Proof II Li, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Aug 26, 2021, it has sold $957,098 of interests to 11 investors since its first sale in Aug 2021. 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 Burke; John Backus, Jr; Thanasis Delistathis.
- Total raised
- $957,098Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Aug 13, 2021
- 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 Burke; John Backus, Jr; Thanasis Delistathis
- Latest Form D
- Aug 26, 2021
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 Li, LLC
What is the minimum investment for Proof II Li, LLC?
Proof II Li, LLC's latest Form D, filed Aug 26, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof II Li, LLC?
Proof II Li, 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 Li, LLC raised?
Proof II Li, LLC reports $957,098 sold from 11 investors on its Form D filed Aug 26, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof II Li, LLC based?
Proof II Li, LLC is based in Reston, Virginia.
When did Proof II Li, LLC launch?
Proof II Li, LLC reports its first sale in Aug 2021.
Size compared with every venture capital fund
Raised more than 51% of the 140 venture capital funds based in Virginia, and more than 59% of all 14,840 that report sales.