SEC filing record
Primary Source · SEC.gov

Commerce Ventures III, L.P.

Fund Vehicle2018 vintageRule 506(b), Section 3(c), Section 3(c)(1)Filing record

Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.

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What this filing shows

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Every sentence is a value as filed on SEC Form D

Commerce Ventures III, L.P. is a Delaware limited partnership that filed a Form D with the SEC on September 13, 2018, describing itself as a venture capital fund. The offering claims Rule 506(b), Section 3(c), Section 3(c)(1) and covers pooled investment fund interests. Commerce Ventures III, L.P. reported that the first sale had not yet occurred as of the Form D filed September 13, 2018, so no amount sold or investor count is on file. The total offering amount is $60,000,000. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(1), it may have no more than 100 beneficial owners. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated. The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates. The issuer's address of record is 604 Mission Street, San Francisco, CA 94105.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001752958
Entity NameCommerce Ventures III, L.P.
ExemptionRule 506(b), Section 3(c), Section 3(c)(1)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(1) of the Investment Company Act: the fund is excluded from investment-company registration because it has no more than 100 beneficial owners.
Entity TypeLimited Partnership
Jurisdiction of OrganizationDelaware
Issuer Address604 Mission Street, San Francisco, CA 94105
Phone(415) 500-5352
Industry / Fund TypePooled Investment Fund · Venture Capital Fund
Investment Company ActExcluded under Section 3(c)(1) (100 beneficial owners or fewer)
Securities TypePooled investment fund interests
First Sale DateNot yet occurred (as filed)
Filing DateSeptember 13, 2018
Accession Number0001752958-18-000001
Total Offering Amount$60,000,000
Total Amount Sold$0 (no sales yet)
Amount Remaining$60,000,000
Total Investors0 (no sales yet)
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationOne year or less
Sales Commissions$0
Finders' Fees$0
Revenue RangeNot Applicable
State (Issuer Address)CA
Amendment CountOriginal filing only

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

In the Terminal

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Statements extracted

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NAV prints

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none on file

Offering chains

1

pre_sale

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Fund family Part of the Commerce Ventures family: 6 vehicles across 4 generations · full family and the filing behind each link in the terminal

Investor

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  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Adviser of Record (Form ADV)

Commerce Ventures

CRD 167328 · exempt reporting adviser · lists this fund on Schedule D 7.B.(1) as a venture capital fund

Auditor named on Form ADV: Frank, Rimerman & Co. LLP · PCAOB-registered per the adviser

From the adviser's Form ADV as loaded from the SEC bulk data, joined on this issuer's Form D file number. Fund-level figures and the adviser's full fund roster are in the terminal.

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Dan Rosen

Executive Officer · San Francisco, CA

Managing Member of the General Partner

Matt Nichols

Executive Officer · San Francisco, CA

Managing Member of the General Partner

Questions About Commerce Ventures III, L.P.

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is Commerce Ventures III, L.P.?

Commerce Ventures III, L.P. is a Delaware limited partnership that filed a Form D with the SEC on September 13, 2018 as a venture capital fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(1) for an offering of pooled investment fund interests.

Is Commerce Ventures III, L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. Commerce Ventures III, L.P. filed a Form D with the SEC on September 13, 2018 claiming Rule 506(b), Section 3(c), Section 3(c)(1). A Form D is a notice of an exempt offering, not a review or approval of it. No sales had been reported as of that notice. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is Commerce Ventures III, L.P. registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Commerce Ventures III, L.P. claimed Rule 506(b), Section 3(c), Section 3(c)(1) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has Commerce Ventures III, L.P. raised?

Commerce Ventures III, L.P. reported that the first sale had not yet occurred as of the Form D filed September 13, 2018, so no amount sold or investor count is on file. The total offering amount is $60,000,000.

Who can invest in Commerce Ventures III, L.P.?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(1), it may have no more than 100 beneficial owners. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in Commerce Ventures III, L.P.?

The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.

Who is selling Commerce Ventures III, L.P. and how are they paid?

The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind Commerce Ventures III, L.P.?

The Form D lists 2 related persons: Dan Rosen, executive officer (Managing Member of the General Partner); Matt Nichols, executive officer (Managing Member of the General Partner). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Commerce Ventures III, L.P. located?

The issuer's address on its SEC filings is 604 Mission Street, San Francisco, CA 94105. Its phone number of record is 415-500-5352. It is organized under the laws of Delaware.

How long is the Commerce Ventures III, L.P. offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

How large is Commerce Ventures III, L.P.?

The Form D reports a revenue range of Not Applicable.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.