Proof III Kue LLC is a venture capital fund based in Arlington, Virginia. According to its most recent Form D, filed Dec 18, 2024, it has sold $1,960,441 of interests to 18 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 Jennifer Schretter; John Backus, Jr; Bryan Ciambella.
- Total raised
- $1,960,441Cumulative sales reported on Form D
- Investors
- 18
- First sale
- Dec 13, 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
- Jennifer Schretter; John Backus, Jr; Bryan Ciambella
- Latest Form D
- Dec 18, 2024
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 Kue LLC
What is the minimum investment for Proof III Kue LLC?
Proof III Kue LLC's latest Form D, filed Dec 18, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III Kue LLC?
Proof III Kue 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 Kue LLC raised?
Proof III Kue LLC reports $1,960,441 sold from 18 investors on its Form D filed Dec 18, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III Kue LLC based?
Proof III Kue LLC is based in Arlington, Virginia.
When did Proof III Kue LLC launch?
Proof III Kue LLC 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 65% of the 142 venture capital funds based in Virginia, and more than 71% of all 15,160 that report sales.