Foothill Ventures III LP is a venture capital fund based in Los Altos, California. According to its most recent Form D, filed Jun 13, 2023, it has sold $47,600,000 of interests to 47 investors since its first sale in May 2023. The minimum investment it accepts from an outside investor is $500,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Xuhui Shao; Eric Rosenblum; Foothill Ventures III GP LLC.
- Total raised
- $47,600,000Cumulative sales reported on Form D
- Investors
- 47
- First sale
- May 30, 2023
- Minimum investment
- $500,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Xuhui Shao; Eric Rosenblum; Foothill Ventures III GP LLC
- Latest Form D
- Jun 13, 2023
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Foothill Ventures III LP
What is the minimum investment for Foothill Ventures III LP?
According to its latest Form D, filed Jun 13, 2023, the minimum investment Foothill Ventures III LP accepts from an outside investor is $500,000.
Who can invest in Foothill Ventures III LP?
Foothill Ventures III LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Foothill Ventures III LP raised?
Foothill Ventures III LP reports $47,600,000 sold from 47 investors on its Form D filed Jun 13, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Foothill Ventures III LP based?
Foothill Ventures III LP is based in Los Altos, California.
When did Foothill Ventures III LP launch?
Foothill Ventures III LP reports its first sale in May 2023.
Size compared with every venture capital fund
Raised more than 90% of the 2,193 venture capital funds based in California, and more than 96% of all 14,732 that report sales.