Thayer Ventures III, L.P.
Thayer Ventures · adviser of record: Thayer Ventures Management Company, L.L.C. · 2017 vintage
Thayer Ventures III, L.P. is a 2017 venture fund managed by Thayer Ventures, with $43.4mm raised (Form D, amount sold). It reported $71mm in gross assets at year-end 2025, 1.64x its size, against a peak of $71mm in 2020.
- Latest value held
- $71mm year-end 2025
- Peak
- $71mm year-end 2020
- Fund size
- $43.4mm Form D, amount sold
- Held vs. size
- 1.64x peak 1.64x
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 | $71mm | 1.64x | +0% |
| 2024 archived filing | $71mm | 1.64x | +0% |
| 2023 | $71mm | 1.64x | +0% |
| 2022 | $71mm | 1.64x | +0% |
| 2021 | $71mm | 1.64x | +0% |
| 2020 | $71mm | 1.64x | +0% |
| 2019 | $70.8mm | 1.63x | +175% |
| 2018 | $25.7mm | 0.59x | +31% |
| 2017 | $19.6mm | 0.45x | – |
Other funds from Thayer Ventures
- Thayer Ventures IV, L.P. 2022
- Thayer Ventures Affiliates Fund II, L.P. 2015
- Thayer Ventures Access Fund, L.P. 2015
- Quest Hospitality Ventures I, L.P. 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 805-9535467529. Data updated October 13, 2026.
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