PROOF Side III, LP is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed May 31, 2023, it has sold $12,327,748 of interests to 34 investors since its first sale in Dec 2021. 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 GP III, LLC; Thanasis Delistathis; Jennifer Schretter.
- Total raised
- $12,327,748Cumulative sales reported on Form D
- Investors
- 34
- First sale
- Dec 1, 2021
- 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 GP III, LLC; Thanasis Delistathis; Jennifer Schretter
- Latest Form D
- May 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 Side III, LP
What is the minimum investment for PROOF Side III, LP?
PROOF Side III, LP's latest Form D, filed May 31, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in PROOF Side III, LP?
PROOF Side III, LP 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 Side III, LP raised?
PROOF Side III, LP reports $12,327,748 sold from 34 investors on its Form D filed May 31, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is PROOF Side III, LP based?
PROOF Side III, LP is based in Reston, Virginia.
When did PROOF Side III, LP launch?
PROOF Side III, LP reports its first sale in Dec 2021.
Size compared with every venture capital fund
Raised more than 91% of the 138 venture capital funds based in Virginia, and more than 89% of all 14,768 that report sales.