PROOF Skillz II, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Apr 24, 2020, it has sold $2,385,536 of interests to 22 investors since its first sale in Apr 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 John Burke; PROOF Management, LLC PROOF Management, LLC; Thanasis Delistathis.
- Total raised
- $2,385,536Cumulative sales reported on Form D
- Investors
- 22
- First sale
- Apr 9, 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
- John Burke; PROOF Management, LLC PROOF Management, LLC; Thanasis Delistathis
- Latest Form D
- Apr 24, 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 Skillz II, LLC
What is the minimum investment for PROOF Skillz II, LLC?
PROOF Skillz II, LLC's latest Form D, filed Apr 24, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in PROOF Skillz II, LLC?
PROOF Skillz II, 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 Skillz II, LLC raised?
PROOF Skillz II, LLC reports $2,385,536 sold from 22 investors on its Form D filed Apr 24, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is PROOF Skillz II, LLC based?
PROOF Skillz II, LLC is based in Reston, Virginia.
When did PROOF Skillz II, LLC launch?
PROOF Skillz II, LLC reports its first sale in Apr 2020.
Size compared with every venture capital fund
Raised more than 71% of the 140 venture capital funds based in Virginia, and more than 73% of all 14,835 that report sales.