SaaS Ventures III, L.P. is a venture capital fund based in Coral Gables, Florida. According to its most recent Form D, filed Nov 7, 2024, it has sold $28,634,000 of interests to 67 investors since its first sale in Jan 2024. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include none] SaaS Ventures III GP, LLC; Brian Gaister.
- Total raised
- $28,634,000Cumulative sales reported on Form D
- Investors
- 67
- First sale
- Jan 23, 2024
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- none] SaaS Ventures III GP, LLC; Brian Gaister
- Latest Form D
- Nov 7, 2024
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 SaaS Ventures III, L.P.
What is the minimum investment for SaaS Ventures III, L.P.?
SaaS Ventures III, L.P.'s latest Form D, filed Nov 7, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SaaS Ventures III, L.P.?
SaaS Ventures III, L.P. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has SaaS Ventures III, L.P. raised?
SaaS Ventures III, L.P. reports $28,634,000 sold from 67 investors on its Form D filed Nov 7, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is SaaS Ventures III, L.P. based?
SaaS Ventures III, L.P. is based in Coral Gables, Florida and is managed by Saas Ventures, L.L.C..
When did SaaS Ventures III, L.P. launch?
SaaS Ventures III, L.P. reports its first sale in Jan 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 89% of the 585 venture capital funds based in Florida, and more than 94% of all 15,160 that report sales.