Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Funds / Industry Ventures Direct III, LP

Industry Ventures Direct III, LP

Active deploymentClosed to new capitalFundADV: Venture Capital FundIndustry Ventures, L.L.C.Delaware
Amounts, each with its basis
Vintage
2022basis: 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
$300Mwhat may be sold, not what was raised; file 021-426224, sworn by the adviser or filed under this vehicle
Form D sold
$300Mas of the filing of Sep 30, 2022, 56 investors
First sale
unknown
Reported GAV
$293Mon the Form ADV filed Mar 28, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
195
Reported on ADV
Mar 30, 2022 to Mar 28, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2022-09-30: the stated $300.0M offering reported fully sold (fr-1)
evidence dated Sep 30, 2022. A 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.
Lifecycle
Active deployment
vintage 2 to 4 years
age years: 4first sale: n/avintage year: $2,022adv gav as of: 2024-03-28vintage basis: adv_first_reportedform d sold usd: $300Mform d offering usd: $300Mform d latest filed at: 2022-09-30
The fund's own reporting through time
7 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 30, 2022Venture Capital Fund$173M
42$1.0M2%yes
Jun 24, 2022Venture Capital Fund$173M
42$1.0M2%yes
Nov 4, 2022Venture Capital Fund$173M
42$1.0M2%yes
Mar 29, 2023Venture Capital Fund$305M
195$1.0M2%yes
Jun 1, 2023Venture Capital Fund$305M
195$1.0M2%yes
Aug 29, 2023Venture Capital Fund$305M
195$1.0M2%yes
Mar 28, 2024Venture Capital Fund$293M
195$1.0M2%yes
Principals and agents
3 principals on Form D, 0 placement agents
  • GP Industry Ventures, LLC Promoter
  • GP IV Direct III GP, LLC Director
  • Johan D. Swildens Executive Officer
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.
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. Sep 30, 2022
    Industry Ventures Direct III, L.P. filed Form D/A: $300,000,000 sold of $300,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  2. Mar 30, 2022
    Industry Ventures Direct III, LP first reported on Form ADV by Industry Ventures, L.L.C. (Venture Capital Fund), GAV $172,602,041
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Dec 22, 2021
    Industry Ventures Direct III, L.P. filed Form D: no sales yet of $300,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
30 observations
Every observation on this vehicle