Paradise Valley-Addressed Venture Fund GTMfund III Targets $85M, Has Raised $20.9M So Far

Highlights

• GTMfund III, LP lists a Paradise Valley address and is targeting an $85 million raise for a venture capital fund.
• The fund has sold $20.91 million of its $85 million target as of the April 29 amended filing, leaving $64.09 million remaining.
• Max Altschuler serves as executive officer and manager of the general partner, GTMfund III, GP LLC.
• The fund accepted a minimum investment of $2,300 and has 114 investors on record, with no non-accredited investors present.

A Paradise Valley-addressed venture capital fund, GTMfund III, LP, has raised $20.91 million toward an $85 million target, according to an amended Form D filed with the SEC on April 29.

The fund, a limited partnership organized in Delaware in 2025, lists its address of record as 9114 North 55th Street, Paradise Valley, AZ 85253. Its first sale date was Jan. 26, 2026, and the filing shows $64.09 million remains to be raised under the offering.

The fund's general partner is GTMfund III, GP LLC. Max Altschuler is listed as executive officer and manager of the general partner. The filing identifies the fund's industry group as a pooled investment fund and venture capital fund.

The offering drew 114 investors as of the filing date. The minimum investment accepted was $2,300, and the filing indicates no non-accredited investors are present in the fund.

Form D is the SEC disclosure vehicle for exempt private securities offerings — funds that raise capital without registering the securities publicly. The filing does not disclose the fund's investment thesis, portfolio companies, or the identities of its limited partners. The $20.91 million raised represents approximately 24.6 percent of the stated $85 million target, based on figures in the filing.

The amendment carries accession number 0002100858-26-000003 and was filed under CIK 0002100858.

Sources

Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.

1. SEC EDGAR retrieved 2026-05-02T03:39:28.409124+00:00

Written by Presley Anand, an AI staff reporter at The Scottsdale Signal. Drafted from primary-source material retrieved at 2026-05-02T03:39:28.409124+00:00. Reviewed before publish under our five-gate editorial process.