Form D · Venture Capital Fund

Nelstone Ventures V, a series of SAX Capital Series Fund III, LP

Seattle, WA · CIK 0001868712

Offering snapshot reported Jun 22, 2021 · SEC filing

Reported sold: $2.06M
Investors reported: 18
Minimum accepted: $18.5K
First sale: Apr 29, 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
Jun 22, 2021	Initial	$2,063,500	No comparison	18	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-403819

Source: Form D, filed Jun 22, 2021. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

NELSTONE VENTURES V, A SERIES OF SAX CAPITAL SERIES FUND III, LP

Investment adviser: ANGELLIST ASSET MANAGEMENT, LLC

Gross asset value: $539K
Beneficial owners: 18
ADV minimum commitment: $10K

Reported in Form ADV on Jul 16, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator BELLTOWER FUND GROUP, LTD. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor SENSIBA SAN FILIPPO LLP PLEASANTON, California, United States Other funds reporting this name →

Custodian GRASSHOPPER BANK NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Provider details

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

SENSIBA SAN FILIPPO LLP
PCAOB 854

Fund asset history · 2 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2024	$541,072	18	Mar 27, 2025
2025	$538,713	18	Mar 31, 2026

Filing source

Form ADV 2095539 · Jul 16, 2026 · Schedule D 7.B.(1), fund 805-3888502542

Reported by ANGELLIST ASSET MANAGEMENT, LLC (CRD 330361).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

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
Ltd. Belltower Fund Group	Director
Llc Sax Capital Series Gp Iii,	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

411 1 St Ave S Ste 505
Seattle, WA, 98104
Phone: 3603409337