Investments
436Portfolio Exits
43Funds
38Partners & Customers
2Service Providers
1About Industry Ventures
Industry Ventures is a venture capital firm that offers capital solutions across various stages of the venture life cycle. It provides investments from seed and early-stage to late-stage secondaries, as well as transitions to buyouts for VC-backed companies. Industry Ventures serves the venture capital ecosystem, including fund managers and entrepreneurs at different stages of company growth. It was founded in 2000 and is based in San Francisco, California. In October 2025, Industry Ventures was acquired by Goldman Sachs Asset Management at a valuation between $665M and $965M.
Latest Industry Ventures News
Oct 25, 2025
Goldman Sachs has agreed to acquire Industry Ventures, a venture capital platform that invests across the full lifecycle of private equity, including secondary investments, early-stage co-investments, seeding emerging funds, and hybrid structures. Industry Ventures currently oversees about US$7 billion in client assets and has made over a thousand investments since its founding in 2000. Under the deal, Industry Ventures will become part of Goldman's External Investing Group (XIG), which already handles traditional and alternative strategies for institutional and wealth clients. The firm's 45 employees are expected to join Goldman Sachs, with leadership roles inside Goldman's asset management business. This acquisition strengthens Goldman Sachs' private markets footprint by adding deeper venture and secondary capabilities, expanding the alternatives business that already oversees around US$540 billion. It also represents another way Goldman is advancing the Alts2Wealth trend, bringing institutional-quality venture and secondary opportunities to advisers and clients seeking broader access to private markets within an integrated wealth management ecosystem. Read the original article here
Industry Ventures Investments
436 Investments
Industry Ventures has made 436 investments. Their latest investment was in d-Matrix as part of their Series C on November 12, 2025.
Industry Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/12/2025 | Series C | d-Matrix | $275M | No | Bullhound Capital, EDBI, M12, Mirae Asset Financial Group, Nautilus Venture Partners, Qatar Investment Authority, Temasek, and Triatomic Capital | 3 |
11/3/2025 | Series A | Olli Health | $10M | Yes | Arkitekt Ventures, Cannage Capital, Equitage Ventures, and Tau Ventures | 3 |
9/22/2025 | Series C - II | Cardless | $60M | No | 2 | |
8/14/2025 | Series A | |||||
8/14/2025 | Series B |
Date | 11/12/2025 | 11/3/2025 | 9/22/2025 | 8/14/2025 | 8/14/2025 |
|---|---|---|---|---|---|
Round | Series C | Series A | Series C - II | Series A | Series B |
Company | d-Matrix | Olli Health | Cardless | ||
Amount | $275M | $10M | $60M | ||
New? | No | Yes | No | ||
Co-Investors | Bullhound Capital, EDBI, M12, Mirae Asset Financial Group, Nautilus Venture Partners, Qatar Investment Authority, Temasek, and Triatomic Capital | Arkitekt Ventures, Cannage Capital, Equitage Ventures, and Tau Ventures | |||
Sources | 3 | 3 | 2 |
Industry Ventures Portfolio Exits
43 Portfolio Exits
Industry Ventures has 43 portfolio exits. Their latest portfolio exit was Sojern on October 01, 2025.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
10/1/2025 | Acquired | 4 | |||
4/10/2025 | Acquired | 2 | |||
5/2/2024 | Acq - Fin | Permira | 5 | ||
Date | 10/1/2025 | 4/10/2025 | 5/2/2024 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acq - Fin | ||
Companies | |||||
Valuation | |||||
Acquirer | Permira | ||||
Sources | 4 | 2 | 5 |
Industry Ventures Acquisitions
2 Acquisitions
Industry Ventures acquired 2 companies. Their latest acquisition was Technology Funding on October 06, 2006.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
10/6/2006 | Take Private | |||||
5/16/2006 |
Date | 10/6/2006 | 5/16/2006 |
|---|---|---|
Investment Stage | ||
Companies | ||
Valuation | ||
Total Funding | ||
Note | Take Private | |
Sources |
Industry Ventures Fund History
38 Fund Histories
Industry Ventures has 38 funds, including Industry Ventures Fund VII.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
7/2/2024 | Industry Ventures Fund VII | $900M | 2 | ||
10/15/2023 | Industry Ventures Secondary X | 1 | |||
9/27/2023 | Industry Ventures Tech Buyout II | $260M | 1 | ||
10/3/2022 | Industry Ventures Direct III | ||||
11/2/2021 | Industry Ventures Partnership Holdings VI |
Closing Date | 7/2/2024 | 10/15/2023 | 9/27/2023 | 10/3/2022 | 11/2/2021 |
|---|---|---|---|---|---|
Fund | Industry Ventures Fund VII | Industry Ventures Secondary X | Industry Ventures Tech Buyout II | Industry Ventures Direct III | Industry Ventures Partnership Holdings VI |
Fund Type | |||||
Status | |||||
Amount | $900M | $260M | |||
Sources | 2 | 1 | 1 |
Industry Ventures Partners & Customers
2 Partners and customers
Industry Ventures has 2 strategic partners and customers. Industry Ventures recently partnered with Cooley on July 7, 2024.
