Proof III Odi LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Jul 31, 2024, it has sold $485,000 of interests to 12 investors since its first sale in Jul 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 None Proof Management LLC; Bryan Ciambella; Jennifer Schretter.
- Total raised
- $485,000Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Jul 23, 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
- None Proof Management LLC; Bryan Ciambella; Jennifer Schretter
- Latest Form D
- Jul 31, 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 Odi LLC
What is the minimum investment for Proof III Odi LLC?
Proof III Odi LLC's latest Form D, filed Jul 31, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III Odi LLC?
Proof III Odi 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 Odi LLC raised?
Proof III Odi LLC reports $485,000 sold from 12 investors on its Form D filed Jul 31, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III Odi LLC based?
Proof III Odi LLC is based in Reston, Virginia.
When did Proof III Odi LLC launch?
Proof III Odi LLC reports its first sale in Jul 2024.
Size compared with every venture capital fund
Raised more than 34% of the 140 venture capital funds based in Virginia, and more than 48% of all 14,840 that report sales.