Switch Ventures III, L.P.
Switch Ventures · adviser of record: Switch Ventures Management, LLC · 2021 vintage
Switch Ventures III, L.P. is a 2021 venture fund managed by Switch Ventures, with $35mm raised (Form D, amount sold). It reported $34.4mm in gross assets at year-end 2025, 0.98x its size, its highest reported value.
- Latest value held
- $34.4mm year-end 2025
- Peak
- $34.4mm year-end 2025
- Fund size
- $35mm Form D, amount sold
- Held vs. size
- 0.98x peak 0.98x
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 | $34.4mm | 0.98x | +46% over 2 yrs |
| 2023 | $23.5mm | 0.67x | +8% |
| 2022 | $21.8mm | 0.62x | +87% |
| 2021 | $11.7mm | 0.33x | – |
Other funds from Switch Ventures
- Switch Ventures Growth III-B, LP 2023
- Switch Ventures Ivy, LLC 2020
- Switch Ventures II, L.P. 2018
- Switch Ventures, L.P. 2015
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 805-6587725027. Data updated October 13, 2026.
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