Upwest Labs Fund III, LP
Upwest Labs · adviser of record: Upwest Labs Management, LLC · 2016 vintage
Upwest Labs Fund III, LP is a 2016 venture fund managed by Upwest Labs, with $18.4mm raised (Form D, amount sold). It reported $54.9mm in gross assets at year-end 2025, 2.98x its size, against a peak of $69.3mm in 2022.
- Latest value held
- $54.9mm year-end 2025
- Peak
- $69.3mm year-end 2022
- Fund size
- $18.4mm Form D, amount sold
- Held vs. size
- 2.98x peak 3.77x
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 | $54.9mm | 2.98x | -6% over 2 yrs |
| 2023 | $58.4mm | 3.17x | -16% |
| 2022 | $69.3mm | 3.77x | +6% |
| 2021 | $65.6mm | 3.57x | +183% |
| 2020 | $23.2mm | 1.26x | +82% |
| 2019 | $12.8mm | 0.69x | +0% |
| 2018 | $12.8mm | 0.69x | +452% |
| 2017 | $2.3mm | 0.13x | – |
Other funds from Upwest Labs
- Upwest Labs Opportunity Fund I LP 2023
- Upwest Labs Fund IV, L.P. 2020
- Upwest Labs SPV I, L.P. 2020
- Upwest Labs Fund II, LP 2014
- Upwest Labs Fund I, LP 2012
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 805-2297009345. Data updated October 13, 2026.
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