/Investor DB

Industry Ventures

Venture capitalActively deploying

San Francisco · Pre-Seed–Late Stage · 14 people tracked

Also known as Industry Ventures Primary NH · XIGINVENT, L.L.C.

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Investment thesis

Industry Ventures offers complementary investment strategies spanning the full venture life cycle, partnering with fund managers and entrepreneurs from inception through end of fund life. Its strategies include supporting small and emerging VC managers investing in seed and early-stage companies, co-investing alongside trusted GP relationships in mid-stage rounds of high-growth companies, acquiring late-stage venture assets by providing liquidity to shareholders and fund investors through secondaries, and helping profitable venture-backed software companies exit via tech buyouts. Originally a pioneer in secondary investments, the firm now provides investment exposure from pre-seed to pre-IPO companies.

Source: firm website, verified Sep 29, 2026.

Stage
Pre-Seed–Late Stage
Check
$250K – $50M
HQ
San Francisco, California, US
Leads rounds
Leads
Instruments
Equity
Founded
2000
Last 12 months
3 investments
AUM
$9.1B
Tracked investments
74
Unicorns
4
IPOs
3
Acquisitions
7

Team · 14 people

from public directories
Kenneth C. Wallace· General Partner
R. Roland Reynolds· General Partner
Hans Swildens· Founder & CEO, Senior Managing Director
Brian Langner· Managing Director
Fanni Fan· Managing Director
Justin Burden· Senior Managing Director
Jody Flaws· Director
Johan D Swildens· Promoter
Richard Ruffer· Director
Scott Huff· Director

Founder mafia

2 people who came through Industry Ventures went on to found or lead other companies.

What they invest in

from 61 of 74 portfolio companies

AI & Machine Learning ×26SaaS ×25Enterprise Software ×22Data & Infrastructure ×13Healthtech ×13Digital Health ×10Developer Tools ×8Marketing Tech ×8

HQs:United States×45Mexico×4Canada×2Brazil×1Italy×1

Investments · 74 tracked

founders shown can be your intro path

By year:2026 · 22025 · 92024 · 82023 · 32022 · 72021 · 62020 · 32019 · 52018 · 22017 · 32016 · 12015 · 154 dated

Hinge Healthhingehealth.comin𝕏NYSE: HNGE

Hinge Health builds a digital healthcare platform designed to help individuals manage musculoskeletal health and related conditions.

Digital HealthHealthtechMedical DevicesWellness & FitnessSan Francisco, US

Gabriel Mecklenburg(Executive Officer, Director)inDaniel Perez(Executive Officer, Director)in

Co-investors11.2 CapitalAlkeon InnovationAtomicoBessemer Venture PartnersCannage CapitalCoatue Management+11 more

Upworkupwork.comNASDAQ: UPWK

Upwork operates two interconnected digital platforms that match businesses with independent contractors and agency workers: the Upwork Marketplace, a freelance work platform where clients post projects and pay service fees on transactions, and Lifted, an enterprise-focused platform for managing contingent labor across multiple engagement models including contractors, staff augmentation, and outsourcing.

Hayden Brown(Chief Executive Officer)inGiulietta Pezzaniti(Chief People Officer)

Co-investors3Spoke Capital408 VenturesDag VenturesFirstMark CapitalGarage CapitalGlobespan Capital Partners+8 more

Collaborative Roboticsco.botinApr 2024 · $100M✓ verified

Collaborative Robotics (Cobot) develops robots and AI systems, including humanoid-style robots designed to work alongside people, for use in industries such as healthcare and logistics.

AI & Machine LearningHardwareRoboticsSeattle, US

Brad Porter(Founder & CEO)inJane Mooney(Co-founder & VP, Strategy and Finance)inSteph Tryphonas(Co-founder)in

Co-investorsBison VenturesGeneral CatalystSequoia CapitalKhosla VenturesLux CapitalCalibrate Ventures+6 more

Onymosonymos.comin𝕏✓ verified

Onymos offers DocKnow, a document and data processing platform for clinical laboratories that captures, validates, and enriches intake documents such as test requisition forms and medical records.

