Form D · Venture Capital Fund

PROOF Fund III, LP

Reston, VA · CIK 0001891599

Offering snapshot reported May 31, 2023 · SEC filing

Reported sold
$124M
Indefinite offering
Investors reported
185
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Nov 18, 2021
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$61.9M$124MDec 1, 2021: $58,714,561.00Dec 1, 2021Feb 10, 2022: $81,715,058.00May 31, 2023: $123,854,692.00May 31, 2023

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$81,715,058 → $123,854,692
  • Reported investors161 → 185

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
May 31, 2023Amendment$123,854,692$42,139,634vs Feb 10, 2022185SEC filing
Feb 10, 2022Amendment$81,715,058$23,000,497vs Dec 1, 2021161SEC filing
Dec 1, 2021Initial$58,714,561No comparison134SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
No
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-423060

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
noneNone

Source: Form D, filed May 31, 2023. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

PROOF FUND III, LP

Investment adviser: PROOF MANAGEMENT, LLC

Gross asset value
$124M
Beneficial owners
203
ADV minimum commitment
$250K

Reported in Form ADV on Mar 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CARTA INVESTORS SERVICES, INC. SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor RSM US LLP BLUE BELL, Pennsylvania, United States
Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

RSM US LLP
PCAOB 49

Filing source

Form ADV 2056928 · Mar 30, 2026 · Schedule D 7.B.(1), fund 805-9234099166

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
John C Backus Jr. Director
Thanasis Delistathis Director
None Proof Gp Iii, Llc Executive
Jennifer A Schretter Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
11911 Freedom Dr., Ste 1080
Reston, VA, 20190