Underscore.VC Fund III, L.P. is a venture capital fund based in Boston, Massachusetts. According to its most recent Form D, filed Apr 12, 2024, it has sold $58,240,384 of interests to 85 investors since its first sale in Sep 2023. The filing does not set a minimum investment. 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 Christopher Gardner; Richard Dulude; Olivia Lyman.
- Total raised
- $58,240,384Cumulative sales reported on Form D
- Investors
- 85
- First sale
- Sep 19, 2023
- Minimum investment
- None set
- 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
- Christopher Gardner; Richard Dulude; Olivia Lyman
- Latest Form D
- Apr 12, 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 Underscore.VC Fund III, L.P.
What is the minimum investment for Underscore.VC Fund III, L.P.?
Underscore.VC Fund III, L.P.'s latest Form D, filed Apr 12, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Underscore.VC Fund III, L.P.?
Underscore.VC Fund III, L.P. 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 Underscore.VC Fund III, L.P. raised?
Underscore.VC Fund III, L.P. reports $58,240,384 sold from 85 investors on its Form D filed Apr 12, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Underscore.VC Fund III, L.P. based?
Underscore.VC Fund III, L.P. is based in Boston, Massachusetts.
When did Underscore.VC Fund III, L.P. launch?
Underscore.VC Fund III, L.P. reports its first sale in Sep 2023.
Size compared with every venture capital fund
Raised more than 92% of the 531 venture capital funds based in Massachusetts, and more than 97% of all 14,865 that report sales.