DFX Intelligence
Dynamo 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 Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- +15%reported GAV
Reported gross assets rose from $47M to $54M between the Form ADV filings of 29 Mar 2024 and 15 Apr 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
- indefinitewhat may be sold, not what was raised; file 021-483134, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jun 1, 2023
- First sale
- unknown
- Reported GAV
- $54.0Mon the Form ADV filed Apr 15, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 63
- Reported on ADV
- Mar 29, 2024 to Apr 15, 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 2023-06-01, older than 15 months (fr-1)
evidence dated Jun 1, 2023.
LifecycleEarly deployment
vintage within 2 years
age years: 2first sale: n/avintage year: 2024adv gav as of: Apr 15, 2026vintage basis: ADV first reportedform d sold: $0form d offering: n/aform d latest filed at: Jun 1, 2023
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2024 | Venture Capital Fund | $47.0M | 59 | $5,000 | 8% | yes | |
| Apr 15, 2026 | Venture Capital Fund | $54.0M | 63 | $5,000 | 10% |
Principals and agents
2 principals on Form D, 0 placement agents
- Dynamo Ventures III, L.P. Promoter
- Dynamo III GP Holdings, LLC Director
Service providers
2 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · SAN JOSE, California, United StatesForm ADV filed Apr 15, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · NEW YORK, New York, United StatesForm ADV filed Apr 15, 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.
1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Maclellan Foundation Inc | FOUNDATION | $332,740 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
3 events
- Apr 15, 2026Auditor changed: Frank, Rimerman + Co. replaced WithumSmith+Brown, first reported on the Form ADV filed April 15, 2026 (previous filing March 27, 2025)Auditor changed Fact Form ADV
- Mar 29, 2024Dynamo Fund III, LP first reported on Form ADV by Dynamo Management Company, LLC (Venture Capital Fund), GAV $47,000,000Fund first reported on Form ADV Fact Form ADV
- Jun 1, 2023Dynamo Fund III, LP filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jun 1, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Jun 1, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 1, 2023 Fact Form D
- Amendment: false Jun 1, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 1, 2023 Fact Form D
- Incorporated: withinFiveYears Jun 1, 2023 Fact Form D
- Jurisdiction: Delaware Jun 1, 2023 Fact Form D
- Amount sold (Form D): $0 Jun 1, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Jun 1, 2023 Fact Form D
- Indefinite offering: true Jun 1, 2023 Fact Form D
- Investors (Form D): 0 Jun 1, 2023 Fact Form D
- Minimum investment (Form D): 0 Jun 1, 2023 Fact Form D
- Securities offered: pooled Jun 1, 2023 Fact Form D
- Office address: Jun 1, 2023 Fact Form D
- Year of incorporation: 2023 Jun 1, 2023 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Dynamo Fund III, LP 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
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2024-03-29source on record
- Form D filed2023-06-01source 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.