Proximity Exploration I, LLC is a venture capital fund based in New York, New York. According to its most recent Form D, filed Oct 28, 2025, it has sold $11,282,888 of interests to 2 investors since its first sale in Jun 2025. 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 Neil Sirni; Proximity Exploration I MM, LLC.
- Total raised
- $11,282,888Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Jun 25, 2025
- 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
- Neil Sirni; Proximity Exploration I MM, LLC
- Latest Form D
- Oct 28, 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 Proximity Exploration I, LLC
What is the minimum investment for Proximity Exploration I, LLC?
Proximity Exploration I, LLC's latest Form D, filed Oct 28, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proximity Exploration I, LLC?
Proximity Exploration 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 Exploration I, LLC raised?
Proximity Exploration I, LLC reports $11,282,888 sold from 2 investors on its Form D filed Oct 28, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Proximity Exploration I, LLC based?
Proximity Exploration I, LLC is based in New York, New York.
When did Proximity Exploration I, LLC launch?
Proximity Exploration I, LLC reports its first sale in Jun 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 79% of the 1,252 venture capital funds based in New York, and more than 89% of all 15,160 that report sales.