Proof III Udsi LLC is a venture capital fund based in Arlington, Virginia. According to its most recent Form D, filed Feb 28, 2025, it has sold $928,500 of interests to 8 investors since its first sale in Feb 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 Bryan Ciambella; none PROOF MANAGEMENT, LLC; John Backus Jr.
- Total raised
- $928,500Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Feb 25, 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
- Bryan Ciambella; none PROOF MANAGEMENT, LLC; John Backus Jr
- Latest Form D
- Feb 28, 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 Udsi LLC
What is the minimum investment for Proof III Udsi LLC?
Proof III Udsi LLC's latest Form D, filed Feb 28, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III Udsi LLC?
Proof III Udsi 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 Udsi LLC raised?
Proof III Udsi LLC reports $928,500 sold from 8 investors on its Form D filed Feb 28, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III Udsi LLC based?
Proof III Udsi LLC is based in Arlington, Virginia.
When did Proof III Udsi LLC launch?
Proof III Udsi LLC reports its first sale in Feb 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 48% of the 142 venture capital funds based in Virginia, and more than 59% of all 15,160 that report sales.