PROOF Side II LP is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Dec 29, 2020, it has sold $10,369,327 of interests to 35 investors since its first sale in Jun 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
- $10,369,327Cumulative sales reported on Form D
- Investors
- 35
- First sale
- Jun 11, 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
- Dec 29, 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 Side II LP
What is the minimum investment for PROOF Side II LP?
PROOF Side II LP's latest Form D, filed Dec 29, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in PROOF Side II LP?
PROOF Side II LP 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 Side II LP raised?
PROOF Side II LP reports $10,369,327 sold from 35 investors on its Form D filed Dec 29, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is PROOF Side II LP based?
PROOF Side II LP is based in Reston, Virginia.
When did PROOF Side II LP launch?
PROOF Side II LP reports its first sale in Jun 2019.
Size compared with every venture capital fund
Raised more than 91% of the 138 venture capital funds based in Virginia, and more than 88% of all 14,768 that report sales.