We are an innovative, full-stack venture capital firm that applies an entrepreneurial mindset to unlock unique opportunities.

Initially formed as a early-stage technology investor, Industry Ventures identified a unique opportunity to forge a venture secondary market when the NASDAQ collapsed shortly after our first direct investments. This entrepreneurial spirit is core to our DNA.

Our first completed secondary transaction was a share purchase in Speedera Networks* from a publicly traded corporation. Speedera Networks was already a mature company at the time of our investment, and Akamai ultimately acquired the business in 2005.

With a budding track record, we closed our first fund from institutional limited partners. Industry Ventures Secondary Fund IV focused exclusively on purchasing direct secondary investments, limited partnership interests, and special situations in venture capital.

Observing the outperformance of the small-fund venture capital market, Industry Ventures launched its hybrid fund of funds program, Partnership Holdings, with the acquisition of Little Hawk Capital Management LLC in late 2009.

With the debut of Partnership Holdings, we built a portfolio of several dozen small, early-stage venture funds that spawned direct opportunities for our firm. Initial underlying co-investments included Facebook, Instagram, Pandora, Twitter, Uber, and Zynga*.

The success of the venture market attracted larger and later follow-on financings, which often exceed the capacity and scope of our managers’ small, early-stage funds. We put control and power back in our managers hands by funding their pro-rata allocations.

The Firm raised its debut direct fund, Industry Ventures Direct, to build on the successful primary direct investment strategy. These venture-backed companies are typically funded by existing Partnership Holdings’ managers through special purpose vehicles and direct co-investments.

After two decades in the venture ecosystem, Industry Ventures counts 425+ fund interests with 5,000+ underlying companies. We are in a unique position to connect venture-backed companies and boards with tech buyout managers where control ownership makes sense.

With a decade of experience investing internationally from our San Francisco and Washington D.C. offices, we opened our first overseas office in London. Venture capital has deepened its roots across Europe, and we are harvesting opportunities with an on-the-ground presence.

Petershill Partners, operated by Goldman Sachs Asset Management, made a permanent capital investment with us. Their partnership provides strategic support to position our firm for continued growth and development capital to allow deeper GP investment into all of our various fund strategies.

Industry Ventures crossed over $5B in committed capital* across four strategies spanning the venture lifecycle: Partnership Holdings (seed and early stage), Direct Fund (early-growth stage), Secondary Fund (late stage), Tech Buyout (post venture).