Forerunner Builders III, L.P.
Forerunner Ventures · adviser of record: Forerunner Ventures Management, LLC · 2021 vintage
Forerunner Builders III, L.P. is a 2021 venture fund managed by Forerunner Ventures, with $60mm raised (Form D, amount sold). It reported $24.4mm in gross assets at year-end 2025, 0.41x its size, against a peak of $67.6mm in 2021.
- Latest value held
- $24.4mm year-end 2025
- Peak
- $67.6mm year-end 2021
- Fund size
- $60mm Form D, amount sold
- Held vs. size
- 0.41x peak 1.13x
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 | $24.4mm | 0.41x | -49% over 2 yrs |
| 2023 | $47.5mm | 0.79x | -25% |
| 2022 | $63.2mm | 1.05x | -7% |
| 2021 | $67.6mm | 1.13x | – |
Other funds from Forerunner Ventures
- Forerunner Builders VI, L.P. 2022
- Forerunner Partners VI, L.P. 2022
- Forerunner Friends VI, L.P. 2022
- Forerunner Builders F-G, L.P. 2021
- Forerunner Partners V, L.P. 2020
- Forerunner Builders II, L.P. 2019
- Forerunner Partners IV, L.P. 2018
- Forerunner Builders IV, L.P. 2018
- Forerunner Friends IV, L.P. 2018
- Forerunner Builders I, L.P. 2017
- Forerunner Partners III, L.P. 2016
- Forerunner For Bonobos D, LLC 2014
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 805-6260201296. Data updated October 13, 2026.
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