DFX Intelligence
Electric Capital Venture Fund III, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
Early deploymentFundraising status unknownADV: Venture Capital FundFeeder or parallel vehicle
A feeder, parallel or offshore vehicle of a main fund; its assets may overlap the main fund's.
As of · the latest observation of this vehicle; each figure below carries its own filing date
3 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- +46%reported GAV
Reported gross assets rose from $203M to $296M between the Form ADV filings of 16 May 2024 and 31 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2024basis: 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
- $100Mwhat may be sold, not what was raised; file 021-491918, 021-491917, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Sep 12, 2023
- First sale
- unknown
- Reported GAV
- $296Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 710
- Reported on ADV
- Mar 29, 2024 to Mar 31, 2026
- Structure
- master
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 2023-09-12, older than 15 months (fr-1)
evidence dated Sep 12, 2023.
LifecycleEarly deployment
vintage within 2 years
age years: 2first sale: n/avintage year: 2024adv gav as of: Mar 31, 2026vintage basis: ADV first reportedform d sold: $0form d offering: $100Mform d latest filed at: Sep 12, 2023
The fund's own reporting through time
3 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2024 | Venture Capital Fund | $203M | 607 | $50,000 | 3% | yes | |
| May 16, 2024 | Venture Capital Fund | $203M | 607 | $50,000 | 3% | yes | |
| Mar 31, 2026 | Venture Capital Fund | $296M | 710 | $50,000 | 3% |
Principals and agents
2 principals on Form D, 0 placement agents
- Curtis Spencer Executive Officer
- Avichal Garg Executive Officer
Service providers
6 named on Form ADV Schedule D and Form D
- AuditorEY · SAN FRANCISCO, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorNAV CONSULTING, INC. · OAKBROOK TERRACE, Illinois, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, 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.
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
- Jan 24, 2025Administrator changed: NAV CONSULTING, INC. replaced THEOREM FUND SERVICES, LLC, first reported on the Form ADV filed January 24, 2025 (previous filing May 16, 2024)Administrator changed Fact Form ADV
- Jan 24, 2025Auditor changed: EY replaced BDO, first reported on the Form ADV filed January 24, 2025 (previous filing May 16, 2024)Auditor changed Fact Form ADV
- Mar 29, 2024Electric Capital Venture Fund III, LP first reported on Form ADV by Electric Capital Partners, LLC (Venture Capital Fund), GAV $202,861,075Fund first reported on Form ADV Fact Form ADV
- Sep 12, 2023Electric Capital Venture Fund III Feeder, LP filed Form D: no sales yet of $100,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Sep 12, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Sep 12, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 12, 2023 Fact Form D
- Amendment: false Sep 12, 2023 Fact Form D
- Revenue range (Form D): Not Applicable Sep 12, 2023 Fact Form D
- Incorporated: withinFiveYears Sep 12, 2023 Fact Form D
- Jurisdiction: Delaware Sep 12, 2023 Fact Form D
- Amount sold (Form D): $0 Sep 12, 2023 Fact Form D
- Offering amount (Form D): $100M Sep 12, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Sep 12, 2023 Fact Form D
- Investors (Form D): 0 Sep 12, 2023 Fact Form D
- Minimum investment (Form D): 0 Sep 12, 2023 Fact Form D
- Securities offered: pooled Sep 12, 2023 Fact Form D
- Office address: Sep 12, 2023 Fact Form D
- Year of incorporation: 2023 Sep 12, 2023 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Electric Capital Venture Fund III, LP 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
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2024-03-29source on record
- Form D filed2023-09-12source 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.