DFX Intelligence
Drive Capital Overdrive Ignition Fund III, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingActive offering evidenceADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- $51Msold at the filing
Latest Form D filed on 6 Jul 2026: $51M sold of $100M offered, 1 investor. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2025basis: 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
- $100Mwhat may be sold, not what was raised; file 021-566731, sworn by the adviser or filed under this vehicle
- Form D sold
- $51.0Mas of the filing of Jul 6, 2026, 1 investor
- First sale
- Dec 15, 2025
- Reported GAV
- $39.0Mon the Form ADV filed Jun 17, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 1
- Reported on ADV
- unknown
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.Active offering evidence
Form D filed or amended 2026-07-06: sold $51.0M of a stated $100.0M offering (fr-1)
evidence dated Jul 6, 2026.
Lifecycle
Fundraising
Lifecycle
Form D within 18 months and the offering is not sold out
first sale: Dec 15, 2025vintage year: 2025adv gav as of: Jun 17, 2026vintage basis: Form d first saleform d sold: $51.0Mform d offering: $100Mform d latest filed at: Jul 6, 2026
The fund's own reporting through time
1 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jun 17, 2026 | Venture Capital Fund | $39.0M | 1 | 0% |
Principals and agents
1 principal on Form D, 0 placement agents
- Christopher Olsen Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorDeloitte · COLUMBUS, Ohio, United StatesForm ADV filed Jun 17, 2026 reports.adviserinfo.sec.gov
- AdministratorZEDRA · BEACHWOOD, Ohio, United StatesForm ADV filed Jun 17, 2026 reports.adviserinfo.sec.gov
- CustodianBMO HARRIS BANK, NA · CHICAGO, Illinois, United StatesForm ADV filed Jun 17, 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.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
4 events
- Jul 6, 2026Drive Capital Overdrive Ignition Fund III, L.P. filed Form D/A: $51,000,000 sold of $100,000,000, Venture Capital FundForm D filed Fact Form D
- Jun 17, 2026Drive Capital Overdrive Ignition Fund III, L.P. first reported on Form ADV by Drive Capital LLC (Venture Capital Fund), GAV $39,000,000Fund first reported on Form ADV Inference Form ADV
- May 14, 2026Administrator changed: ZEDRA replaced GRYPHON FUND GROUP, LLC, first reported on the Form ADV filed May 14, 2026 (previous filing March 27, 2026)Administrator changed Fact Form ADV
- Dec 15, 2025Drive Capital Overdrive Ignition Fund III, L.P. filed Form D: no sales yet of $39,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jul 6, 2026 Fact Form D
- Entity type: Limited Partnership Dec 15, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Jul 6, 2026 Fact Form D
- Form D fund type: Venture Capital Fund Dec 15, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 6, 2026 Fact Form D
- Form D industry group: Pooled Investment Fund Dec 15, 2025 Fact Form D
- Amendment: true Jul 6, 2026 Fact Form D
- Amendment: false Dec 15, 2025 Fact Form D
- Revenue range (Form D): Not Applicable Jul 6, 2026 Fact Form D
- Revenue range (Form D): Not Applicable Dec 15, 2025 Fact Form D
- Incorporated: withinFiveYears Jul 6, 2026 Fact Form D
- Incorporated: withinFiveYears Dec 15, 2025 Fact Form D
- Jurisdiction: Delaware Jul 6, 2026 Fact Form D
- Jurisdiction: Delaware Dec 15, 2025 Fact Form D
- Amount sold (Form D): $51.0M Jul 6, 2026 Fact Form D
- Amount sold (Form D): $0 Dec 15, 2025 Fact Form D
- Offering amount (Form D): $100M Jul 6, 2026 Fact Form D
- Offering amount (Form D): $39.0M Dec 15, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Jul 6, 2026 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Dec 15, 2025 Fact Form D
- First sale: 2025-12-15 Jul 6, 2026 Fact Form D
- Investors (Form D): 1 Jul 6, 2026 Fact Form D
- Investors (Form D): 0 Dec 15, 2025 Fact Form D
- Minimum investment (Form D): 0 Jul 6, 2026 Fact Form D
- Minimum investment (Form D): 0 Dec 15, 2025 Fact Form D
- Securities offered: pooled Jul 6, 2026 Fact Form D
- Securities offered: pooled Dec 15, 2025 Fact Form D
- Office address: Jul 6, 2026 Fact Form D
- Office address: Dec 15, 2025 Fact Form D
- Year of incorporation: 2025 Jul 6, 2026 Fact Form D
- Year of incorporation: 2025 Dec 15, 2025 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Drive Capital Overdrive Ignition 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.
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Record history
3 dated events on the change ledger, latest event first
- Form D filed2026-07-06source on record
- Fund first reported on ADV2026-06-17source on record
- Form D filed2025-12-15source 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.