The firm’s investor base includes leading institutions representing government and corporate pension funds, endowments, foundations, high net worth family offices, and a sizable commitment from its general partner.
FREMONT, CA: Leading investment firm focusing on the venture capital market, Industry Ventures, LLC, announced the closing of Industry Ventures Direct II, L.P., for a total commitment of USD 180 million. The investment round will help the company continue the same strategy of making direct investments into early- and mid-stage technology companies alongside 80 seed and early-stage fund managers backed by the firm. The company has previously invested in over 100 technology companies directly and through dedicated co-investment funds (SPVs). Seven of these companies have completed their IPOs; Datadog, Fastly, Guardant Health, Instructure, Lifelock, Uber, and Yeahka.
“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,” said Hans Swildens, CEO and Founder of Industry Ventures. Industry Ventures-backed companies have also gone on to achieve private valuations of over USD 1 billion; Automattic, Carta, Coupang, Planet, Quizlet, Stripe, and Woowa Brothers. The firm’s investor base includes leading institutions representing government and corporate pension funds, endowments, foundations, high net worth family offices, and a sizable commitment from its general partner.
“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,” said Roland Reynolds, Senior Managing Director of Industry Ventures. The company was founded in 2000 and is a leading venture capital firm with USD 3.6 billion currently under management. Industry Ventures invests across all stages of the venture capital lifecycle through complimentary fund strategies. The firm is headquartered in San Francisco, with offices in the Washington, DC area, and London.