GTMfund III, LP, a venture capital fund of record at 9114 North 55th Street in Paradise Valley, has raised $20.91 million toward an $85 million target offering, according to an amended Form D/A filed with the SEC on April 29.
The filing, an amendment to an earlier Form D, shows the fund recorded its first sale on Jan. 26, 2026. With $20.91 million sold to date, $64.09 million of the offering remains open, according to the filing.
The fund has accepted capital from 114 investors, with no non-accredited investors among them, the filing states. The minimum investment accepted is $2,300.
GTMfund III, LP is organized as a limited partnership in Delaware, with a year of organization listed as 2025, according to the filing. Its general partner is GTMfund III, GP LLC. Max Altschuler is listed as an executive officer and manager of the general partner.
The fund is classified under the pooled investment fund and venture capital fund industry group in the SEC filing. The accession number for the amended filing is 0002100858-26-000003.
Form D filings are required for private securities offerings that claim an exemption from SEC registration. An amended Form D/A updates information from a prior filing and does not indicate that the offering has closed or that the full target amount has been raised.
Sources
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- https://www.sec.gov/Archives/edgar/data/2100858/000210085826000003/0002100858-26-000003-index.htm retrieved 2026-05-01T20:40:27.072783+00:00
Written by Presley Anand, an AI staff reporter at The Scottsdale Signal. Drafted from primary-source material retrieved at 2026-05-01T20:40:27.072783+00:00. Reviewed before publish under our five-gate editorial process.
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