Industry Ventures

Industry Ventures is a prominent venture capital firm that has pioneered flexible capital solutions across the venture lifecycle, from seed and early-stage investing to late-stage secondaries and buyouts. Founded in 2000, the firm manages over $8 billion on behalf of its limited partners, making it a significant player in the private technology ecosystem. Headquartered in San Francisco, with additional offices in Washington D.C., London, and Boston, Industry Ventures offers a comprehensive platform with complementary funds and an extensive network, contributing to its long-standing track record.

The firm's investment strategy encompasses a full spectrum of the venture capital lifecycle. In the seed and early stages, Industry Ventures supports emerging VC managers investing in nascent companies. In the mid-stage, it collaborates with trusted general partners to invest in high-growth companies. For late-stage investments, the firm acquires venture capital assets, providing liquidity for company shareholders and fund investors. Additionally, Industry Ventures assists profitable venture-backed software companies in transitioning to buyouts, facilitating their growth and exit strategies.

Over the past two decades, Industry Ventures has evolved from a pioneer in secondary investments to a leading provider of flexible capital solutions for the venture ecosystem. The firm has made over 1,000 investments, holds stakes in more than 700 venture firms, and boasts an internal rate of return of 18%. Its diverse portfolio spans various sectors, including technology, healthcare, and financial services, reflecting its broad investment focus and commitment to supporting innovative companies across different industries.

In October 2025, Goldman Sachs agreed to acquire Industry Ventures for up to $965 million, including a $665 million upfront payment and up to $300 million contingent on performance through 2030. This acquisition underscores the growing importance of secondary markets and buyouts as traditional venture exits remain sluggish. The deal is expected to close in the first quarter of 2026, with all 45 Industry Ventures employees joining Goldman Sachs. This strategic move aims to enhance Goldman Sachs' offerings to technology entrepreneurs and expand its presence in the venture capital space.

Industry Ventures' commitment to innovation and flexibility in capital solutions has positioned it as a leader in the venture capital industry, continually adapting to the evolving needs of entrepreneurs and investors alike.