Proof Dpi3, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Nov 14, 2024, it has sold $1,848,850 of interests to 22 investors since its first sale in Nov 2024. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include John Backus Jr; Thanasis Delistathis; None Proof GP, LLC.
- Total raised
- $1,848,850Cumulative sales reported on Form D
- Investors
- 22
- First sale
- Nov 7, 2024
- 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
- John Backus Jr; Thanasis Delistathis; None Proof GP, LLC
- Latest Form D
- Nov 14, 2024
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 Dpi3, LLC
What is the minimum investment for Proof Dpi3, LLC?
Proof Dpi3, LLC's latest Form D, filed Nov 14, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof Dpi3, LLC?
Proof Dpi3, 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 Dpi3, LLC raised?
Proof Dpi3, LLC reports $1,848,850 sold from 22 investors on its Form D filed Nov 14, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof Dpi3, LLC based?
Proof Dpi3, LLC is based in Reston, Virginia.
When did Proof Dpi3, LLC launch?
Proof Dpi3, LLC reports its first sale in Nov 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 64% of the 142 venture capital funds based in Virginia, and more than 70% of all 15,160 that report sales.