl, LLC reports $4,748,835 sold from 34 investors on its Form D filed Mar 3, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III Htl, LLC based?
Proof III Htl, LLC is based in Reston, Virginia.
When did Proof III Htl, LLC launch?
Proof III Htl, LLC reports its first sale in Feb 2022.
Size compared with every venture capital fund
Raised more than 82% of the 140 venture capital funds based in Virginia, and more than 81% of all 14,865 that report sales.