Proof Dpi2, LLC is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Sep 21, 2023, it has sold $5,861,750 of interests to 63 investors since its first sale in Sep 2023. 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 Thanasis Delistathis; John Burke; John Backus Jr.
- Total raised
- $5,861,750Cumulative sales reported on Form D
- Investors
- 63
- First sale
- Sep 11, 2023
- 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
- Thanasis Delistathis; John Burke; John Backus Jr
- Latest Form D
- Sep 21, 2023
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 Dpi2, LLC
What is the minimum investment for Proof Dpi2, LLC?
Proof Dpi2, LLC's latest Form D, filed Sep 21, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Proof Dpi2, LLC?
Proof Dpi2, 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 Dpi2, LLC raised?
Proof Dpi2, LLC reports $5,861,750 sold from 63 investors on its Form D filed Sep 21, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Proof Dpi2, LLC based?
Proof Dpi2, LLC is based in Reston, Virginia.
When did Proof Dpi2, LLC launch?
Proof Dpi2, LLC reports its first sale in Sep 2023.
Size compared with every venture capital fund
Raised more than 85% of the 138 venture capital funds based in Virginia, and more than 84% of all 14,732 that report sales.