SAN FRANCISCO–(BUSINESS THREAD)–Industry Ventures, a leading investment firm focused on venture capital, today announced the final closing of Industry Ventures Direct III, LP (“the Fund”), the firm’s third fund focused on early and mid-stage technology investments. With $300 million in committed capital, the fund brings the firm’s total committed institutional capital under management to $5.5 billion, with more than $680 million dedicated to the direct funds strategy.

Over the past decade, the team has made more than 130 investments in leading venture-backed companies directly and through rationed special purpose vehicles (SPVs). 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.

“We are grateful for the strong support of our limited partners. Our unique brand of collaborative capital and partnering with our smaller early-stage fund managers to support their breakout companies in later rounds is well suited to a changing risk landscape with less availability of capital,” said Roland Reynolds, senior managing director.

“In today’s capital-constrained world, we are very fortunate that our LPs continue to support our direct investment strategy and see the same unique opportunity we have to invest in the transformative technology companies of the future,” said Hans Swildens, founder and CEO from Industry Ventures.

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 significant commitment from its general partner.

For more information on Industry Ventures and the company’s direct investment strategy, click here.

About Industry Ventures LLC

Founded in 2000, Industry Ventures is a leading investment platform with $5.5 billion in assets under management and an exclusive technology focus in venture capital and private equity. The company is headquartered in San Francisco, with additional offices in Washington DC and London. Industry Ventures funds invest in private technology companies and partnerships directly and through secondary transactions. The firm’s complementary fund strategies aim to address inefficiencies with flexible solutions for entrepreneurs and fund managers, while providing limited partners with exposure throughout the company’s lifecycle. For more information, visit www.industryventures.com.



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