PROOF Fund, L.P. is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed May 8, 2018, it has sold $18,673,469 of interests to 44 investors since its first sale in Aug 2016. The filing does not set a minimum investment. 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 John Backus; Thanasis Delistathis; John Burke.
- Total raised
- $18,673,469Cumulative sales reported on Form D
- Investors
- 44
- First sale
- Aug 31, 2016
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- John Backus; Thanasis Delistathis; John Burke
- Latest Form D
- May 8, 2018
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, L.P.
What is the minimum investment for PROOF Fund, L.P.?
PROOF Fund, L.P.'s latest Form D, filed May 8, 2018, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in PROOF Fund, L.P.?
PROOF Fund, L.P. 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, L.P. raised?
PROOF Fund, L.P. reports $18,673,469 sold from 44 investors on its Form D filed May 8, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is PROOF Fund, L.P. based?
PROOF Fund, L.P. is based in Reston, Virginia.
When did PROOF Fund, L.P. launch?
PROOF Fund, L.P. reports its first sale in Aug 2016.
Size compared with every venture capital fund
Raised more than 93% of the 140 venture capital funds based in Virginia, and more than 92% of all 14,820 that report sales.