Proof Dpi, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Apr 27, 2021, it has sold $3,534,609 of interests to 32 investors since its first sale in Apr 2021. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include none PROOF GP, LLC; John Backus, Jr; Thanasis Delistathis.
- Total raised
- $3,534,609Cumulative sales reported on Form D
- Investors
- 32
- First sale
- Apr 15, 2021
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- none PROOF GP, LLC; John Backus, Jr; Thanasis Delistathis
- Latest Form D
- Apr 27, 2021
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Proof Dpi, LLC
What is the minimum investment for Proof Dpi, LLC?
Proof Dpi, LLC's latest Form D, filed Apr 27, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof Dpi, LLC?
Proof Dpi, LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Proof Dpi, LLC raised?
Proof Dpi, LLC reports $3,534,609 sold from 32 investors on its Form D filed Apr 27, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof Dpi, LLC based?
Proof Dpi, LLC is based in Reston, Virginia.
When did Proof Dpi, LLC launch?
Proof Dpi, LLC reports its first sale in Apr 2021.
Size compared with every venture capital fund
Raised more than 79% of the 138 venture capital funds based in Virginia, and more than 78% of all 14,768 that report sales.