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 / Material Impact Fund III, L.P.
Material Impact Fund III, L.P.
Amounts, each with its basis
- Vintage
- 2022basis: 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
- $325Mwhat may be sold, not what was raised; file 021-434047, sworn by the adviser or filed under this vehicle
- Form D sold
- $313Mas of the filing of Jun 3, 2022, 51 investors
- First sale
- Feb 18, 2022
- Reported GAV
- $344Mon the Form ADV filed Mar 29, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 60
- Reported on ADV
- Mar 31, 2022 to Mar 29, 2024
Fundraising evidence
Unknown
latest Form D 2022-06-03, older than 15 months (fr-1)
evidence dated Jun 3, 2022. 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
Active deployment
vintage 2 to 4 years
age years: 4first sale: 2022-02-18vintage year: $2,022adv gav as of: 2024-03-29vintage basis: form_d_first_saleform d sold usd: $313Mform d offering usd: $325Mform d latest filed at: 2022-06-03
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2022 | Venture Capital Fund | $155M | 13 | 1% | no | ||
| Mar 31, 2023 | Venture Capital Fund | $352M | 60 | 1% | no | ||
| Mar 29, 2024 | Venture Capital Fund | $344M | 60 | 1% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $344M | 60 | 1% | yes |
Principals and agents
3 principals on Form D, 0 placement agents
- Carmichael Roberts Executive Officer
- Adam Sharkawy Executive Officer
- Material Impact Partners III, LLC 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
3 events
- Jun 3, 2022Material Impact Fund III, L.P. filed Form D/A: $312,702,020 sold of $325,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Mar 31, 2022Material Impact Fund III, L.P. first reported on Form ADV by Material Impact Management, LLC (Venture Capital Fund), GAV $155,454,545Fund 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)
- Feb 17, 2022Material Impact Fund III, L.P. filed Form D: no sales yet of $250,000,000, 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 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $313M Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $325M Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $250M Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2022-02-18 Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 51 Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 131 DARTMOUTH STREET, FLOOR 3, BOSTON, MA, 02116 Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 131 DARTMOUTH STREET, FLOOR 3, BOSTON, MA, 02116 Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2022 Jun 3, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2022 Feb 17, 2022 Fact SEC EDGAR Form D data sets (quarterly)