Valhalla Ventures Terran Bio SPV III LLC
Valhalla Ventures · adviser of record: Valhalla Ventures Management Company LLC · 2022 vintage
Valhalla Ventures Terran Bio SPV III LLC is a 2022 venture fund managed by Valhalla Ventures, with $14.1mm raised (Form D, amount sold). It reported $3.3mm in gross assets at year-end 2025, 0.23x its size, its highest reported value.
- Latest value held
- $3.3mm year-end 2025
- Peak
- $3.3mm year-end 2025
- Fund size
- $14.1mm Form D, amount sold
- Held vs. size
- 0.23x peak 0.23x
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 | $3.3mm | 0.23x | +3% over 2 yrs |
| 2023 | $3.2mm | 0.23x | – |
Other funds from Valhalla Ventures
- Valhalla Ventures Fund I LP 2022
- Valhalla Ventures Terran Bio SPV I LLC 2022
- Valhalla Ventures Terran Bio SPV II LLC 2022
- Valhalla Ventures Udelv SPV I LLC 2022
- Good AM Ventures Protego Trust SPV I LLC 2022
- Valhalla Ventures Mobilecoin SPV I LLC 2022
- Valhalla Ventures Climax Foods SPV I LLC 2022
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 805-1925874479. Data updated October 13, 2026.
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