PROOF
PROOF last closed a fund in September 2025 — 14 months ago.
PROOF has raised 5 times about every 25 months. The last was PROOF Fund IV, LP. That points to Jul 2027.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
Filed a single-deal vehicle on Wednesday 4 November 2026 — PROOF ZLI, LLC, $875,500. 021-603586 ↗ This is newer than the record below, which is rebuilt quarterly. See the feed.
This firm closed a fund in the last 18 months, so it has money to put to work now as of the last quarterly rebuild.
- Funds on file
- 48
- Single-deal SPVs
- 10
- Capital raised
- $407M
- Latest close
- September 2025
- Based in
- DE, VA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| PROOF IV CDI LLC | September 2025 | $1M | 0002087998 ↗ |
| PROOF SIDE IV, LP | June 2025 | $637,755 | 0002061596 ↗ |
| PROOF Fund IV, LP | June 2025 | $27M | 0002061594 ↗ |
| PROOF III TBOI LLC | May 2025 | $662,190 | 0002066826 ↗ |
| PROOF II RLH LLC | July 2024 | $1M | 0002031218 ↗ |
| PROOF III ADGT LLC | December 2023 | $676,254 | 0002006525 ↗ |
| PROOF III PDI LLC | November 2023 | $2M | 0002001109 ↗ |
| PROOF DPI3, LLC | October 2023 | $2M | 0001997677 ↗ |
| PROOF DPI2, LLC | September 2023 | $6M | 0001993396 ↗ |
| PROOF III RMDI, LLC | July 2023 | $1M | 0001987220 ↗ |
| PROOF II VI, LLC | July 2023 | $7M | 0001984277 ↗ |
| PROOF ZLI, LLC | April 2023 | $3M | 0001975210 ↗ |
| PROOF III CBSI LLC | March 2023 | $2M | 0001966338 ↗ |
| PROOF III SHI LLC | February 2023 | $446,250 | 0001966513 ↗ |
| PROOF III UMTI LLC | January 2023 | $1M | 0001963220 ↗ |
| PROOF III VDM LLC | August 2022 | $4M | 0001943763 ↗ |
| PROOF III FMI LLC | August 2022 | $3M | 0001941757 ↗ |
| PROOF II OTS2, LLC | July 2022 | $2M | 0001939507 ↗ |
| PROOF III ACI LLC | July 2022 | $669,754 | 0001939508 ↗ |
| PROOF III C8AI LLC | March 2022 | $4M | 0001919908 ↗ |
| PROOF III HTL, LLC | February 2022 | $5M | 0001914569 ↗ |
| PROOF Side III, LP | December 2021 | $12M | 0001891600 ↗ |
| PROOF Fund III, LP | November 2021 | $124M | 0001891599 ↗ |
| PROOF II SSI, LLC | November 2021 | $4M | 0001894743 ↗ |
| PROOF II PEI, LLC | November 2021 | $1M | 0001891597 ↗ |
| PROOF II LI, LLC | August 2021 | $957,098 | 0001880267 ↗ |
| PROOF II Oakhouse IBQP, LLC | July 2021 | $2M | 0001871787 ↗ |
| PROOF II Oakhouse IB, LLC | July 2021 | $707,235 | 0001871795 ↗ |
| PROOF II Javelin MGI, LLC | May 2021 | $565,950 | 0001863932 ↗ |
| PROOF DPQPI, LLC | April 2021 | $16M | 0001858570 ↗ |
| PROOF II MC, LLC | April 2021 | $5M | 0001858569 ↗ |
| PROOF JP, LLC | November 2020 | $1M | 0001833351 ↗ |
| PROOF II Javelin CH, LLC | November 2020 | $1M | 0001832713 ↗ |
| PROOF II OTS, LLC | July 2020 | $7M | 0001819421 ↗ |
| PROOF R2, LLC | May 2020 | $231,000 | 0001813088 ↗ |
| PROOF Skillz II, LLC | April 2020 | $2M | 0001809369 ↗ |
| PROOF II DT C1, LLC | March 2020 | $2M | 0001806644 ↗ |
| PROOF II VM, LLC | March 2020 | $8M | 0001806671 ↗ |
| PROOF II CVC, LLC | February 2020 | $746,984 | 0001803093 ↗ |
| PROOF II CVC C1, LLC | February 2020 | $2M | 0001805357 ↗ |
| PROOF R1, LLC | July 2019 | $6M | 0001783274 ↗ |
| PROOF Side II LP | June 2019 | $10M | 0001779350 ↗ |
| PROOF Fund II, LP | May 2019 | $110M | 0001777614 ↗ |
| PROOF AP, LLC | July 2018 | $521,402 | 0001744281 ↗ |
| PROOF AVC2, LLC | May 2018 | $643,750 | 0001741488 ↗ |
| PROOF Side, L.P. | August 2016 | $1M | 0001672264 ↗ |
| PROOF Network, L.P. | August 2016 | $941,684 | 0001672263 ↗ |
| PROOF Fund, L.P. | August 2016 | $13M | 0001635017 ↗ |
| PROOF Sweetgreen, LLC, a series of PROOF Master I, LLC | January 2019 | $2M | 0001761090 ↗ |
| Oakhouse Partners P1, LLC, a series of PROOF Master I, LLC | December 2018 | $2M | 0001761091 ↗ |
| PROOF Skillz, LLC, a series of PROOF Master I, LLC | December 2018 | $4M | 0001762048 ↗ |
| BM2 P, LLC, a series of PROOF Master I, LLC | October 2018 | $11M | 0001754680 ↗ |
| RV2 P, LLC, a Series of Proof Master I, LLC | July 2018 | $2M | 0001747533 ↗ |
| FVC2 P, LLC, a series of PROOF Master I, LLC | June 2018 | $772,499 | 0001743790 ↗ |
| RV1 P, LLC, a Series of Proof Master I, LLC | May 2018 | $772,500 | 0001741481 ↗ |
| HP1 P, LLC, a Series of Proof Master I, LLC | May 2018 | $386,250 | 0001741485 ↗ |
| FCG1 P, LLC, a Series of PROOF Master I, LLC | January 2018 | $587,100 | 0001725192 ↗ |
| BM1 P, a Series of PROOF Master I, LLC | November 2017 | $978,500 | 0001719807 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Thanasis Delistathis, John Burke, John Backus, John Backus Jr., Jennifer Schretter, Jack Backus, Sahej Suri
What PROOF invests in
- Typical fund
- $2M median, pre-seed / seed scale
- Website
- proof.vc
Service providers
- Fund administrator
- Carta (8 funds)
- Auditor
- RSM (4 funds)
From Form ADV filed by PROOF MANAGEMENT, LLC CRD 285482 ↗, latest filing March 2026, covering 8 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.