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        <entityName>GAP COINVESTMENTS III, LLC</entityName>
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            <city>NEW YORK</city>
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            <previousName>GAP COINVESTMENTS  III LLC</previousName>
            <previousName>GAP COINVESTMENTS PARTNERS III LLC</previousName>
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                <lastName>Levy</lastName>
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                <stateOrCountryDescription>CHINA</stateOrCountryDescription>
                <zipCode>200010</zipCode>
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                <is40Act>false</is40Act>
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        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
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        <federalExemptionsExclusions>
            <item>06b</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0000950142-21-000265</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2013-08-29</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
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            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
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        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
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        <minimumInvestmentAccepted>1</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>255859672</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>92</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
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            <findersFees>
                <dollarAmount>0</dollarAmount>
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            <clarificationOfResponse></clarificationOfResponse>
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        <useOfProceeds>
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                <dollarAmount>0</dollarAmount>
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            <clarificationOfResponse></clarificationOfResponse>
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        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>GAP COINVESTMENTS III, LLC</issuerName>
                <signatureName>/s/ Kelly Pettit</signatureName>
                <nameOfSigner>Kelly Pettit</nameOfSigner>
                <signatureTitle>Authorized Signatory</signatureTitle>
                <signatureDate>2022-03-23</signatureDate>
            </signature>
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