CV III Developer, LLC
Commerce Ventures · adviser of record: Commerce Ventures Management, LLC · 2022 vintage
CV III Developer, LLC is a 2022 venture fund managed by Commerce Ventures, with $2.4mm raised (Form D, amount sold). It reported $2.6mm in gross assets at year-end 2025, 1.08x its size, against a peak of $2.6mm in 2023.
- Latest value held
- $2.6mm year-end 2025
- Peak
- $2.6mm year-end 2023
- Fund size
- $2.4mm Form D, amount sold
- Held vs. size
- 1.08x peak 1.08x
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 | $2.6mm | 1.08x | +0% over 2 yrs |
| 2023 | $2.6mm | 1.08x | +9% |
| 2022 | $2.4mm | 0.99x | – |
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 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
- CV III Recommerce, 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 805-7116413519. Data updated October 13, 2026.
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