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 / Vertex Ventures US Fund III, L.P.
Vertex Ventures US Fund III, L.P.
Amounts, each with its basis
- Vintage
- 2021basis: 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
- $200Mwhat may be sold, not what was raised; file 021-407639, sworn by the adviser or filed under this vehicle
- Form D sold
- $170Mas of the filing of Sep 23, 2022, 19 investors
- First sale
- Jul 26, 2021
- Reported GAV
- $165Mon the Form ADV filed Mar 8, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 19
- Reported on ADV
- Mar 21, 2022 to Mar 8, 2024
Fundraising evidence
Unknown
latest Form D 2022-09-23, older than 15 months (fr-1)
evidence dated Sep 23, 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
Mature
vintage 4 to 7 years
age years: 5first sale: 2021-07-26vintage year: $2,021adv gav as of: 2024-03-08vintage basis: form_d_first_saleform d sold usd: $170Mform d offering usd: $200Mform d latest filed at: 2022-09-23
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 21, 2022 | Venture Capital Fund | $127M | 17 | 4% | yes | ||
| Mar 17, 2023 | Venture Capital Fund | $169M | 19 | 4% | yes | ||
| Mar 8, 2024 | Venture Capital Fund | $165M | 19 | 4% | yes |
Principals and agents
4 principals on Form D, 0 placement agents
- Vertex Ventures US Fund III GP, LLC Director
- Jonathan Heiliger Director
- In Sik Rhee Director
- Sandeep Bhadra Director
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
- Sep 23, 2022Vertex Ventures US Fund III, L.P. filed Form D/A: $170,100,000 sold of $200,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Mar 21, 2022Vertex Ventures US Fund III, L.P. first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $127,300,465Fund 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)
- Jul 23, 2021Vertex Ventures US Fund III, L.P. filed Form D: no sales yet of $200,000,000, 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 Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $170M Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $200M Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $200M Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2021-07-26 Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 19 Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 345 CALIFORNIA AVENUE, PALO ALTO, CA, 94306 Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 345 CALIFORNIA AVENUE, PALO ALTO, CA, 94306 Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2021 Sep 23, 2022 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2021 Jul 23, 2021 Fact SEC EDGAR Form D data sets (quarterly)