Form D · Venture Capital Fund

Sapphire Opportunity Fund III, LP

Palo Alto, CA · CIK 0001851887

Offering snapshot reported Mar 23, 2021 · SEC filing

Reported sold: $200M
Investors reported: 4
Minimum accepted: $0
First sale: Mar 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
Mar 23, 2021	Initial	$200,000,000	No comparison	4	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-393117

Source: Form D, filed Mar 23, 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

SAPPHIRE OPPORTUNITY FUND III, L.P.

Investment adviser: SAPPHIRE VENTURES, LP

Gross asset value: $118M
Beneficial owners: 5
ADV minimum commitment: $5M

Reported in Form ADV on Jul 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SEI OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BDO USA, P.C. SAN FRANCISCO, California, United States

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

Custodian SILICON VALLEY BANK MENLO PARK, California, United States Related to adviser: No

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

Prime broker MORGAN STANLEY MENLO PARK, California, United States

Provider details

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

BDO USA, P.C.
PCAOB 243

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

SILICON VALLEY BANK
LEI 0K2D5AK28EO5CC06E35

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

MORGAN STANLEY
CRD 149777 · SEC 8-68191

Filing source

Form ADV 2123070 · Jul 30, 2026 · Schedule D 7.B.(1), fund 805-7418445578

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
Sapphire Opportunity Fund, LP	May 10, 2019	Yet to sell	0
Sapphire Opportunity Fund II, LP	Jan 27, 2020	$150,000,000	4
Sapphire Opportunity Fund III, LP (this fund)	Mar 23, 2021	$200,000,000	4
Sapphire Opportunity Fund IV, LP	Sep 4, 2024	$28,150,000	2

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
Jayendra Das	Director
Nino Marakovic	Director
N/A Sapphire Opportunity (Gpe) Iii, Llc	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

3408 Hillview Avenue Building 5
Palo Alto, CA, 94304