Lowercase Industry Fund III, LLC
Lowercase Capital · adviser of record: Lowercase Capital Management, LLC · 2017 vintage
Lowercase Industry Fund III, LLC is a 2017 venture fund managed by Lowercase Capital. It reported $8.1mm in gross assets at year-end 2025, against a peak of $12.7mm in 2021.
- Latest value held
- $8.1mm year-end 2025
- Peak
- $12.7mm year-end 2021
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $8.1mm | – | +18% over 2 yrs |
| 2023 | $6.9mm | – | -12% |
| 2022 | $7.8mm | – | -39% |
| 2021 | $12.7mm | – | +42% |
| 2020 | $8.9mm | – | -8% |
| 2019 | $9.6mm | – | +145% |
| 2018 | $3.9mm | – | +24% |
| 2017 | $3.2mm | – | – |
Other funds from Lowercase Capital
- Lowercarbon Q>10, LP 2025
- Lowercarbon Zia, LP 2025
- Lowercarbon Surge, LP 2025
- Lowercarbon 430.5, LP 2025
- Lowercarbon Tesseract LP 2025
- Lowercarbon Q>10 Parallel Fund, LP 2025
- Lowercarbon Surge Parallel Fund, LP 2025
- Lowercarbon 430.5 Parallel Fund, LP 2025
- Lowercarbon SF6 10.99 Opportunity, LP 2023
- Lowercarbon 421.0, LP 2023
- Lowercarbon 421.0 Parallel Fund, LP 2023
- Lowercarbon 411.2 LP 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 805-3336872829. Data updated October 13, 2026.
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