Home PC News Industry Ventures Closes $180 Million Direct Venture Fund

Industry Ventures Closes $180 Million Direct Venture Fund


Industry Ventures, LLC (“Industry Ventures”), a number one funding agency centered on the enterprise capital market, introduced right this moment the ultimate closing of Industry Ventures Direct II, L.P. (“the Fund”) with complete commitments of $180 million. The Fund will proceed the identical technique of constructing direct investments into early- and mid-stage know-how corporations alongside 80 seed and early-stage fund managers backed by the agency.

Industry Ventures has beforehand invested into greater than 100 know-how corporations immediately and thru devoted co-investment funds (SPVs). Seven of those corporations have accomplished IPOs, particularly: Datadog, Fastly, Guardant Health, Instructure, Lifelock, Uber and Yeahka. Another seven of those corporations have achieved non-public valuations of $1 billion or extra: Automattic, Carta, Coupang, Planet, Quizlet, Stripe and Woowa Brothers1.

“The strong support from our Limited Partners, particularly during COVID lockdowns, underscores the compelling opportunity to invest in digital transformation, which has accelerated as a result of the global pandemic,” stated Hans Swildens, CEO and Founder of Industry Ventures.

Roland Reynolds, Senior Managing Director, added, “Direct II enables our team to increase our exposure to our managers’ leading investments and support post-seed and A-round financings. In the competitive world of venture capital, Industry Ventures is distinguished by our unique brand of collaborative support over the lifecycle of high-growth tech companies.”

The agency’s investor base contains main establishments representing authorities and company pension funds, endowments, foundations, excessive web value household places of work and a large dedication from its basic accomplice.

For extra on the agency’s Direct funding technique, click on here.

About Industry Ventures LLC

Founded in 2000, Industry Ventures is a number one enterprise capital platform with $3.6 billion beneath administration at the moment. Industry Ventures invests throughout all levels of the enterprise capital lifecycle by means of complementary fund methods. The agency is headquartered in San Francisco, with places of work within the Washington, DC space and London. For extra data, please go to www.industryventures.com.


1 The portfolio corporations recognized and described herein don’t symbolize all of the portfolio corporations bought, bought or really useful for funds suggested by Industry Ventures. The reader shouldn’t assume that an funding within the portfolio corporations recognized was or will probably be worthwhile. A full itemizing of investments may be supplied upon request. Past efficiency just isn’t indicative of future outcomes. For an inventory of realized investments, please go to https://www.industryventures.com/investments/. AUM as of 6/30/2020.

Alex Adam
Industry Ventures
[email protected]

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