Industry Ventures, LLC, a San Francisco, CA-based venture capital firm, closed Industry Ventures Direct II, L.P., at $180m.
Backed by institutions representing government and corporate pension funds, endowments, foundations, high net worth family offices and a sizable commitment from its general partner, the fund will make direct investments into early- and mid-stage technology companies alongside 80 seed and early-stage fund managers backed by the firm.
Founded in 2000 by Hans Swildens, CEO, and also led by Roland Reynolds, Senior Managing Director, Industry Ventures is a venture capital platform with $3.6 billion under management currently. The firm invests across all stages of the venture capital lifecycle through complementary fund strategies. It has previously invested into more than 100 technology companies directly and through dedicated co-investment funds (SPVs). Seven of these companies have completed IPOs, specifically: Datadog, Fastly, Guardant Health, Instructure, Lifelock, Uber and Yeahka. Another seven of these companies have achieved private valuations of $1 billion or more: Automattic, Carta, Coupang, Planet, Quizlet, Stripe and Woowa Brothers.
The firm also has offices in the Washington, DC area and London.