San Francisco-based venture capital firm Industry Ventures LLC, closed Industry Ventures Partnership Holdings II and II-A at $65m.
The new fund of funds focuses on investing in venture funds with less than $250m in committed capital. Its hybrid strategy includes primary commitments and early secondary investments into small funds with high multiple potential.
Founded in 2000, Industry Ventures is led by Hans Swildens, Managing Director and Co-Founder, and Roland Reynolds, Managing Director.
It also has an office in Washington, D.C..