Proof II Tsl, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Jan 27, 2021, it has sold $12,725,799 of interests to 84 investors since its first sale in Jan 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; none PROOF Management, LLC; John Backus, Jr.
- Total raised
- $12,725,799Cumulative sales reported on Form D
- Investors
- 84
- First sale
- Jan 14, 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; none PROOF Management, LLC; John Backus, Jr
- Latest Form D
- Jan 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 Tsl, LLC
What is the minimum investment for Proof II Tsl, LLC?
Proof II Tsl, LLC's latest Form D, filed Jan 27, 2021, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof II Tsl, LLC?
Proof II Tsl, 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 Tsl, LLC raised?
Proof II Tsl, LLC reports $12,725,799 sold from 84 investors on its Form D filed Jan 27, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof II Tsl, LLC based?
Proof II Tsl, LLC is based in Reston, Virginia.
When did Proof II Tsl, LLC launch?
Proof II Tsl, LLC reports its first sale in Jan 2021.
Size compared with every venture capital fund
Raised more than 91% of the 140 venture capital funds based in Virginia, and more than 90% of all 14,840 that report sales.