AI & Machine LearningCloud ComputingDeveloper ToolsHealthtechSaaSRedwood Shores, US

SHIVAGURU NATHAN(Executive Officer, Director)Shiva Nathan(Founder & CEO)inShiva N(Founder)Bhavani Vangala(CTO)in

Co-investorsGreatPoint VenturesBenhamou Global VenturesEngineering CapitalBGV

32Health32health.careNov 2024

LightSpun provides an AI-powered healthcare administration platform that automates claims processing, credentialing, benefit administration, and contact center operations for payors, providers, and dental service organizations.

AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechChestnut Hill, US

Shaju Puthussery(Executive Officer, Director)Deepak Ramaswamy(Executive Officer, Director)

BoardRohan Malhotra(Director)

Co-investorsCambrian Ventures

alert logicwelshcarson.comJan 2012Acquired

Houston-based provider of Security-as-a-Service and managed detection and response, now part of LevelBlue.

Co-investorsAccess Venture PartnersCovera VenturesDH CapitalOCA VenturesUpdata Partners

Anonybitanonybit.ioJan 2022 · $3.5M

Replacing passwords with biometric authentication

Frances Zelazny(Founder)in

Co-investorsAperture Venture CapitalFINTOP CapitalReflexive CapitalSwitch VenturesTarget GlobalTFX Capital+3 more

Apartment Listapartmentlist.comin𝕏Jan 2018 · $50M

Apartment List operates an online rental marketplace that uses a quiz-based AI matching system to connect renters with apartments that fit their preferences and lifestyle.

AI & Machine LearningMarketplacesPropTechSan Francisco, US

John Douglas Kobs II(Executive Officer, Director)Charles Christopher Herndon(Executive Officer, Director)John Kobs(Founder)inChris Erickson(Co-founder)in

BoardJosh Hannah(Director)Dana Stalder(Director)in

Co-investorsAndre IguodalaAUTHENTIC VENTURESCanaan PartnersGlynn Capital ManagementMatrixRealization Capital Partners+6 more

Arize AIarize.comin𝕏Feb 2025

Arize provides observability and evaluation tools for AI systems and large language models, enabling development teams to monitor, debug, and improve AI agents in production.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareMill Valley, US

APARNA DHINKARAN(Director)Jason Lopatecki(Co-founder and CEO)inAparna Dhinakaran(Co-founder and CPO)in

BoardDHARMESH THAKKER(Director)inBrett Wilson(Director)inMORGAN GERLAK(Director)

Co-investorsBattery VenturesCollective LiquidityEvolution Equity PartnersFoundation CapitalM12 (Microsoft's Venture Fund)Nimble Partners+8 more

Astranisastranis.comin𝕏Feb 2020

Astranis manufactures small, high-powered geosynchronous satellites equipped with advanced digital processing technology for global telecommunications and connectivity services.

Advanced ManufacturingDeep TechHardwareSpace TechSan Francisco, US

John Gedmark(Founder/CEO)inRyan McLinko(Founder/CTO)inMike Mancini(Executive Officer)

BoardMartin Casado(Director)inEthan Batraski(Director)inDan Berkenstock(Director)

Co-investorsAndreessen HorowitzATEL VenturesBlack FlagBoxGroupCantos VenturesCherubic Ventures+83 more

Atmosfyatmosfy.ioinOct 2023 · $12M

Atmosfy provides real-time video coverage and data infrastructure for understanding physical-world activity, enabling businesses to access live local context for consumer engagement, model training, and real-world intelligence applications.

AdTechData & InfrastructureSan Francisco, US

Michael Ebel(Founder)in

Co-investorsNextbluePalm Tree Crew InvestmentsRedpoint VenturesStreamlined VenturesCanaan PartnersKygo+2 more

Avomaavoma.comin𝕏Dec 2021

Avoma is a meeting intelligence platform that automatically captures, transcribes, and analyzes meetings, delivering summaries and key takeaways to Microsoft Teams channels to keep teams aligned.

