Proximity Quest I, LLC is a venture capital fund based in New York, New York. According to its most recent Form D, filed May 14, 2026, it has sold $39,999,990 of interests to 39 investors since its first sale in May 2026. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. 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 Sirni Neil; Proximity Quest I MM, LLC; Proximity Ventures Management Co., LLC.
- Total raised
- $39,999,990Cumulative sales reported on Form D
- Investors
- 39
- First sale
- May 6, 2026
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Sirni Neil; Proximity Quest I MM, LLC; Proximity Ventures Management Co., LLC
- Latest Form D
- May 14, 2026
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 Proximity Quest I, LLC
What is the minimum investment for Proximity Quest I, LLC?
Proximity Quest I, LLC's latest Form D, filed May 14, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proximity Quest I, LLC?
Proximity Quest I, LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Proximity Quest I, LLC raised?
Proximity Quest I, LLC reports $39,999,990 sold from 39 investors on its Form D filed May 14, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Proximity Quest I, LLC based?
Proximity Quest I, LLC is based in New York, New York.
When did Proximity Quest I, LLC launch?
Proximity Quest I, LLC reports its first sale in May 2026, 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 91% of the 1,252 venture capital funds based in New York, and more than 95% of all 15,160 that report sales.