DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Funds / Revolution Growth III, LP
Revolution Growth III, LP
HarvestClosed to new capitalGrowth fundADV: Venture Capital FundRevolution Growth Management Company, Inc.Delaware
Amounts, each with its basis
- Vintage
- 2015basis: 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
- $525Mwhat may be sold, not what was raised; file 021-240889, sworn by the adviser or filed under this vehicle
- Form D sold
- $525Mas of the filing of Jun 15, 2016, 70 investors
- First sale
- Jun 3, 2015
- Reported GAV
- $640Mon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 49
- Reported on ADV
- Mar 30, 2016 to Mar 27, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2016-06-15: the stated $525.0M offering reported fully sold (fr-1)
evidence dated Jun 15, 2016. A 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.
Lifecycle
Harvest
vintage over 7 years, still reported
age years: 11first sale: 2015-06-03vintage year: $2,015adv gav as of: 2024-03-27vintage basis: form_d_first_saleform d sold usd: $525Mform d offering usd: $525Mform d latest filed at: 2016-06-15
The fund's own reporting through time
10 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2016 | Venture Capital Fund | $432M | 33 | $250,000 | 15% | yes | |
| Mar 31, 2017 | Venture Capital Fund | $526M | 49 | $250,000 | 10% | yes | |
| Mar 30, 2018 | Venture Capital Fund | $349M | 49 | $250,000 | 10% | yes | |
| Mar 29, 2019 | Venture Capital Fund | $501M | 49 | $200,000 | 10% | yes | |
| Jan 18, 2020 | Venture Capital Fund | $501M | 49 | $200,000 | 10% | yes | |
| May 14, 2020 | Venture Capital Fund | $647M | 49 | $200,000 | 10% | yes | |
| Mar 26, 2021 | Venture Capital Fund | $1.0B | 49 | $200,000 | 10% | yes | |
| Mar 30, 2022 | Venture Capital Fund | $912M | 49 | $200,000 | 10% | yes | |
| Mar 29, 2023 | Venture Capital Fund | $609M | 49 | $200,000 | 10% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $640M | 49 | $200,000 | 10% | yes |
Principals and agents
3 principals on Form D, 1 placement agents
- Donn Davis Executive Officer/Promoter
- Steve Case Executive Officer/Promoter
- Ted Leonsis Executive Officer/Promoter
- GCA Advisors, LLC placement agent
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.
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
- Jun 15, 2016Revolution Growth III, LP filed Form D/A: $525,000,000 sold of $525,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Mar 30, 2016Revolution Growth III, LP first reported on Form ADV by Revolution Growth Management Company II, Inc. (Venture Capital Fund), GAV $431,574,647Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 1, 2015Revolution Growth III, LP filed Form D: no sales yet of $450,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $525M Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $525M Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $450M Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2015-06-03 Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 70 Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: equity,pooled Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: equity,pooled Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 1717 RHODE ISLAND AVENUE, NW, 10TH FLOOR, WASHINGTON, DC, 20036 Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 1717 RHODE ISLAND AVENUE, NW, 10TH FLOOR, WASHINGTON, DC, 20036 Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2015 Jun 15, 2016 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2015 Jun 1, 2015 Fact SEC EDGAR Form D data sets (quarterly)