Commerce Ventures III, L.P.
Commerce Ventures · adviser of record: Commerce Ventures Management, LLC · 2018 vintage
Commerce Ventures III, L.P. is a 2018 venture fund managed by Commerce Ventures, with $60mm raised (Form D, amount sold). It reported $61.6mm in gross assets at year-end 2025, 1.03x its size, against a peak of $77.7mm in 2022.
- Latest value held
- $61.6mm year-end 2025
- Peak
- $77.7mm year-end 2022
- Fund size
- $60mm Form D, amount sold
- Held vs. size
- 1.03x 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 | $61.6mm | 1.03x | -6% over 2 yrs |
| 2023 | $65.6mm | 1.09x | -16% |
| 2022 | $77.7mm | 1.29x | +8% |
| 2021 | $72.3mm | 1.20x | +14% |
| 2020 | $63.2mm | 1.05x | – |
Other funds from Commerce Ventures
- Commerce Ventures V, L.P. 2023
- CV Access, LP 2022
- CV III FP, LLC 2022
- CV Industry III, LLC 2022
- CV III Developer, LLC 2022
- CV FP, LLC 2022
- Commerce Ventures IV, LP 2021
- CV Opportunities, L.P. 2021
- CV Strong F, LLC 2021
- CV II Protect E, LLC 2021
- Commerce Ivy III, LLC 2021
- CV III GBG, LLC 2021
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 805-9033087201. Data updated October 13, 2026.
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