DFX Intelligence
MAX Ventures Fund III, LP
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
2 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 365 days. Last change: 27 Sep 2024, Latest Form D filed on 27 Sep 2024: $35.7M sold of $50M offered, 57 investors. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2023basis: 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
- $50.0Mwhat may be sold, not what was raised; file 021-493505, sworn by the adviser or filed under this vehicle
- Form D sold
- $35.7Mas of the filing of Sep 27, 2024, 57 investors
- First sale
- Oct 4, 2023
- Reported GAV
- $30.6Mon the Form ADV filed Mar 27, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 62
- Reported on ADV
- Mar 29, 2024 to Mar 27, 2026
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 2024-09-27, older than 15 months (fr-1)
evidence dated Sep 27, 2024.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 3first sale: Oct 4, 2023vintage year: 2023adv gav as of: Mar 27, 2026vintage basis: Form d first saleform d sold: $35.7Mform d offering: $50.0Mform d latest filed at: Sep 27, 2024
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2024 | Venture Capital Fund | $30.8M | 52 | 2% | no | ||
| Mar 27, 2026 | Venture Capital Fund | $30.6M | 62 | 2% |
Principals and agents
2 principals on Form D, 1 placement agents
- Joseph Ryan Darnell Executive Officer
- Max Ventures Fund III GP, LLC Executive Officer
- Citizens JMP Securities, LLC placement agent
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorSENSIBA SAN FILIPPO LLP · SAN JOSE, California, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- AdministratorVECTOR AIS, LLC · SAN FRANCISCO, California, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · NEW YORK, New York, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.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.1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Anne Wojcicki Foundation | FOUNDATION | $593,213 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
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 27, 2024Max Ventures Fund III, LP filed Form D/A: $35,685,000 sold of $50,000,000, Venture Capital FundForm D filed Fact Form D
- Mar 29, 2024MAX Ventures Fund III, LP first reported on Form ADV by MAX Ventures (Venture Capital Fund), GAV $30,781,629Fund first reported on Form ADV Fact Form ADV
- Sep 29, 2023Max Ventures Fund III, LP filed Form D: no sales yet of $50,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Sep 27, 2024 Fact Form D
- Entity type: Limited Partnership Sep 29, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Sep 27, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Sep 29, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 27, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 29, 2023 Fact Form D
- Amendment: true Sep 27, 2024 Fact Form D
- Amendment: false Sep 29, 2023 Fact Form D
- Revenue range (Form D): Not Applicable Sep 27, 2024 Fact Form D
- Revenue range (Form D): Not Applicable Sep 29, 2023 Fact Form D
- Incorporated: withinFiveYears Sep 27, 2024 Fact Form D
- Incorporated: withinFiveYears Sep 29, 2023 Fact Form D
- Jurisdiction: Delaware Sep 27, 2024 Fact Form D
- Jurisdiction: Delaware Sep 29, 2023 Fact Form D
- Amount sold (Form D): $35.7M Sep 27, 2024 Fact Form D
- Amount sold (Form D): $0 Sep 29, 2023 Fact Form D
- Offering amount (Form D): $50.0M Sep 27, 2024 Fact Form D
- Offering amount (Form D): $50.0M Sep 29, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Sep 27, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Sep 29, 2023 Fact Form D
- First sale: 2023-10-04 Sep 27, 2024 Fact Form D
- Investors (Form D): 57 Sep 27, 2024 Fact Form D
- Investors (Form D): 0 Sep 29, 2023 Fact Form D
- Minimum investment (Form D): 0 Sep 27, 2024 Fact Form D
- Minimum investment (Form D): 0 Sep 29, 2023 Fact Form D
- Securities offered: pooled Sep 27, 2024 Fact Form D
- Securities offered: pooled Sep 29, 2023 Fact Form D
- Office address: Sep 27, 2024 Fact Form D
- Office address: Sep 29, 2023 Fact Form D
- Year of incorporation: 2023 Sep 27, 2024 Fact Form D
- Year of incorporation: 2023 Sep 29, 2023 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
MAX Ventures Fund III, LP is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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Record history
3 dated events on the change ledger, latest event first
- Form D filed2024-09-27source on record
- Fund first reported on ADV2024-03-29source on record
- Form D filed2023-09-29source 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.