Venture
LB III, L.P.
Sold $289M 2024-05-24Venture Capital Fund · adviser (attributed) Lightbank
- CIK 1953433
- File 021-463935
- State IL
- 506(b)
- 3(c)(7)
- Sought
- $289M
- Form D target
- Sold so far
- $289M
- 100% of sought · 2024-05-24
- Investors
- 64
- reported
- Minimum investment
- $0
- no minimum, as filed
Connected
from Form D 021-463935Fund size — sought vs sold
$289M of $289M$289M sold · 100%$289M sought
Facts
As its latest Form D states them
- Fund type
- Venture Capital Fund
- Adviser (attributed)
- Lightbank
- State
- Illinois (IL)
- Exemptions
- Rule 506(b); Investment Company Act Section 3(c)(7)
- First filed
- 2022-11-04
- Latest filing
- 2024-05-24
- First sale
- 2022-11-17
- Filings
- 2 Form D
People
Named in Item 3 of its latest Form D, filed 2024-05-24
| Name | Relationship | Clarification |
|---|---|---|
| LB GP III, LLC | RelationshipExecutive Officer | ClarificationGeneral Partner of the Issuer |
| Lightbank Asset Management, LLC | RelationshipPromoter | ClarificationManagement Company of the Issuer |
| Lightbank, LLC | RelationshipPromoter | ClarificationManager of the General Partner of the Issuer |
| Black Media, LLC | RelationshipPromoter | ClarificationManager of the Management Company of the Issuer |
| Eric Lefkofsky | RelationshipExecutive Officer | ClarificationManager of Lightbank, LLC and Black Media, LLC |
Sales compensation
Named in Item 12 of its Form D filings
| Recipient | CRD | Broker-dealer | Offerings |
|---|---|---|---|
| Uncommon Capital Group, LLC | CRD— | Broker-dealerStonehaven, LLC · CRD 118913 | Offerings1 |
Amendments
amount sold · by filing date2024-05-24 · $289M
- 2022-11-04$0D · 0 inv.
- 2024-05-24$289MD/A · 64 inv.
Hover a dot or row, or tab through the dots · bars scaled to the largest round ($289M)
The other funds of Lightbank (9 on Form ADV) and every Form D as filedSee plans
The firm and the filings behind LB III, L.P.
A fund's Form D states its target and what it has sold so far. The dashboard puts it beside the adviser's other funds from Form ADV, the startups linked to it, and every amendment as filed.
- The adviser's Venture page: its Form ADV funds, assets and other Form D offerings
- Where co-filings link it, the startups this fund backed
- Every Form D and amendment as filed, with what each one stated
- Everyone its filings name, linked to their other funds and companies
Part of the Venture plan — $140/mo at launch pricing ($350 list)
See plansExternal link: SEC Filings ↗