DFX Intelligence
The Hive III, LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
Nothing material in the last 365 days. Last change: 25 Apr 2017, Latest Form D filed on 25 Apr 2017: $10M sold of $30M offered, 30 investors. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2017basis: 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
- $30.0Mwhat may be sold, not what was raised; joined by exact issuer name, corroborated by a person on the adviser's roster named on the filing, the general partner the adviser swears for this fund, the issuer filing from the adviser's state, not sworn by the adviser (confidence 0.85); file 021-285455
- Form D sold
- $10.0Mas of the filing of Apr 25, 2017, 30 investors
- First sale
- Apr 11, 2017
- Reported GAV
- $8.6Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 48
- Reported on ADV
- Aug 13, 2021 to Mar 30, 2026
Fundraising evidence
What counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.Unknown
latest Form D 2017-04-25, older than 15 months (fr-1)
evidence dated Apr 25, 2017.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 9first sale: Apr 11, 2017vintage year: 2017adv gav as of: Mar 30, 2026vintage basis: Form d first saleform d sold: $10.0Mform d offering: $30.0Mform d latest filed at: Apr 25, 2017
The fund's own reporting through time
16 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2018 | Venture Capital Fund | $7.4M | 48 | $50,000 | 11% | no | |
| Apr 8, 2018 | Venture Capital Fund | $7.4M | 48 | $50,000 | 11% | no | |
| Jun 26, 2018 | Venture Capital Fund | $7.4M | 48 | $50,000 | 11% | no | |
| Mar 26, 2019 | Venture Capital Fund | $14.8M | 48 | $50,000 | 11% | no | |
| May 21, 2019 | Venture Capital Fund | $14.8M | 48 | $50,000 | 11% | no | |
| Mar 27, 2020 | Venture Capital Fund | $21.6M | 48 | $50,000 | 11% | no | |
| May 6, 2020 | Venture Capital Fund | $21.6M | 48 | $50,000 | 11% | no | |
| May 19, 2020 | Venture Capital Fund | $21.6M | 48 | $50,000 | 11% | no | |
| Mar 15, 2021 | Venture Capital Fund | $19.1M | 48 | $50,000 | 11% | no | |
| Apr 30, 2021 | Venture Capital Fund | $19.1M | 48 | $50,000 | 11% | no | |
| Aug 13, 2021 | Venture Capital Fund | $19.3M | 48 | $50,000 | 11% | no | |
| Mar 25, 2022 | Venture Capital Fund | $10.6M | 48 | $50,000 | 11% | no | |
| Mar 28, 2023 | Venture Capital Fund | $2.9M | 48 | $50,000 | 11% | no | |
| May 10, 2023 | Venture Capital Fund | $2.9M | 48 | $50,000 | 11% | no | |
| Mar 24, 2024 | Venture Capital Fund | $9.2M | 48 | $50,000 | 11% | no | |
| Mar 30, 2026 | Venture Capital Fund | $8.6M | 48 | $50,000 | 11% |
Principals and agents
2 principals on Form D, 0 placement agents
- TM Ravi Executive Officer
- Sumant Mandal Executive Officer
Service providers
1 named on Form ADV Schedule D and Form D
- AdministratorStandish Management · SALT LAKE CITY, Utah, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).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
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.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
3 events
- Aug 13, 2021The Hive III, LLC no longer reported on Form ADV by Clearstone Venture PartnersFund no longer reported Inference Form ADV
- Mar 29, 2018The Hive III, LLC first reported on Form ADV by Clearstone Venture Partners (Venture Capital Fund), GAV $7,444,469Fund first reported on Form ADV Fact Form ADV
- Apr 25, 2017Hive III, LLC filed Form D: $10,025,000 sold of $30,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Apr 25, 2017 Fact Form D
- Form D fund type: Venture Capital Fund Apr 25, 2017 Fact Form D
- Form D industry group: Pooled Investment Fund Apr 25, 2017 Fact Form D
- Amendment: false Apr 25, 2017 Fact Form D
- Revenue range (Form D): Decline to Disclose Apr 25, 2017 Fact Form D
- Incorporated: withinFiveYears Apr 25, 2017 Fact Form D
- Jurisdiction: Delaware Apr 25, 2017 Fact Form D
- Amount sold (Form D): $10.0M Apr 25, 2017 Fact Form D
- Offering amount (Form D): $30.0M Apr 25, 2017 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Apr 25, 2017 Fact Form D
- First sale: 2017-04-11 Apr 25, 2017 Fact Form D
- Investors (Form D): 30 Apr 25, 2017 Fact Form D
- Minimum investment (Form D): 0 Apr 25, 2017 Fact Form D
- Securities offered: pooled Apr 25, 2017 Fact Form D
- Office address: Apr 25, 2017 Fact Form D
- Year of incorporation: 2016 Apr 25, 2017 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
The Hive III, LLC is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
1 identity change, 3 dated events on the change ledger, latest event first
- Event retracted2026-10-01
- Fund dropped from ADV2021-08-13source on record
- Fund first reported on ADV2018-03-29source on record
+1 more change on this record's ledger
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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.