Proof R2, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Jun 1, 2020, it has sold $231,000 of interests to 2 investors since its first sale in May 2020. 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 PROOF Management, LLC PROOF Management, LLC; John Backus; John Burke.
- Total raised
- $231,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- May 29, 2020
- 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
- PROOF Management, LLC PROOF Management, LLC; John Backus; John Burke
- Latest Form D
- Jun 1, 2020
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 R2, LLC
What is the minimum investment for Proof R2, LLC?
Proof R2, LLC's latest Form D, filed Jun 1, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof R2, LLC?
Proof R2, 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 R2, LLC raised?
Proof R2, LLC reports $231,000 sold from 2 investors on its Form D filed Jun 1, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof R2, LLC based?
Proof R2, LLC is based in Reston, Virginia.
When did Proof R2, LLC launch?
Proof R2, LLC reports its first sale in May 2020.
Size compared with every venture capital fund
Raised more than 23% of the 140 venture capital funds based in Virginia, and more than 33% of all 14,800 that report sales.