Proof II Pai, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Aug 27, 2021, it has sold $5,472,393 of interests to 24 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; Thanasis Delistathis; John Backus, Jr.
- Total raised
- $5,472,393Cumulative sales reported on Form D
- Investors
- 24
- First sale
- Aug 24, 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; Thanasis Delistathis; John Backus, Jr
- Latest Form D
- Aug 27, 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 Pai, LLC
What is the minimum investment for Proof II Pai, LLC?
Proof II Pai, LLC's latest Form D, filed Aug 27, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof II Pai, LLC?
Proof II Pai, 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 Pai, LLC raised?
Proof II Pai, LLC reports $5,472,393 sold from 24 investors on its Form D filed Aug 27, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof II Pai, LLC based?
Proof II Pai, LLC is based in Reston, Virginia.
When did Proof II Pai, LLC launch?
Proof II Pai, LLC reports its first sale in Aug 2021.
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 14,840 that report sales.