Proof II Ots, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Mar 24, 2021, it has sold $6,559,638 of interests to 51 investors since its first sale in Mar 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 Backus, Jr; John Burke; Thanasis Delistathis.
- Total raised
- $6,559,638Cumulative sales reported on Form D
- Investors
- 51
- First sale
- Mar 8, 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 Backus, Jr; John Burke; Thanasis Delistathis
- Latest Form D
- Mar 24, 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 Ots, LLC
What is the minimum investment for Proof II Ots, LLC?
Proof II Ots, LLC's latest Form D, filed Mar 24, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof II Ots, LLC?
Proof II Ots, 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 Ots, LLC raised?
Proof II Ots, LLC reports $6,559,638 sold from 51 investors on its Form D filed Mar 24, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof II Ots, LLC based?
Proof II Ots, LLC is based in Reston, Virginia.
When did Proof II Ots, LLC launch?
Proof II Ots, LLC reports its first sale in Mar 2021.
Size compared with every venture capital fund
Raised more than 86% of the 140 venture capital funds based in Virginia, and more than 84% of all 14,800 that report sales.