Form D · Venture Capital Fund

PROOF III FMI LLC

Reston, DE · CIK 0001941757

Offering snapshot reported Jan 26, 2023 · SEC filing

Reported sold: $3.22M
Investors reported: 40
Minimum accepted: $0
First sale: Aug 11, 2022

Fundraising history

Reported sold

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$2,726,498 → $3,221,248
Reported investors38 → 40

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jan 26, 2023	Amendment	$3,221,248	$494,750vs Aug 19, 2022	40	SEC filing
Aug 19, 2022	Initial	$2,726,498	No comparison	38	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-456357

Sales compensation recipients

Scroll to see all columns →

Recipient	CRD	Associated broker-dealer
none	None

Source: Form D, filed Jan 26, 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 III FMI LLC

Investment adviser: PROOF MANAGEMENT, LLC

Gross asset value: $4.02M
Beneficial owners: 51
ADV minimum commitment: $25K

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

Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Filing source

Form ADV 2056928 · Mar 30, 2026 · Schedule D 7.B.(1), fund 805-2416819909

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
Name	Reported role
John C Backus	Director
Thanasis Delistathis	Director
None Proof Management, Llc	Executive
Jennifer A Schretter	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

11911 Freedom Drive Suite 1080
Reston, DE, 20190