Proof II Gl, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Sep 22, 2020, it has sold $5,306,168 of interests to 42 investors since its first sale in Sep 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 John Backus, Jr; none PROOF Management, LLC; John Burke.
- Total raised
- $5,306,168Cumulative sales reported on Form D
- Investors
- 42
- First sale
- Sep 7, 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
- John Backus, Jr; none PROOF Management, LLC; John Burke
- Latest Form D
- Sep 22, 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 Gl, LLC
What is the minimum investment for Proof II Gl, LLC?
Proof II Gl, LLC's latest Form D, filed Sep 22, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof II Gl, LLC?
Proof II Gl, 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 Gl, LLC raised?
Proof II Gl, LLC reports $5,306,168 sold from 42 investors on its Form D filed Sep 22, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof II Gl, LLC based?
Proof II Gl, LLC is based in Reston, Virginia.
When did Proof II Gl, LLC launch?
Proof II Gl, LLC reports its first sale in Sep 2020.
Size compared with every venture capital fund
Raised more than 84% of the 140 venture capital funds based in Virginia, and more than 83% of all 14,835 that report sales.