Proof III Rmdi, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Jul 31, 2023, it has sold $1,080,500 of interests to 13 investors since its first sale in Jul 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 Thanasis Delistathis; None Proof Management, LLC; John Backus Jr.
- Total raised
- $1,080,500Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Jul 26, 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
- Thanasis Delistathis; None Proof Management, LLC; John Backus Jr
- Latest Form D
- Jul 31, 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 Rmdi, LLC
What is the minimum investment for Proof III Rmdi, LLC?
Proof III Rmdi, LLC's latest Form D, filed Jul 31, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III Rmdi, LLC?
Proof III Rmdi, 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 Rmdi, LLC raised?
Proof III Rmdi, LLC reports $1,080,500 sold from 13 investors on its Form D filed Jul 31, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III Rmdi, LLC based?
Proof III Rmdi, LLC is based in Reston, Virginia.
When did Proof III Rmdi, LLC launch?
Proof III Rmdi, LLC reports its first sale in Jul 2023.
Size compared with every venture capital fund
Raised more than 55% of the 140 venture capital funds based in Virginia, and more than 62% of all 14,829 that report sales.