DFX Intelligence
Kpcb Digital Growth Fund III, LLC
Growth fundmanaged by Kleiner Perkins
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional principal, 3 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: 29 Jun 2016, Latest Form D filed on 29 Jun 2016: no amount sold reported of $1B offered. 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
- 2017basis: adv first reported
- 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
- $1.0Bwhat may be sold, not what was raised; file 021-266078, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jun 29, 2016
- First sale
- unknown
- Reported GAV
- $817Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 162
- Reported on ADV
- Mar 30, 2017 to Mar 31, 2026
Fundraising evidenceWhat 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 2016-06-29, older than 15 months (fr-1)
evidence dated Jun 29, 2016.
LifecycleHarvest
vintage over 7 years, still reported
age years: 9first sale: n/avintage year: 2017adv gav as of: Mar 31, 2026vintage basis: ADV first reportedform d sold: $0form d offering: $1.0Bform d latest filed at: Jun 29, 2016
The fund's own reporting through time
10 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2017 | Venture Capital Fund | $990M | 157 | 2% | yes | ||
| Mar 29, 2018 | Venture Capital Fund | $975M | 160 | 2% | yes | ||
| Mar 27, 2019 | Venture Capital Fund | $993M | 160 | 2% | yes | ||
| Mar 27, 2020 | Venture Capital Fund | $1.2B | 161 | 2% | yes | ||
| Mar 31, 2021 | Venture Capital Fund | $1.2B | 172 | 2% | yes | ||
| Jan 12, 2022 | Venture Capital Fund | $1.2B | 172 | 2% | yes | ||
| Mar 31, 2022 | Venture Capital Fund | $1.4B | 162 | 2% | yes | ||
| Mar 31, 2023 | Venture Capital Fund | $897M | 162 | 2% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $797M | 162 | 2% | yes | ||
| Mar 31, 2026 | Venture Capital Fund | $817M | 162 | 2% |
Principals and agents
4 principals on Form D, 0 placement agents
- Theodore E. Schlein Executive Officer
- Mood Rowghani Executive Officer
- Noah Knauf Executive Officer
Service providers
6 named on Form ADV Schedule D and Form D
- AuditorKPMG · SAN FRANCISCO, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianJPMorgan · NEW YORK, New York, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianMorgan Stanley · NEW YORK, New York, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose 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 allocatorsWhat 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.
2 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Bainum Family Foundation | FOUNDATION | $9.0M fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| Richard King Mellon Foundation Dtd 01-01-47 | FOUNDATION | $8.0M 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
4 events
- Mar 31, 2022Auditor changed: KPMG replaced PwC, first reported on the Form ADV filed March 31, 2022 (previous filing January 12, 2022)Auditor changed Fact Form ADV
- Mar 27, 2019Custodian changed: Silicon Valley Bank replaced SILLICON VALLEY BANK, N.A., first reported on the Form ADV filed March 27, 2019 (previous filing March 29, 2018)Custodian changed Fact Form ADV
- Mar 30, 2017Kpcb Digital Growth Fund III, LLC first reported on Form ADV by Kleiner Perkins Caufield & Byers (Venture Capital Fund), GAV $990,250,000Fund first reported on Form ADV Fact Form ADV
- Jun 29, 2016KPCB Digital Growth Fund III, LLC filed Form D: no sales yet of $1,000,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Jun 29, 2016 Fact Form D
- Form D fund type: Venture Capital Fund Jun 29, 2016 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 29, 2016 Fact Form D
- Amendment: false Jun 29, 2016 Fact Form D
- Revenue range (Form D): Not Applicable Jun 29, 2016 Fact Form D
- Incorporated: withinFiveYears Jun 29, 2016 Fact Form D
- Jurisdiction: Delaware Jun 29, 2016 Fact Form D
- Amount sold (Form D): $0 Jun 29, 2016 Fact Form D
- Offering amount (Form D): $1.0B Jun 29, 2016 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jun 29, 2016 Fact Form D
- Investors (Form D): 0 Jun 29, 2016 Fact Form D
- Minimum investment (Form D): 0 Jun 29, 2016 Fact Form D
- Securities offered: pooled Jun 29, 2016 Fact Form D
- Office address: Jun 29, 2016 Fact Form D
- Year of incorporation: 2016 Jun 29, 2016 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Kpcb Digital Growth Fund III, LLC 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.
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Record history
1 dated event on the change ledger, latest event first
- Form D filed2016-06-29source 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.