PROOF Fund II, LP is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Dec 29, 2020, it has sold $109,630,673 of interests to 171 investors since its first sale in May 2019. The minimum investment it accepts from an outside investor is $25,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include none PROOF GP II LLC; John Backus; Thanasis Delistathis.
- Total raised
- $109,630,673Cumulative sales reported on Form D
- Investors
- 171
- First sale
- May 16, 2019
- Minimum investment
- $25,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- none PROOF GP II LLC; John Backus; Thanasis Delistathis
- Latest Form D
- Dec 29, 2020
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 Fund II, LP
What is the minimum investment for PROOF Fund II, LP?
According to its latest Form D, filed Dec 29, 2020, the minimum investment PROOF Fund II, LP accepts from an outside investor is $25,000.
Who can invest in PROOF Fund II, LP?
PROOF Fund II, LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has PROOF Fund II, LP raised?
PROOF Fund II, LP reports $109,630,673 sold from 171 investors on its Form D filed Dec 29, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is PROOF Fund II, LP based?
PROOF Fund II, LP is based in Reston, Virginia.
When did PROOF Fund II, LP launch?
PROOF Fund II, LP reports its first sale in May 2019.
Size compared with every venture capital fund
Raised more than 99% of the 140 venture capital funds based in Virginia, and more than 98% of all 14,840 that report sales.