AI & Machine LearningEnterprise SoftwareSaaSSales TechPalo Alto, US

Albert Lai(Founder)in

Co-investorsHubSpot VenturesInvariantes FundK9 VenturesStorm VenturesTSVCTwin Ventures+2 more

Axcientin

Mountain View, US

Justin Moore(Executive Officer, Director)inJohn Finegan(Executive Officer)

BoardRory O'Driscoll(Director)inPeter Bodine(Director)Don Butler(Director)inGregory Robinson(Director)

Co-investorsALLEGIS CAPITALAllegisCyber CapitalPeninsula VenturesScale Venture PartnersThomvest Ventures

Bafflebaffle.ioin𝕏Jan 2018 · $6M

Baffle provides data protection through on-the-fly encryption for applications being migrated to cloud infrastructure, enabling organizations to keep their data encrypted with user-controlled keys without modifying application code.

Cloud ComputingCybersecurityData & InfrastructureEnterprise SoftwareSanta Clara, US

Co-investors1809 CapitalAlumni VenturesCelesta CapitalEngineering CapitalTrue VenturesClearvision Ventures+4 more

Bainbridgebainbridgegrowth.comMar 2021

Bainbridge is a Boston-based SaaS platform providing data, analytics and financial modeling for direct-to-consumer e-commerce brands.

Co-investorsBling CapitalExpansion Venture CapitalLas Olas Venture CapitalVinyl Capital

Blocknativeblocknative.com𝕏Dec 2022 · $15MAcquired

Blocknative builds blockchain data infrastructure, including Gas Network and tools for transaction efficiency, mempool visibility, transaction orchestration, block building, and MEV auctions, serving protocol teams, wallet builders, and institutions.

Crypto & Web3Data & InfrastructureDeveloper ToolsTiburon, US

Matt Cutler(Founder & CEO)

Co-investorsBlockchain CapitalBlockchain CoinvestorsCoinbase VenturesFenbushi CapitalHack VCIDEO CoLab Ventures+3 more

Blocknativeblocknative.ioDec 2022 · $15MAcquired

Allows users to access best-in-class observability on chain.

Co-investorsHack VCRho VenturesBlockchain CapitalFenbushi CapitalFoundryIOSG Ventures+1 more

Booksybooksy.net

Booksy is a mobile marketplace that enables users to discover, book, and manage appointments with beauty and wellness service providers in their area.

MarketplacesSaaS

Stefan Batory(Founder)in

Co-investorsManta Ray VenturesOpenOceanEnernKulczyk InvestmentsPiton Capital LLPSprints Capital+1 more

Bulk MRO Industrial Supplybulkmro.cominSeed · Sep 2019

Bulk MRO operates a B2B supply chain and finance platform serving enterprise, government, and SME customers with industrial products, metals, agro-commodities, chemicals, and logistics services.

B2B MarketplacesEnterprise SoftwareFintechLogistics & Supply ChainSaaSNew York City, US

Devang Shah(Founder)inGaurang Shah(Founder/Director)inCharles Lorenceau(Director)

Co-investorsAAF Management Ltd.Afore CapitalFJ LabsRebright PartnersSwitch VenturesY Combinator+10 more

Caliicalii.cominSeries B

Cali is an e-commerce platform serving customers in a Spanish-speaking market, offering delivery services with promotional incentives.

ConsumerE-commerceFoodTechLogistics & Supply ChainMarketplacesMonterrey, MX

Maurizio Caló Caligaris(Founder)inDavid Arrambide(Founder)in

Co-investorsCM VenturesDalus CapitalMONASHEESSoma CapitalStreamlined VenturesY Combinator+7 more

Cardlesscardless.comSep 2025 · $60M

Cardless provides a modular credit card platform that allows companies to embed credit products directly into their applications and websites.

Enterprise SoftwareFintechSaaS

Michael Spelfogel(Founder)in

Co-investorsActivant CapitalAssurant VenturesClocktower VenturesCommerce VenturesDrive by DraftKingsGreat Oaks Venture Capital+12 more

CareRevcarerev.comin𝕏Apr 2021Acquired

CareRev operates a platform connecting healthcare facilities with nursing professionals to address medical staffing challenges.

