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 / Liquid 2 Venture Fund III L.P.
Liquid 2 Venture Fund III L.P.
Amounts, each with its basis
- Vintage
- 2021basis: adv first reported
- 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
- $100Mwhat may be sold, not what was raised; file 021-383993, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Dec 22, 2020
- First sale
- unknown
- Reported GAV
- $93.6Mon the Form ADV filed Jul 1, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 122
- Reported on ADV
- Mar 31, 2021 to Jul 1, 2024
Fundraising evidence
Unknown
latest Form D 2020-12-22, older than 15 months (fr-1)
evidence dated Dec 22, 2020. 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
Mature
vintage 4 to 7 years
age years: 5first sale: n/avintage year: $2,021adv gav as of: 2024-07-01vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: $100Mform d latest filed at: 2020-12-22
The fund's own reporting through time
7 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2021 | Venture Capital Fund | $34.8M | 74 | $25,000 | 1% | yes | |
| Mar 1, 2022 | Venture Capital Fund | $81.1M | 74 | $25,000 | 1% | yes | |
| Mar 31, 2023 | Venture Capital Fund | $88.8M | 74 | $25,000 | 1% | yes | |
| Aug 30, 2023 | Venture Capital Fund | $88.8M | 74 | $25,000 | 1% | yes | |
| Oct 23, 2023 | Venture Capital Fund | $88.8M | 74 | $25,000 | 1% | yes | |
| Mar 28, 2024 | Venture Capital Fund | $93.6M | 122 | $25,000 | 1% | yes | |
| Jul 1, 2024 | Venture Capital Fund | $93.6M | 122 | $25,000 | 1% | yes |
Principals and agents
2 principals on Form D, 0 placement agents
- a Delaware limited liability company Liquid 2 GP III, L.L.C. Executive Officer
- Joseph C. Montana Executive Officer
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
2 events
- Mar 31, 2021Liquid 2 Venture Fund III L.P. first reported on Form ADV by Liquid 2 Ventures, LLC (Venture Capital Fund), GAV $34,800,000Fund 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)
- Dec 22, 2020Liquid 2 Ventures Fund III L.P. filed Form D: no sales yet of $100,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $100M Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 909 MONTGOMERY STREET, #400, SAN FRANCISCO, CA, 94133 Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2020 Dec 22, 2020 Fact SEC EDGAR Form D data sets (quarterly)