DFX Intelligence
Team Builder Ventures Fund III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising 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: 27 Mar 2024, Reported gross assets rose from $7.96M to $9.87M between the Form ADV filings of 30 Mar 2023 and 27 Mar 2024.
Drawing the relationship network…
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
- $11.0Mwhat may be sold, not what was raised; file 021-466393, sworn by the adviser or filed under this vehicle
- Form D sold
- $7.8Mas of the filing of Dec 2, 2022, 51 investors
- First sale
- Sep 7, 2022
- Reported GAV
- $9.9Mon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 57
- Reported on ADV
- Mar 30, 2023 to Mar 27, 2024
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 2022-12-02, older than 15 months (fr-1)
evidence dated Dec 2, 2022.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 4first sale: Sep 7, 2022vintage year: 2022adv gav as of: Mar 27, 2024vintage basis: Form d first saleform d sold: $7.8Mform d offering: $11.0Mform d latest filed at: Dec 2, 2022
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2023 | Venture Capital Fund | $8.0M | 57 | $50,000 | 12% | yes | |
| Mar 27, 2024 | Venture Capital Fund | $9.9M | 57 | $50,000 | 10% | yes |
Principals and agents
2 principals on Form D, 0 placement agents
- Ventures GP, LLC Team Builder Executive Officer
- Steven Lurie Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorBENNETT THRASHER PC · ATLANTA, Georgia, United StatesForm ADV filed Mar 27, 2024 sec.gov
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Mar 27, 2024 sec.gov
- CustodianFirst Republic Bank · SAN FRANCISCO, California, United StatesForm ADV filed Mar 27, 2024 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
2 events
- Mar 30, 2023Team Builder Ventures Fund III, L.P. first reported on Form ADV by Team Builder Ventures Mc, LLC (Venture Capital Fund), GAV $7,963,211Fund first reported on Form ADV Fact Form ADV
- Dec 2, 2022Team Builder Ventures Fund III, L.P. filed Form D: $7,810,000 sold of $11,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
17 observations
Every observation on this vehicle
- Entity type: Limited Partnership Dec 2, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Dec 2, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Dec 2, 2022 Fact Form D
- Amendment: false Dec 2, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Dec 2, 2022 Fact Form D
- Incorporated: withinFiveYears Dec 2, 2022 Fact Form D
- Jurisdiction: Delaware Dec 2, 2022 Fact Form D
- Amount sold (Form D): $7.8M Dec 2, 2022 Fact Form D
- Offering amount (Form D): $11.0M Dec 2, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Dec 2, 2022 Fact Form D
- First sale: 2022-09-07 Dec 2, 2022 Fact Form D
- Investors (Form D): 51 Dec 2, 2022 Fact Form D
- Minimum investment (Form D): 0 Dec 2, 2022 Fact Form D
- Offering other type: Limited Partnership Interests Dec 2, 2022 Fact Form D
- Securities offered: pooled Dec 2, 2022 Fact Form D
- Office address: Dec 2, 2022 Fact Form D
- Year of incorporation: 2021 Dec 2, 2022 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Team Builder Ventures Fund III, L.P. 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
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2023-03-30source on record
- Form D filed2022-12-02source 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.