DFX Intelligence
M3 Ventures III LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- +201%reported GAV
Reported gross assets rose from $14M to $42.1M between the Form ADV filings of 28 Mar 2024 and 30 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2020basis: 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
- indefinitewhat may be sold, not what was raised; file 021-362884, sworn by the adviser or filed under this vehicle
- Form D sold
- $12.2Mas of the filing of Jan 5, 2021, 24 investors
- First sale
- Mar 6, 2020
- Reported GAV
- $42.1Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 45
- Reported on ADV
- Jul 2, 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 2021-01-05, older than 15 months (fr-1)
evidence dated Jan 5, 2021.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 6first sale: Mar 6, 2020vintage year: 2020adv gav as of: Mar 30, 2026vintage basis: Form d first saleform d sold: $12.2Mform d offering: n/aform d latest filed at: Jan 5, 2021
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jul 2, 2021 | Venture Capital Fund | $14.0M | 45 | $10,000 | 0% | yes | |
| Mar 29, 2022 | Venture Capital Fund | $14.0M | 45 | $10,000 | 0% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $14.0M | 45 | $10,000 | 0% | yes | |
| Mar 28, 2024 | Venture Capital Fund | $14.0M | 45 | $10,000 | 0% | yes | |
| Mar 30, 2026 | Venture Capital Fund | $42.1M | 45 | $10,000 | 0% |
Principals and agents
1 principal on Form D, 0 placement agents
- Martin Dolfi Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorFRAZIER & DEETER, LLC · NASHVILLE, Tennessee, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorAlter Domus · CHICAGO, Illinois, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- MarketerMARCH CAPITAL CORP. · CHICAGO, Illinois, 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
4 events
- Mar 30, 2026Auditor changed: FRAZIER & DEETER, LLC replaced FULVIO & ASSOCIATES LLP, first reported on the Form ADV filed March 30, 2026 (previous filing March 31, 2025)Auditor changed Fact Form ADV
- Jul 2, 2021M3 Ventures III LP first reported on Form ADV by Beliade (Venture Capital Fund), GAV $13,969,107Fund first reported on Form ADV Fact Form ADV
- Jan 5, 2021M3 Ventures III LP filed Form D/A: $12,160,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
- Mar 16, 2020M3 Ventures III LP filed Form D: $9,450,000 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
48 observations
Every observation on this vehicle
- Entity type: Limited Partnership Fact Form D
- Entity type: Limited Partnership Jan 5, 2021 Fact Form D
- Entity type: Limited Partnership Mar 16, 2020 Fact Form D
- Form D fund type: Venture Capital Fund Fact Form D
- Form D fund type: Venture Capital Fund Jan 5, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Mar 16, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Fact Form D
- Form D industry group: Pooled Investment Fund Jan 5, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 16, 2020 Fact Form D
- Amendment: false Fact Form D
- Amendment: true Jan 5, 2021 Fact Form D
- Amendment: false Mar 16, 2020 Fact Form D
- Revenue range (Form D): Decline to Disclose Fact Form D
- Revenue range (Form D): Decline to Disclose Jan 5, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Mar 16, 2020 Fact Form D
- Incorporated: withinFiveYears Fact Form D
- Incorporated: withinFiveYears Jan 5, 2021 Fact Form D
- Incorporated: withinFiveYears Mar 16, 2020 Fact Form D
- Jurisdiction: Delaware Fact Form D
- Jurisdiction: Delaware Jan 5, 2021 Fact Form D
- Jurisdiction: Delaware Mar 16, 2020 Fact Form D
- Amount sold (Form D): $9.4M Fact Form D
- Amount sold (Form D): $12.2M Jan 5, 2021 Fact Form D
- Amount sold (Form D): $9.4M Mar 16, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Jan 5, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Mar 16, 2020 Fact Form D
- First sale: 2020-03-06 Fact Form D
- First sale: 2020-03-06 Jan 5, 2021 Fact Form D
- First sale: 2020-03-06 Mar 16, 2020 Fact Form D
- Indefinite offering: true Fact Form D
- Indefinite offering: true Jan 5, 2021 Fact Form D
- Indefinite offering: true Mar 16, 2020 Fact Form D
- Investors (Form D): 23 Fact Form D
- Investors (Form D): 24 Jan 5, 2021 Fact Form D
- Investors (Form D): 23 Mar 16, 2020 Fact Form D
- Minimum investment (Form D): 0 Fact Form D
- Minimum investment (Form D): 0 Jan 5, 2021 Fact Form D
- Minimum investment (Form D): 0 Mar 16, 2020 Fact Form D
- Securities offered: pooled Fact Form D
- Securities offered: pooled Jan 5, 2021 Fact Form D
- Securities offered: pooled Mar 16, 2020 Fact Form D
- Office address: Fact Form D
- Office address: Jan 5, 2021 Fact Form D
- Office address: Mar 16, 2020 Fact Form D
- Year of incorporation: 2019 Fact Form D
- Year of incorporation: 2019 Jan 5, 2021 Fact Form D
- Year of incorporation: 2019 Mar 16, 2020 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
M3 Ventures III LP 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
3 dated events on the change ledger, latest event first
- Fund first reported on ADV2021-07-02source on record
- Form D filed2021-01-05source on record
- Form D filed2020-03-16source on record
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.