Proof R1, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Aug 2, 2019, it has sold $6,379,850 of interests to 38 investors since its first sale in Jul 2019. 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; John Burke; Thanasis Delistathis.
- Total raised
- $6,379,850Cumulative sales reported on Form D
- Investors
- 38
- First sale
- Jul 19, 2019
- 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; John Burke; Thanasis Delistathis
- Latest Form D
- Aug 2, 2019
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 R1, LLC
What is the minimum investment for Proof R1, LLC?
Proof R1, LLC's latest Form D, filed Aug 2, 2019, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof R1, LLC?
Proof R1, 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 R1, LLC raised?
Proof R1, LLC reports $6,379,850 sold from 38 investors on its Form D filed Aug 2, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof R1, LLC based?
Proof R1, LLC is based in Reston, Virginia.
When did Proof R1, LLC launch?
Proof R1, LLC reports its first sale in Jul 2019.
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.