Proof fund raises $18.6 mln toward target

Reston, Virginia-based Proof has raised more than $18.6 million toward a targeted $100 million fund, according to a regulatory filing. The filing reports the commitments to date have come from 44 investors. The fund, co-founded by John Backus, John Burke and Thanasis Delistathis, teams up with early-stage firms to support their pro-rata investments in subsequent rounds of their portfolio companies. Investments include Beyond Meat, Casper and Signifyd, among others.