Chaac Ventures Fund III, LP is a venture capital fund based in Santa Monica, California. According to its most recent Form D, filed Dec 11, 2025, it has sold $4,400,000 of interests to 20 investors since its first sale in Dec 2024. 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 Andrew Armour; Chaac Ventures GP III LLC; Luke Armour.
- Total raised
- $4,400,000Cumulative sales reported on Form D
- Investors
- 20
- First sale
- Dec 11, 2024
- 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
- Andrew Armour; Chaac Ventures GP III LLC; Luke Armour
- Latest Form D
- Dec 11, 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 Chaac Ventures Fund III, LP
What is the minimum investment for Chaac Ventures Fund III, LP?
Chaac Ventures Fund III, LP's latest Form D, filed Dec 11, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Chaac Ventures Fund III, LP?
Chaac Ventures Fund 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 Chaac Ventures Fund III, LP raised?
Chaac Ventures Fund III, LP reports $4,400,000 sold from 20 investors on its Form D filed Dec 11, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Chaac Ventures Fund III, LP based?
Chaac Ventures Fund III, LP is based in Santa Monica, California.
When did Chaac Ventures Fund III, LP launch?
Chaac Ventures Fund III, LP reports its first sale in Dec 2024, 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 66% of the 2,268 venture capital funds based in California, and more than 80% of all 15,160 that report sales.