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At a Glance

Check Size
$250K – $3M
Stage
Seed, Series A
AUM
$60M
Sectors
Enterprise, SaaS, DevTools
Founded
2018
HQ
Austin, TX

About PROOF VC

PROOF VC operates as a specialized early-stage venture capital firm targeting enterprise software companies across the seed and Series A stages. Based in Austin, the firm has carved out a niche in the increasingly competitive Texas startup ecosystem by focusing specifically on B2B software companies that demonstrate clear product-market fit indicators and sustainable business models.

The firm's $60 million in assets under management positions it as a mid-tier player in the Austin venture capital scene, smaller than major funds like ATX Venture Partners but with a highly focused investment mandate. PROOF VC's investment philosophy centers on backing companies that have moved beyond the pure concept stage and show tangible evidence of customer traction and revenue generation.

This approach reflects the firm's emphasis on reducing investment risk by focusing on businesses with proven demand rather than speculative early-stage ventures. The firm's sector focus on enterprise software, SaaS, and developer tools aligns with Austin's growing reputation as a major technology hub, particularly for B2B companies seeking alternatives to Silicon Valley. Austin's lower costs and growing talent pool have made it attractive for enterprise software startups, creating a natural pipeline for PROOF VC's investment strategy.

The firm's emphasis on profitability paths distinguishes it from venture capital firms that prioritize rapid growth over sustainable unit economics. This approach has become increasingly relevant as the venture capital market has shifted toward profitability and efficient capital deployment following the market corrections of recent years. PROOF VC's relatively recent founding in 2018 means the firm is still establishing its track record and reputation within the broader venture capital ecosystem.

The timing of its launch positioned it to benefit from Austin's continued growth as a technology center, though it also meant launching during a period of intense competition for deal flow and later navigating the market volatility of 2022-2023. The firm's focus on demonstrated traction and clear monetization strategies reflects lessons learned from previous market cycles where many early-stage companies struggled to achieve sustainable business models.

Investment Thesis

“Investing in enterprise software companies that have proven their value proposition with early customer traction.”

Sector Focus

Investment Stage

Pre-Seed
SeedSeries A
Series B+

Notable Portfolio Companies

LLessonly
ZZenoss
FFlashGrid

Key Team (3)

T

Thanasis Delistathis

CO-FOUNDER, MANAGING PARTNER

J

John Burke

CO-FOUNDER, MANAGING PARTNER

B

Bryan Ciambella

General Partner

Fund History

  • PROOF VC appears to be operating from its initial fund vehicle since its 2018 founding, with $60 million in assets under management representing their current investment capacity.
  • As a relatively young firm, detailed information about multiple fund cycles or performance metrics is not yet publicly available.
  • The firm's fund size positions it appropriately for their seed and Series A investment strategy in the enterprise software sector.

SEC Fund Filings

Vehicles filed, last 24 months
27
Latest filing

PROOF VC filed a Form D for 27 fund vehicles between Sep 30, 2024 and Sep 29, 2026. The 8 most recent:

Fund vehicleSource
PROOF II GI LLCSEC Form D, filed
PROOF IV ONBI LLCSEC Form D, filed
PROOF IV FHI LLCSEC Form D, filed
PROOF AP, LLCSEC Form D, filed
PROOF IV RFI LLCSEC Form D, filed
PROOF III FTC LLCSEC Form D, filed
PROOF ZLI, LLCSEC Form D, filed
PROOF IV GXAI LLCSEC Form D, filed

A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.

Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to PROOF VC by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.

Related Articles (6)

Frequently Asked Questions

What stage does PROOF VC invest at?

PROOF VC primarily invests at the Seed, Series A stages. This means they focus on companies that are building their initial product and finding product-market fit.

Where is PROOF VC located?

PROOF VC is headquartered in Austin, TX. Many of their portfolio companies are also based in this region, though they invest across geographies.

What sectors does PROOF VC focus on?

PROOF VC focuses on investments in Enterprise, SaaS, DevTools. Their portfolio reflects deep expertise and networks within these sectors.

What is PROOF VC's typical check size?

PROOF VC's typical investment check size ranges from $250K to $3M. Actual amounts may vary based on the stage, sector, and specific opportunity.

How much does PROOF VC have under management?

PROOF VC manages approximately $60M in assets under management (AUM) across their funds.

Fund Operations Resources

Running a fund like PROOF VC? Independent guides to the software and processes emerging managers use to operate.

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