Form D · Venture Capital Fund

Indicator Ventures III, L.P.

Boston, MA · CIK 0001883727

Offering snapshot reported Dec 27, 2021 · SEC filing

Reported sold: $47M
Investors reported: 0
Minimum accepted: $0
First sale: Dec 10, 2021

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 27, 2021	Initial	$47,000,000	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-426823

Source: Form D, filed Dec 27, 2021. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

INDICATOR VENTURES III, L.P.

Investment adviser: HSV HOLDINGS LLC

Gross asset value: $56.4M
Beneficial owners: 71
ADV minimum commitment: $50K

Reported in Form ADV on Mar 13, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CARTA INVESTOR SERVICES, INC. SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor COHNREZNICK LLP HARTFORD, Connecticut, United States

Custodian BANC OF CALIFORNIA LOS ANGELES, California, United States Related to adviser: No

Custodian FIRST-CITIZENS BANK & TRUST COMPANY RALEIGH, North Carolina, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

COHNREZNICK LLP
PCAOB 596

BANC OF CALIFORNIA
LEI 549300A7DTSCJLJ33451

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

Filing source

Form ADV 2068102 · Mar 13, 2026 · Schedule D 7.B.(1), fund 805-8873432403

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Indicator Ventures, L.P.	Dec 22, 2014	$14,425,000	18
Indicator Ventures II, L.P.	Nov 3, 2017	Yet to sell	0
Indicator Ventures III, L.P. (this fund)	Dec 27, 2021	$47,000,000	0

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Hsv Holdings Llc	Promoter
Indicator Ventures (Gp) Iii, Llc	Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Indicator Ventures (Gp) Iii, Llc 373 Washington Street, 10 Th Floor
Boston, MA, 02108