B2B MarketplacesHealthtechHR TechMarketplacesRemote, US

William Patterson(Founder/CEO)inSofia Pessanha(Founder/COO)in

Co-investorsFundersClubStonewater VenturesTRANSFORMATION CAPITALY CombinatorAvlok CapitalCrystal Towers Capital+7 more

ClearBrainclearbrain.com𝕏SeedAcquired

ClearBrain develops an AI analytics platform that helps growth teams identify optimal timing for user engagement and personalization at scale.

Enterprise SoftwareMarketing TechSan Francisco, US

Bilal Mahmood(Founder/CEO)inEric Pollmann(Founder / CTO)in

Co-investorsMenlo VenturesPear VCY CombinatorDHVCFour CitiesHarrison Metal

Cloudmarkcloudmark.com𝕏Mar 2010 · $23M

Cloudmark offers messaging security and compliance solutions that protect against spam, phishing, SMiShing, viruses, and malware across mobile messaging, email, rich communications, and social media.

CybersecurityEnterprise SoftwareSaaS

Co-investorsAccelerator VenturesCentana Growth PartnersCentana PartnersFTV CapitalNGP CapitalPresidio Ventures+1 more

Clutchclutch.ioin𝕏Feb 2025Acquired

Clutch is a visual builder platform that enables creation of AI-powered, personalized websites using drag-and-drop agents, component libraries, and integration with existing tools and data.

AI & Machine LearningDeveloper ToolsE-commerceEnterprise SoftwareSaaSSan Francisco, US

Eric Florenzano(Founder)in

Co-investorsMango CapitalY CombinatorAlkeon CapitalAltos VenturesAndreessen HorowitzBMO Capital Partners+5 more

Clutchwithclutch.cominFeb 2025

Clutch provides origination solutions for credit unions, enabling member-centric digital experiences across deposits, loans, and business accounts.

Enterprise SoftwareFintechSaaS

Nicky Hinrichsen(Founder & CEO)Christopher Coleman(Founder)in

Co-investorsAlkeon InnovationAndreessen HorowitzCurql Collective, LLCFloating PointITERATIVENext Level Ventures+9 more

Clutchclutch.cain𝕏Feb 2025

Clutch is an online platform for buying and selling used cars in Canada, offering pricing, inspection, e-contracting, financing, and delivery through software built in-house.

E-commerceMarketplacesMobility & Transportation

Stephen Seibel(Founder & President)inDan Park(Chief Executive Officer)inAnshul Ruparell(Chief Financial Officer)inRichard Ball(Chief Production Officer)

Co-investorsCanaan PartnersAltos VenturesFJ LabsLightspeed Venture PartnersPanache VenturesTrue North Fund+10 more

CRM&Bonuscrmbonus.com.brinJun 2024 · $10M

CRMBonus is a Brazilian retail platform offering cashback, loyalty, CRM, data, and AI tools that help physical and online retailers acquire, convert, retain, and reactivate customers, largely via WhatsApp.

AI & Machine LearningMarketing TechRetail Tech

Alexandre Zolko(Founder)inGustavo Gadotti Duwein

Co-investorsBond Capital ManagementCrew CapitalRiverwood CapitalSoftbank Latin America FundValor Capital GroupIgah Ventures+2 more

Curebasecurebase.aiin𝕏May 2022 · $40M

Curebase provides a software platform for clinical trial management, serving contract research coordinators and trial sites.

AI & Machine LearningBiotechDigital HealthHealthtechSaaSFort Lauderdale, US

Storm Stillman(Chief Executive Officer)inTom Lemberg(Founder)in

Co-investorsAcrew CapitalBold Capital PartnersBreyer CapitalC3 VenturesFuture Planet CapitalNotable Capital+12 more

Cyberhavencyberhaven.comin𝕏Apr 2026 · $100M

Cyberhaven provides data detection and response (DDR) software that helps security teams investigate incidents involving data exfiltration and insider threats by reconstructing the complete timeline and context of user actions and data movements.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise Software

Volodymyr Kuznetsov(Founder)in

Co-investorsCollective LiquidityCrane Venture PartnersCyber Mentor FundForgePoint CapitalLaunchBay CapitalRedpoint Ventures+8 more

Datos Healthdatos-health.comin𝕏Apr 2020

Datos Health develops a flexible digital health platform designed to enable remote patient care delivery with adaptable workflows, moving beyond rigid point solutions that add administrative burden to clinicians.

