- Industry Ventures recently announced it closed $300 million for the Industry Ventures Direct III Fund. These are the details.
Industry Ventures – a leading investment firm focused on venture capital – recently announced the final closing of Industry Ventures Direct III, L.P., the firm’s third fund focused on early- and mid-stage technology investments.
Funding amount: $300 million of committed capital.
Fund: Industry Ventures Direct III Fund. The Fund’s investor base includes leading institutions representing public and corporate pension funds, endowments, foundations, financial institutions, and family offices, as well as a sizable commitment from its General Partner.
Total institutional committed capital under management: $5.5 billion with over $680 million of that dedicated to the Direct fund strategy.
Metrics: Over the past decade, the team has made over 130 investments into leading venture-backed companies directly and through pro-rata Special Purpose Vehicles (SPVs). And to date, eleven of these companies have completed IPOs, three have successfully exited through M&A transactions, and thirty-three companies have achieved private valuations of $1 billion or more.
KEY QUOTES:
“We are grateful for strong support from our Limited Partners. Our unique brand of collaborative capital and partnership with our small, early-stage fund managers to support their breakout companies in follow-on rounds is well suited for a changing venture landscape with less capital availability.”
— Roland Reynolds, Senior Managing Director
“In today’s capital-constrained world, we are very fortunate that our LPs continue to support our direct investing strategy and see the same unique opportunity we have to invest in tomorrow’s transformational technology companies.”
— Hans Swildens, Founder and CEO of Industry Ventures
