Canvas Ventures 3, L.P.
Canvas Ventures · adviser of record: Canvas Management Company, L.L.C. · 2019 vintage
Canvas Ventures 3, L.P. is a 2019 venture fund managed by Canvas Ventures, with $300mm raised (Form D, amount sold). It reported $315mm in gross assets at year-end 2025, 1.05x its size, against a peak of $386mm in 2022.
- Latest value held
- $315mm year-end 2025
- Peak
- $386mm year-end 2022
- Fund size
- $300mm Form D, amount sold
- Held vs. size
- 1.05x peak 1.29x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $315mm | 1.05x | -10% over 2 yrs |
| 2023 | $350mm | 1.17x | -9% |
| 2022 | $386mm | 1.29x | +3% |
| 2021 | $374mm | 1.25x | +19% |
| 2020 | $313mm | 1.04x | +52% |
| 2019 | $206mm | 0.69x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| LAFPP | 2025-12-31 | $7.5mm | 0.10x | 0.93x | 0.83x |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Canvas Ventures
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-7473320188. Data updated October 13, 2026.
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