Morpheus Ventures III, L.P.

Fundmanaged by Morpheus Advisors· Delaware
Vintage
2023
Form D sold
$94.8M
Reported gross assets
$57.8M
Form ADV, Mar 12, 2026
FundraisingActive offering evidenceADV: Venture Capital Fund
More
As of · the latest observation of this vehicle; each figure below carries its own filing date

3 additional principals, 1 additional placement agent

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. $94.8M
    sold at the filing

    Latest Form D filed on 18 Dec 2025: $94.8M sold of $150M offered, 102 investors. A Form D amount is what was sold at the filing, never a final close.

    A new or amended Form D means the vehicle is taking money now.

    FactSEC Form DFor LPs, placement agentsFundraising evidence →
  2. +217%
    reported GAV

    Reported gross assets rose from $18.3M to $57.8M between the Form ADV filings of 2 Apr 2024 and 12 Mar 2026.

    The fund's assets as the adviser swears them, never its size or dry powder.

    Derivedtwo Form ADV Schedule D filingsFor LPs, secondaries buyersReporting →
  3. 1 agent
    placement

    1 placement agent named on the vehicle's Form D filings.

    A placement agent means the vehicle is marketed to outside LPs.

    FactSEC Form D, sales compensation recipientsFor LPs, service providersPrincipals and agents →
Drawing the relationship network…

Amounts, each with its basis

Vintage
2023basis: form d first sale
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
$150Mwhat may be sold, not what was raised; file 021-499838, sworn by the adviser or filed under this vehicle
Form D sold
$94.8Mas of the filing of Dec 18, 2025, 102 investors
First sale
Dec 15, 2023
Reported GAV
$57.8Mon the Form ADV filed Mar 12, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
33
Reported on ADV
Apr 2, 2024 to Mar 12, 2026

Fundraising evidence

Active offering evidence
Form D filed or amended 2025-12-18: sold $94.8M of a stated $150.0M offering (fr-1)
evidence dated Dec 18, 2025.

Lifecycle

Fundraising
Form D within 18 months and the offering is not sold out
first sale: Dec 15, 2023vintage year: 2023adv gav as of: Mar 12, 2026vintage basis: Form d first saleform d sold: $94.8Mform d offering: $150Mform d latest filed at: Dec 18, 2025

The fund's own reporting through time

2 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Apr 2, 2024Venture Capital Fund$18.3M
5$500,0005%yes
Mar 12, 2026Venture Capital Fund$57.8M
33$500,0005%

Principals and agents

6 principals on Form D, 1 placement agents

Service providers

4 named on Form ADV Schedule D and Form D

Limited partners and their reported performance

0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.

Known LPs and allocators

0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.

Investments attributed to this vehicle

0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.

Timeline

4 events
  1. Dec 18, 2025
    Morpheus Ventures III, L.P. filed Form D/A: $94,757,879 sold of $150,000,000, Private Equity Fund
    Form D filed Fact Form D
  2. Dec 13, 2024
    Morpheus Ventures III, L.P. filed Form D/A: $51,453,078 sold of $150,000,000, Venture Capital Fund
    Form D filed Fact Form D
  3. Apr 2, 2024
    Morpheus Ventures III, L.P. first reported on Form ADV by Morpheus Advisors (Venture Capital Fund), GAV $18,250,000
    Fund first reported on Form ADV Fact Form ADV
  4. Dec 15, 2023
    Morpheus Ventures III, L.P. filed Form D: no sales yet of $150,000,000, Private Equity Fund
    Form D filed Fact Form D

