Proof III Rvci LLC is a venture capital fund based in Arlington, Virginia. According to its most recent Form D, filed Jun 17, 2025, it has sold $522,000 of interests to 5 investors since its first sale in Jun 2025. 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 Thanasis Delistathis; none PROOF MANAGEMENT, LLC; John Backus, Jr.
- Total raised
- $522,000Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Jun 16, 2025
- 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
- Jun 17, 2025
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 Rvci LLC
What is the minimum investment for Proof III Rvci LLC?
Proof III Rvci LLC's latest Form D, filed Jun 17, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III Rvci LLC?
Proof III Rvci 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 Rvci LLC raised?
Proof III Rvci LLC reports $522,000 sold from 5 investors on its Form D filed Jun 17, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III Rvci LLC based?
Proof III Rvci LLC is based in Arlington, Virginia.
When did Proof III Rvci LLC launch?
Proof III Rvci LLC reports its first sale in Jun 2025, 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 37% of the 142 venture capital funds based in Virginia, and more than 50% of all 15,160 that report sales.