Industry Ventures LLC, a San Francisco, CA-based venture capital firm, closed a total of over $400m in two funds.
The new funds, which bring the firm’s total institutional capital under management to over $3 billion, of which $1.1 billion has been raised this year, include:
– Industry Ventures Partnership Holdings IV, L.P., a hybrid fund of funds to support new early stage venture capital partnerships, and
– Industry Ventures Direct, L.P., the firm’s debut direct co-investment fund to invest in early and mid-stage companies when they need more capital for growth.
Founded in 2000 by Hans Swildens, CEO, Industry Ventures has invested in over 66 new venture capital partnerships, 12 co-investment funds and made 26 direct co-investments.
The funds focus generally on technology investments in the software, internet infrastructure, hardware, digital education, fintech, mobile applications, digital health, and cyber security sectors. The investor base includes leading institutions representing government and corporate pension funds, insurance companies, endowments, foundations, high net worth family offices and the firm’s Managing Directors.