PROOF Network, L.P. is a venture capital fund based in Reston, Virginia. According to its most recent Form D, filed Sep 9, 2016, it has sold $941,684 of interests to 4 investors since its first sale in Aug 2016. 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 None PROOF GP, LLC; Thanasis Delistathis; John Backus.
- Total raised
- $941,684Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Aug 31, 2016
- 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
- None PROOF GP, LLC; Thanasis Delistathis; John Backus
- Latest Form D
- Sep 9, 2016
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 Network, L.P.
What is the minimum investment for PROOF Network, L.P.?
PROOF Network, L.P.'s latest Form D, filed Sep 9, 2016, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in PROOF Network, L.P.?
PROOF Network, L.P. 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 Network, L.P. raised?
PROOF Network, L.P. reports $941,684 sold from 4 investors on its Form D filed Sep 9, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is PROOF Network, L.P. based?
PROOF Network, L.P. is based in Reston, Virginia.
When did PROOF Network, L.P. launch?
PROOF Network, L.P. reports its first sale in Aug 2016.
Size compared with every venture capital fund
Raised more than 50% of the 138 venture capital funds based in Virginia, and more than 59% of all 14,732 that report sales.