Proof III C8ai LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Apr 4, 2022, it has sold $3,545,535 of interests to 13 investors since its first sale in Mar 2022. 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 Management, LLC; Thanasis DELISTATHIS; Jennifer Schretter.
- Total raised
- $3,545,535Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Mar 24, 2022
- 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 Management, LLC; Thanasis DELISTATHIS; Jennifer Schretter
- Latest Form D
- Apr 4, 2022
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 C8ai LLC
What is the minimum investment for Proof III C8ai LLC?
Proof III C8ai LLC's latest Form D, filed Apr 4, 2022, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III C8ai LLC?
Proof III C8ai 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 C8ai LLC raised?
Proof III C8ai LLC reports $3,545,535 sold from 13 investors on its Form D filed Apr 4, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III C8ai LLC based?
Proof III C8ai LLC is based in Reston, Virginia.
When did Proof III C8ai LLC launch?
Proof III C8ai LLC reports its first sale in Mar 2022.
Size compared with every venture capital fund
Raised more than 79% of the 138 venture capital funds based in Virginia, and more than 78% of all 14,732 that report sales.