Evidence

47 observations
Every observation on this vehicle
  • Entity type: Limited Partnership Dec 18, 2025 Fact Form D
  • Entity type: Limited Partnership Dec 13, 2024 Fact Form D
  • Entity type: Limited Partnership Dec 15, 2023 Fact Form D
  • Form D fund type: Private Equity Fund Dec 18, 2025 Fact Form D
  • Form D fund type: Venture Capital Fund Dec 13, 2024 Fact Form D
  • Form D fund type: Private Equity Fund Dec 15, 2023 Fact Form D
  • Form D industry group: Pooled Investment Fund Dec 18, 2025 Fact Form D
  • Form D industry group: Pooled Investment Fund Dec 13, 2024 Fact Form D
  • Form D industry group: Pooled Investment Fund Dec 15, 2023 Fact Form D
  • Amendment: true Dec 18, 2025 Fact Form D
  • Amendment: true Dec 13, 2024 Fact Form D
  • Amendment: false Dec 15, 2023 Fact Form D
  • Revenue range (Form D): Not Applicable Dec 18, 2025 Fact Form D
  • Revenue range (Form D): Not Applicable Dec 13, 2024 Fact Form D
  • Revenue range (Form D): Not Applicable Dec 15, 2023 Fact Form D
  • Incorporated: withinFiveYears Dec 18, 2025 Fact Form D
  • Incorporated: withinFiveYears Dec 13, 2024 Fact Form D
  • Incorporated: withinFiveYears Dec 15, 2023 Fact Form D
  • Jurisdiction: Delaware Dec 18, 2025 Fact Form D
  • Jurisdiction: Delaware Dec 13, 2024 Fact Form D
  • Jurisdiction: Delaware Dec 15, 2023 Fact Form D
  • Amount sold (Form D): $94.8M Dec 18, 2025 Fact Form D
  • Amount sold (Form D): $51.5M Dec 13, 2024 Fact Form D
  • Amount sold (Form D): $0 Dec 15, 2023 Fact Form D
  • Offering amount (Form D): $150M Dec 18, 2025 Fact Form D
  • Offering amount (Form D): $150M Dec 13, 2024 Fact Form D
  • Offering amount (Form D): $150M Dec 15, 2023 Fact Form D
  • Exemptions: 06b, 3C, 3C.7 Dec 18, 2025 Fact Form D
  • Exemptions: 06b, 3C, 3C.7 Dec 13, 2024 Fact Form D
  • Exemptions: 06b, 3C, 3C.7 Dec 15, 2023 Fact Form D
  • First sale: 2023-12-15 Dec 18, 2025 Fact Form D
  • First sale: 2023-12-15 Dec 13, 2024 Fact Form D
  • Investors (Form D): 102 Dec 18, 2025 Fact Form D
  • Investors (Form D): 50 Dec 13, 2024 Fact Form D
  • Investors (Form D): 0 Dec 15, 2023 Fact Form D
  • Minimum investment (Form D): 0 Dec 18, 2025 Fact Form D
  • Minimum investment (Form D): 0 Dec 13, 2024 Fact Form D
  • Minimum investment (Form D): 0 Dec 15, 2023 Fact Form D
  • Securities offered: pooled Dec 18, 2025 Fact Form D
  • Securities offered: pooled Dec 13, 2024 Fact Form D
  • Securities offered: pooled Dec 15, 2023 Fact Form D
  • Office address: Dec 18, 2025 Fact Form D
  • Office address: Dec 13, 2024 Fact Form D
  • Office address: Dec 15, 2023 Fact Form D
  • Year of incorporation: 2023 Dec 18, 2025 Fact Form D
  • Year of incorporation: 2023 Dec 13, 2024 Fact Form D
  • Year of incorporation: 2023 Dec 15, 2023 Fact Form D

Relationships across DFX

on 2 other DFX graphs
Across the graphs

Morpheus Ventures III, L.P. is the same institution as 2 records in RIA and Wealth and Private Equity.

RIA and Wealth1Private Equity1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

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Record history

4 dated events on the change ledger, latest event first
  • Form D filed
    2025-12-18source on record
  • Form D filed
    2024-12-13source on record
  • Fund first reported on ADV
    2024-04-02source on record

+1 more change on this record's ledger

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.