Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Funds / Proof Fund III, LP

Proof Fund III, LP

MatureUnknownFundADV: Venture Capital FundProofDelaware
Amounts, each with its basis
Vintage
2021basis: form d first sale
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
indefinitewhat may be sold, not what was raised; file 021-423060, sworn by the adviser or filed under this vehicle
Form D sold
$124Mas of the filing of May 31, 2023, 185 investors
First sale
Nov 18, 2021
Reported GAV
$114Mon the Form ADV filed Mar 13, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
198
Reported on ADV
Mar 29, 2022 to Mar 13, 2024
Fundraising evidence
Unknown
latest Form D 2023-05-31, older than 15 months (fr-1)
evidence dated May 31, 2023. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Mature
vintage 4 to 7 years
age years: 5first sale: 2021-11-18vintage year: $2,021adv gav as of: 2024-03-13vintage basis: form_d_first_saleform d sold usd: $124Mform d offering usd: n/aform d latest filed at: 2023-05-31
The fund's own reporting through time
3 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 29, 2022Venture Capital Fund$58.4M
128$25,0002%no
Mar 8, 2023Venture Capital Fund$105M
187$25,0002%yes
Mar 13, 2024Venture Capital Fund$114M
198$250,0002%yes
Principals and agents
4 principals on Form D, 0 placement agents
Limited partners and their reported performance
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
4 events
  1. May 31, 2023
    PROOF Fund III, LP filed Form D/A: $123,854,692 sold (indefinite offering), Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  2. Mar 29, 2022
    Proof Fund III, LP first reported on Form ADV by Proof (Venture Capital Fund), GAV $58,412,974
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Feb 10, 2022
    PROOF Fund III, LP filed Form D/A: $81,715,058 sold (indefinite offering), Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  4. Dec 1, 2021
    PROOF Fund III, LP filed Form D: $58,714,561 sold (indefinite offering), Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
48 observations
Every observation on this vehicle