Foundation Capital Leadership Fund III, L.P.
Foundation Capital · adviser of record: Foundation Capital, LLC · 2021 vintage
Foundation Capital Leadership Fund III, L.P. is a 2021 venture fund managed by Foundation Capital, with $300mm raised (Form D, amount sold). It reported $200mm in gross assets at year-end 2025, 0.67x its size, against a peak of $230mm in 2022.
- Latest value held
- $200mm year-end 2025
- Peak
- $230mm year-end 2022
- Fund size
- $300mm Form D, amount sold
- Held vs. size
- 0.67x peak 0.77x
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 | $200mm | 0.67x | -11% over 2 yrs |
| 2023 | $225mm | 0.75x | -2% |
| 2022 | $230mm | 0.77x | +7% |
| 2021 | $214mm | 0.71x | – |
Other funds from Foundation Capital
- Foundation Capital X, L.P. 2021
- Foundation Capital Leadership Fund II, L.P. 2019
- Foundation Capital IX, L.P. 2018
- Foundation Capital VIII, L.P. 2015
- Foundation Capital VII, L.P. 2012
- Foundation Capital VI, L.P. 2011
- Foundation Capital IV, L.P. 2011
- Foundation Capital V, L.P. 2011
- Foundation Capital II, L.P. 2011
- Foundation Capital Leadership Fund, L.P. 2011
- Foundation Capital III, L.P. 2011
- Foundation Capital Iiiq Entrepreneurs, LLC 2011
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 805-3310760213. Data updated October 13, 2026.
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