Series B, a series of UM Pre-IPO Portfolio Fund III LLC
Raised
$2M
Investors
21
Min Invest
$100,000
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AltStreet Analysis
·Generated from EDGAR primary sources
Series B, a series of UM Pre-IPO Portfolio Fund III LLC, is a Delaware pooled investment fund filed by UpMarket (CIK 0002065824) on 2025-04-28 under Rule 506(c). The fund raised $1.8M from 21 investors with a $100K minimum investment. It is part of the UpMarket platform, which operates approximately 30 related EDGAR entities focused on pre-IPO exposure.
This 506(c) pre-IPO fund falls within the retail-accessible tier at $100K minimum, consistent with platform-based SPV structures targeting accredited investors. The $85K average check size and 21-investor count reflect typical syndicated access to private growth companies ahead of public listing.
Data Flags
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
In the Terminal
Filing events
1
latest Apr 28, 2025
Critical / warning
0 / 0
0 watch · 1 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
lapsed
Latest event New filer · Apr 28, 2025
SEC.govFund family Part of the UM Pre IPO Portfolio Fund III family: 5 vehicles across 0 generations · full family and the filing behind each link in the terminal
Investor
- The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
- The dated record: 9 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 1 filing event with values and deltas, latest 2025-04-28, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Hui Chen
Director · NEW YORK, NY
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
Upmarket Securities LLC
Milpitas, CA · Soliciting in AR, AZ, CA, CO, CT, DC, FL, GA, IL, LA, MA, MD, ME, MI, MN, NC, NJ, NM, NV, NY, OH, OR, PA, PR, RI, SC, TN, TX, UT, VA, WA, WI
Questions About Series B, a series of UM Pre-IPO Portfolio Fund III LLC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Series B, a series of UM Pre-IPO Portfolio Fund III LLC?
Series B, a series of UM Pre-IPO Portfolio Fund III LLC is a Delaware limited liability company that filed a Form D with the SEC on April 28, 2025 in the Other industry group. The filing claims Rule 506(c) for an offering of pooled investment fund interests. AltStreet links the issuer to UpMarket.
Is Series B, a series of UM Pre-IPO Portfolio Fund III LLC legit?
AltStreet does not rate legitimacy; it reports the public record. Series B, a series of UM Pre-IPO Portfolio Fund III LLC filed a Form D with the SEC on April 28, 2025 claiming Rule 506(c). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $1,790,000 sold to 21 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to UpMarket, which AltStreet has reviewed. 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 Series B, a series of UM Pre-IPO Portfolio Fund III LLC 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 Series B, a series of UM Pre-IPO Portfolio Fund III LLC claimed Rule 506(c) 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 Series B, a series of UM Pre-IPO Portfolio Fund III LLC raised?
Series B, a series of UM Pre-IPO Portfolio Fund III LLC reported $1,790,000 sold from 21 investors in an offering of indefinite size as of the Form D filed April 28, 2025.
Who can invest in Series B, a series of UM Pre-IPO Portfolio Fund III LLC?
The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $100,000.
What is the minimum investment in Series B, a series of UM Pre-IPO Portfolio Fund III LLC?
The Form D lists $100,000 as the minimum investment accepted from any outside investor as of April 28, 2025. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling Series B, a series of UM Pre-IPO Portfolio Fund III LLC and how are they paid?
The Form D names Upmarket Securities LLC as the recipient of sales compensation soliciting in AR, AZ, CA, CO, CT, DC, FL, GA, IL, LA, MA, MD, ME, MI, MN, NC, NJ, NM, NV, NY, OH, OR, PA, PR, RI, SC, TN, TX, UT, VA, WA, WI. Sales commissions are reported as $107,400 and finders' fees as $0. Form D allows these to be estimates.
Who is behind Series B, a series of UM Pre-IPO Portfolio Fund III LLC?
The Form D lists 1 related person: Hui Chen, director. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Series B, a series of UM Pre-IPO Portfolio Fund III LLC located?
The issuer's address on its SEC filings is 1325 Avenue of the Americas, New York, NY 10019. Its phone number of record is 516-281-4242. It is organized under the laws of Delaware.
How long is the Series B, a series of UM Pre-IPO Portfolio Fund III LLC 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.
What is Series B, a series of UM Pre-IPO Portfolio Fund III LLC's revenue?
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.