OpenAI Startup Fund SPV III, L.P.

SPV or co-invest vehiclemanaged by Fovc Management, LLC· Delaware
Vintage
2024
Form D sold
$5.1M
Reported gross assets
$17.4M
Form ADV, Mar 13, 2026
Early deploymentClosed to new capitalADV: Venture Capital FundSingle-purpose vehicle

A single-purpose vehicle, usually formed for one deal.

More
As of · the latest observation of this vehicle; each figure below carries its own filing date

What matters now

  1. $5.09M
    sold at the filing

    Latest Form D filed on 21 May 2026: $5.09M sold of $5.09M offered, 2 investors. 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.

    FactSEC Form DFor LPs, placement agentsFundraising evidence →
Drawing the relationship network…

Amounts, each with its basis

Vintage
2024basis: 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
$5.1Mwhat may be sold, not what was raised; file 021-513130, sworn by the adviser or filed under this vehicle
Form D sold
$5.1Mas of the filing of May 21, 2026, 2 investors
First sale
May 7, 2024
Reported GAV
$17.4Mon the Form ADV filed Mar 13, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
3
Reported on ADV
unknown

Fundraising evidence

Closed to new capital
Form D filed or amended 2026-05-21: the stated $5.1M offering reported fully sold (fr-1)
evidence dated May 21, 2026.

Lifecycle

Early deployment
vintage within 2 years
age years: 2first sale: May 7, 2024vintage year: 2024adv gav as of: Mar 13, 2026vintage basis: Form d first saleform d sold: $5.1Mform d offering: $5.1Mform d latest filed at: May 21, 2026

The fund's own reporting through time

1 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 13, 2026Venture Capital Fund$17.4M
30%

Principals and agents

1 principal on Form D, 0 placement agents

Service providers

2 named on Form ADV Schedule D and Form D

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.

Known LPs and allocators

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

3 events
  1. May 21, 2026
    OpenAI Startup Fund SPV III, L.P. filed Form D/A: $5,085,000 sold of $5,085,000, Venture Capital Fund
    Form D filed Fact Form D
  2. Mar 13, 2026
    Openai Startup Fund Spv III, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $17,407,699
    Fund first reported on Form ADV Inference Form ADV
  3. May 13, 2024
    OpenAI Startup Fund SPV III, L.P. filed Form D: $5,000,000 sold of $5,000,000, Venture Capital Fund
    Form D filed Fact Form D

Evidence

32 observations
Every observation on this vehicle
  • Entity type: Limited Partnership May 21, 2026 Fact Form D
  • Entity type: Limited Partnership May 13, 2024 Fact Form D
  • Form D fund type: Venture Capital Fund May 21, 2026 Fact Form D
  • Form D fund type: Venture Capital Fund May 13, 2024 Fact Form D
  • Form D industry group: Pooled Investment Fund May 21, 2026 Fact Form D
  • Form D industry group: Pooled Investment Fund May 13, 2024 Fact Form D
  • Amendment: true May 21, 2026 Fact Form D
  • Amendment: false May 13, 2024 Fact Form D
  • Revenue range (Form D): Not Applicable May 21, 2026 Fact Form D
  • Revenue range (Form D): Not Applicable May 13, 2024 Fact Form D
  • Incorporated: withinFiveYears May 21, 2026 Fact Form D
  • Incorporated: withinFiveYears May 13, 2024 Fact Form D
  • Jurisdiction: Delaware May 21, 2026 Fact Form D
  • Jurisdiction: Delaware May 13, 2024 Fact Form D
  • Amount sold (Form D): $5.1M May 21, 2026 Fact Form D
  • Amount sold (Form D): $5.0M May 13, 2024 Fact Form D
  • Offering amount (Form D): $5.1M May 21, 2026 Fact Form D
  • Offering amount (Form D): $5.0M May 13, 2024 Fact Form D
  • Exemptions: 06b, 3C, 3C.7 May 21, 2026 Fact Form D
  • Exemptions: 06b, 3C, 3C.7 May 13, 2024 Fact Form D
  • First sale: 2024-05-07 May 21, 2026 Fact Form D
  • First sale: 2024-05-07 May 13, 2024 Fact Form D
  • Investors (Form D): 2 May 21, 2026 Fact Form D
  • Investors (Form D): 2 May 13, 2024 Fact Form D
  • Minimum investment (Form D): 0 May 21, 2026 Fact Form D
  • Minimum investment (Form D): 0 May 13, 2024 Fact Form D
  • Securities offered: pooled May 21, 2026 Fact Form D
  • Securities offered: pooled May 13, 2024 Fact Form D
  • Office address: May 21, 2026 Fact Form D
  • Office address: May 13, 2024 Fact Form D
  • Year of incorporation: 2024 May 21, 2026 Fact Form D
  • Year of incorporation: 2024 May 13, 2024 Fact Form D

Relationships across DFX

on 1 other DFX graph
Across the graphs

OpenAI Startup Fund SPV 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

3 dated events on the change ledger, latest event first
  • Form D filed
    2026-05-21source on record
  • Fund first reported on ADV
    2026-03-13source on record
  • Form D filed
    2024-05-13source 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.