AI & Machine LearningDigital HealthHealthtechSaaS

Co-investorsAngular VenturesCrescendo Venture PartnersVertex Ventures Israel

Digital Shadowsdigitalshadows.cominSep 2017 · $26M

San Francisco, US

Alastair Ewan Paterson(Executive Officer, Director)James Chappell(Executive Officer, Director)

BoardEileen Michael Burbidge(Director)inRyan Floyd(Director)inStuart McClure(Director)

Co-investorsOctopus VenturesPaladin Capital GroupPassion CapitalStorm VenturesTen ElevenTrinity Ventures+1 more

Feroot Securityferoot.comin𝕏Series A

Feroot discovers and monitors third-party scripts, tags, and trackers on websites to detect malicious or unwanted code and block threats.

CybersecurityEnterprise SoftwareSaaSToronto, CA

Ivan Tsarynny(Founder)inVitaliy Lim(Founder)in

Co-investorsNEXT AIStoneMill VenturesTrue VenturesY CombinatorAndros15 VenturesHaystack+2 more

Honeycombhoneycomb.ioin𝕏Apr 2023

Honeycomb provides observability and monitoring software that helps engineering teams understand how their software behaves in production.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Charity Majors(Co-founder & CTO)inChristine Yen(CEO & Co-founder)in

Co-investorsAfore CapitalDCVC (Data Collective)Merian VenturesMotive ForceOMERS VenturesScale Venture Partners+5 more

Isaacisaacantisismica.cominAug 2025 · $10.5M

ISAAC provides an active, non-invasive structural protection system based on a patented Active Mass Damper installed on building roofs to improve seismic safety and vibration control with real-time monitoring.

Construction TechIoTPropTech

Co-investorsAxon Partners GroupNovaCapitalAirAngelsB CapitalBlack Opal VenturesFlare Capital Partners+3 more

Isaac Healthmyisaachealth.cominAug 2025 · $10.5M

Isaac Health provides virtual, interdisciplinary care for people experiencing memory and thinking changes, staffed by board-certified neurologists, geriatric specialists, neuropsychologists, speech-language pathologists, and care navigators.

Digital HealthHealthtechLongevity

Julius Bruch(Founder & CEO)inJoel Salinas(Founder)in

Co-investorsAurum Venture PartnersB Capital GroupB4 CapitalFlare Capital PartnersMeridian Street CapitalVU Venture Partners+4 more

Manifoldmanifold.markets

Manifold is a social prediction market platform where users trade play-money shares on the likelihood of future events across politics, technology, sports, and other domains.

ConsumerFintechMarketplacesSector AgnosticSocial

Co-investorsBoxOne VenturesLeonis CapitalSoma CapitalCalibrate VenturesReach CapitalTq Ventures Llc

Manifoldmanifoldindustries.aiin

Manifold builds autonomous warehouse robots that perform case picking, palletizing, and trailer loading/unloading, combined with orchestration software that connects to existing ERP, WMS, and WES systems.

Advanced ManufacturingAI & Machine LearningHardwareLogistics & Supply ChainRoboticsLos Angeles, US

Joshua Ibrahim(Founder)inNicolas Yeh(Founder)in

Co-investorsY CombinatorCalibrate VenturesReach CapitalTq Ventures Llc

MDLive, Inc.mdlive.cominSep 2020 · $50M

MDLIVE is a telehealth service offering 24/7 virtual medical appointments by phone or video with a national network of board-certified doctors, dermatologists, psychiatrists, and therapists.

Digital HealthHealthtechMental Health

Co-investorsGreat Oaks Venture CapitalHealth Velocity CapitalHeritage GroupPerot JainSixth StreetKayne Anderson Capital Advisors+1 more

Mechanical Orchardmechanicalorchard.comin𝕏Feb 2024 · $24M

Mechanical Orchard modernizes legacy enterprise systems, including mainframes, by using an AI-driven, component-by-component approach that rebuilds and tests each part in a secure cloud environment before deployment.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSan Francisco, US

Rob Mee(Founder & CEO)inEdward Hieatt(COO)in

Co-investorsFin CapitalGV (Google Ventures)Bloomberg BetaEmergence Capital PartnersSpider CapitalSummit Peak Investments+3 more

Mendelmendel.comin𝕏Mar 2025 · $35M

Mendel is an AI-powered platform for corporate expense management serving large enterprises in Latin America, offering features including intelligent corporate cards, automated invoice recovery, instant reimbursements, and travel management with real-time visibility and control.

