Proof III Tboi LLC is a venture capital fund based in Arlington, Virginia. According to its most recent Form D, filed May 9, 2025, it has sold $662,190 of interests to 4 investors since its first sale in May 2025. 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 John Backus Jr; Thanasis Delistathis; none PROOF Management LLC.
- Total raised
- $662,190Cumulative sales reported on Form D
- Investors
- 4
- First sale
- May 7, 2025
- 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
- John Backus Jr; Thanasis Delistathis; none PROOF Management LLC
- Latest Form D
- May 9, 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 Proof III Tboi LLC
What is the minimum investment for Proof III Tboi LLC?
Proof III Tboi LLC's latest Form D, filed May 9, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof III Tboi LLC?
Proof III Tboi 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 Tboi LLC raised?
Proof III Tboi LLC reports $662,190 sold from 4 investors on its Form D filed May 9, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof III Tboi LLC based?
Proof III Tboi LLC is based in Arlington, Virginia.
When did Proof III Tboi LLC launch?
Proof III Tboi LLC reports its first sale in May 2025, 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 41% of the 142 venture capital funds based in Virginia, and more than 54% of all 15,160 that report sales.