-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 NiXvYeNvfmbkARGtkZnF+nNvPVofWFe1ETp6PE6bmb9xoOm7ZkNCdm4Y/HQYcjRC
 dPGS1QcNG7Dn4dxeeRqdOw==

<SEC-DOCUMENT>0001467248-09-000001.txt : 20090626
<SEC-HEADER>0001467248-09-000001.hdr.sgml : 20090626
<ACCEPTANCE-DATETIME>20090626150508
ACCESSION NUMBER:		0001467248-09-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090626
DATE AS OF CHANGE:		20090626
EFFECTIVENESS DATE:		20090626

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			QCA First Fund III, LLC
		CENTRAL INDEX KEY:			0001467248
		IRS NUMBER:				263516028
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-132286
		FILM NUMBER:		09912627

	BUSINESS ADDRESS:	
		STREET 1:		11427 REED HARTMAN HIGHWAY
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45241
		BUSINESS PHONE:		513-477-0809

	MAIL ADDRESS:	
		STREET 1:		11427 REED HARTMAN HIGHWAY
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45241
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001467248</cik>
        <entityName>QCA First Fund III, LLC</entityName>
        <issuerAddress>
            <street1>11427 REED HARTMAN HIGHWAY</street1>
            <street2></street2>
            <city>CINCINNATI</city>
            <stateOrCountry>OH</stateOrCountry>
            <zipCode>45241</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>513-477-0809</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>OHIO</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2008</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName></middleName>
                <lastName>Habbert</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>QCA First Fund III, LLC</street1>
                <street2>11427 Reed Hartman Highway</street2>
                <city>Cincinnati</city>
                <stateOrCountry>OH</stateOrCountry>
                <zipCode>45241</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Managing Member of QCA First Fund Management Company, LLC, the Manager of QCA First Fund III, LLC</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Tony</firstName>
                <middleName></middleName>
                <lastName>Shipley</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>QCA First Fund III, LLC</street1>
                <street2>11427 Reed Hartman Highway</street2>
                <city>Cincinnati</city>
                <stateOrCountry>OH</stateOrCountry>
                <zipCode>45241</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Managing Member of QCA First Fund Management Company, LLC, the Manager of QCA First Fund III, LLC</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-06-12</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>N/A</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>N/A</street1>
                    <street2>N/A</street2>
                    <city>N/A</city>
                    <stateOrCountry>OH</stateOrCountry>
                    <zipCode>45241</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>KY</state>
                    <state>OH</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1875100</totalOfferingAmount>
            <totalAmountSold>1875100</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>24</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>QCA First Fund III, LLC</issuerName>
                <signatureName>Dustin Lee</signatureName>
                <nameOfSigner>Dustin Lee</nameOfSigner>
                <signatureTitle>Authorized Representative</signatureTitle>
                <signatureDate>2009-06-26</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----