Industry Ventures Service Providers
1 Service Provider
Industry Ventures has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Corporate Minority | Investment Bank | Financial Advisor |
Service Provider | |
|---|---|
Associated Rounds | Corporate Minority |
Provider Type | Investment Bank |
Service Type | Financial Advisor |
Partnership data by VentureSource
Industry Ventures Team
14 Team Members
Industry Ventures has 14 team members, including current Founder, Chief Executive Officer, Hans Swildens.
Name | Work History | Title | Status |
|---|---|---|---|
Hans Swildens | Personify, Microline, American Express, and Nestle | Founder, Chief Executive Officer | Current |
Name | Hans Swildens | ||||
|---|---|---|---|---|---|
Work History | Personify, Microline, American Express, and Nestle | ||||
Title | Founder, Chief Executive Officer | ||||
Status | Current |
Compare Industry Ventures to Competitors
Menlo Ventures operates as a venture capital firm providing funding and support to businesses across various sectors. The company offers investment management services, backing startups and established companies, and contributes to market strategy development and community building for entrepreneurs. Its portfolio includes consumer, enterprise, and healthcare sectors, with a history of investments in public companies and involvement in mergers and acquisitions. It was founded in 1976 a nd is based in Menlo Park, California.
Battery Ventures operates as a technology-focused investment firm across many sectors, including application software, infrastructure software, consumer internet, and industrial technologies. The firm provides capital and support services, including business development and talent recruitment, to its portfolio companies. Battery Ventures invests in businesses at various stages, from seed to growth and private equity, with a global investment strategy. It was founded in 1983 and is based in Boston, Massachusetts.
Lightspeed Venture Partners invests in the enterprise, consumer, health, and financial technology sectors. The firm provides funding and support to entrepreneurs at various stages of their development. Lightspeed Venture Partners serves the startup ecosystem by offering financial resources and industry knowledge to companies within its targeted sectors. It was founded in 2000 and is based in Menlo Park, California.
Upfront Ventures invests in Seed and Series A stage technology companies. The firm offers the Upfront Summit, which hosts more than 1,000 top investors, entrepreneurs, and thought-leaders for an invitation-only event in Los Angeles, California. Upfront Ventures invests in companies nationally, and sometimes internationally, with an emphasis on investments into the Southern California ecosystem. It was formerly known as GRP Partners and Global Retail Partners. The venture capital firm was founded in 1996 and is based in Santa Monica, California.
Bessemer Venture Partners operates in the technology sectors and supports entrepreneurs in building companies. The company provides funding and guidance to startups at various growth stages, particularly in the enterprise, consumer, and healthcare areas. Its investment portfolio includes sectors such as artificial intelligence (AI) and machine learning (ML), biotechnology, cloud computing, consumer products, cybersecurity, fintech, and vertical software. It was founded in 1911 and is based in San Francisco, California.
Khosla Ventures operates as a venture capital firm focused on early-stage investments across various sectors. The company provides funding and venture assistance to entrepreneurs in areas such as artificial intelligence, climate and sustainability, enterprise technologies, consumer technologies, financial services, digital health, medtech, and frontier technologies. It was founded in 2004 and is based in Menlo Park, California.
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