Form D · Venture Capital Fund

Industry Ventures Direct III, L.P.

San Francisco, CA · CIK 0001896403

Offering snapshot reported Sep 30, 2022 · SEC filing

Reported sold: Yet to sell
Investors reported: 56
Minimum accepted: $0
First sale: Yet to occur

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 56

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Sep 30, 2022	Amendment	Yet to sell	No comparison	56	SEC filing
Dec 22, 2021	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-426224

Source: Form D, filed Sep 30, 2022. 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

INDUSTRY VENTURES DIRECT III, LP

Investment adviser: XIGINVENT, L.L.C.

Gross asset value: $337M
Beneficial owners: 187
ADV minimum commitment: $1M

Reported in Form ADV on Sep 25, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator DYNAMO SOFTWARE, LLC HOLDEN, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP BOSTON, Massachusetts, United States

Custodian CITY NATIONAL BANK SAN FRANCISCO, California, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED SAN FRANCICSO, California, United States Related to adviser: No

Marketer STARBRIDGE CAPITAL LTD. TORONTO, Canada Related to adviser: No

Marketer USN FORVALTNINGS AB STOCKHOLM, Sweden Related to adviser: No

Prime broker MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED SAN FRANCISCO, California, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

CITY NATIONAL BANK
LEI 593C3GZG957Y0JPS2Z63

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221 · LEI 8NAV47T0Y26Q87Y0QP81

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
CRD 7691 · SEC 8-7221

Filing source

Form ADV 2131701 · Sep 25, 2026 · Schedule D 7.B.(1), fund 805-8350313779

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
Industry Ventures Direct, L.P.	Jul 15, 2016	$197,380,000	7
Industry Ventures Direct II, L.P.	Jun 27, 2019	Yet to sell	0
Industry Ventures Direct III, L.P. (this fund)	Sep 30, 2022	Yet to sell	56

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
N/A Gp Industry Ventures, Llc	Promoter
N/A Gp Iv Direct Iii Gp, Llc	Director
Johan D. Swildens	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

522 Washington Street
San Francisco, CA, 94111