Proof III Ltmc LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Sep 23, 2024, it has sold $705,750 of interests to 8 investors since its first sale in Sep 2024. 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; John Backus, Jr; None Proof Management, LLC.
- Total raised
- $705,750Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Sep 13, 2024
- 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; John Backus, Jr; None Proof Management, LLC
- Latest Form D
- Sep 23, 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 Ltmc LLC
What is the minimum investment for Proof III Ltmc LLC?
Proof III Ltmc LLC's latest Form D, filed Sep 23, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III Ltmc LLC?
Proof III Ltmc 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 Ltmc LLC raised?
Proof III Ltmc LLC reports $705,750 sold from 8 investors on its Form D filed Sep 23, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III Ltmc LLC based?
Proof III Ltmc LLC is based in Reston, Virginia.
When did Proof III Ltmc LLC launch?
Proof III Ltmc LLC reports its first sale in Sep 2024.
Size compared with every venture capital fund
Raised more than 43% of the 140 venture capital funds based in Virginia, and more than 55% of all 14,835 that report sales.