Proof II Dt C1, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Mar 25, 2020, it has sold $2,041,334 of interests to 22 investors since its first sale in Mar 2020. 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 Thanasis Delistathis; PROOF Management, LLC PROOF Management, LLC; John Backus.
- Total raised
- $2,041,334Cumulative sales reported on Form D
- Investors
- 22
- First sale
- Mar 17, 2020
- 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
- Thanasis Delistathis; PROOF Management, LLC PROOF Management, LLC; John Backus
- Latest Form D
- Mar 25, 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 II Dt C1, LLC
What is the minimum investment for Proof II Dt C1, LLC?
Proof II Dt C1, LLC's latest Form D, filed Mar 25, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof II Dt C1, LLC?
Proof II Dt C1, 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 II Dt C1, LLC raised?
Proof II Dt C1, LLC reports $2,041,334 sold from 22 investors on its Form D filed Mar 25, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof II Dt C1, LLC based?
Proof II Dt C1, LLC is based in Reston, Virginia.
When did Proof II Dt C1, LLC launch?
Proof II Dt C1, LLC reports its first sale in Mar 2020.
Size compared with every venture capital fund
Raised more than 67% of the 140 venture capital funds based in Virginia, and more than 71% of all 14,865 that report sales.