AI & Machine LearningEnterprise SoftwareFintechSaaSTravel & HospitalityMexico City, MX

Alan Karpovsky(Founder)inAlejandro Zecler(Founder)in

Co-investorsAlumni VenturesBetter Tomorrow VenturesEmles Venture PartnersHi VenturesInfinity VenturesMagma Partners+9 more

Merumeru.com.mxSep 2021 · $38M

Mexican B2B marketplace connecting Latin American SMEs to Asian manufacturers for cross-border sourcing and logistics.

Co-investorsMarathon VenturesValor Capital GroupBold Capital PartnersBrand CapitalFreestyle CapitalHTwenty+3 more

Meru Healthmeruhealth.comin𝕏Sep 2021 · $38M

Meru Health delivers digital mental health treatment combining therapy with nutrition, sleep, and breathing interventions.

Digital HealthHealthtechMental HealthWellness & FitnessSan Francisco, US

Kristian Ranta(CEO)inRiku Lindholm(Co-founder and COO)inAlbert Nazander(Founder/CTO)in

BoardTimo Ahopelto(Director)inJoshua Felser(Director)

Co-investorsBlue Haven InitiativeBold Capital PartnersFoundersX VenturesFoundryIT-Farm CorporationLeksell Social Ventures+11 more

Meru.commeru.comin𝕏Sep 2021 · $38M

Meru operates an online marketplace connecting mechanics in Latin America with automotive aftermarket suppliers and parts dealers.

Enterprise SoftwareFintechMarketplacesMexico City, MX

Manuel Rodriguez Dao(Founder)inVirgile Fiszman(Founder)inFederico Moscato(Founder)inEduardo Mata(Founder)in

Co-investorsEmles Venture PartnersFJ LabsY Combinator0BSBold Capital PartnersBrand Capital+9 more

Olli Healthollihomehealth.aiinNov 2025 · $10M

Olli Health develops clinical AI technology for home health agencies.

AI & Machine LearningDigital HealthHealthtechNew York City, US

Eric Steege(Co-founder & CEO)inJoe Freudenthal(Co-founder & COO)inJeremy Gordon(Co-founder & CTO)in

Co-investorsEquitage Ventures, L.L.C.Tau VenturesTechstarsArkitekt VenturesCannage CapitalTAU Ventures

Panorama Educationpanoramaed.comin𝕏Series B

Panorama Education provides a data platform for K-12 school districts to integrate and visualize student academic, behavioral, attendance, and engagement data.

AI & Machine LearningData & InfrastructureEdTechSaaSLos Angeles, US

Aaron Feuer(Founder/CEO)inAlexander Tanner(Executive Officer, Director)David Carel(Cofounder)inXan Tanner(Cofounder)

BoardAndrew Parker(Director)Jed Smith(Director)in

Co-investorsAlumni VenturesGV (Google Ventures)Imagine K12Initialized CapitalOwl VenturesUncork Capital+10 more

Patentedpatented.aiin𝕏Oct 2024 · $25M

Patented.ai builds software products for managing and analyzing intellectual property issues, targeting organizations seeking legal and technical expertise in IP matters.

AI & Machine LearningEnterprise SoftwareLegalTechSaaS

Wayne Chang(Founder)

Co-investorsBaselineNextView VenturesVitalStage Ventures

Planet Labsplanet.comin𝕏Feb 2026 · $52M

Planet operates a web-geo platform that provides daily satellite imagery and foundational analytics of Earth's landmass for businesses, governments, and research institutions.

AgTechData & InfrastructureDeep TechSpace TechSan Francisco, US

Will Marshall(Co-founder and CEO)inRobbie Schingler(Co-Founder and Chief Strategy Officer)inChristopher R. Boshuizen(Executive Officer, Director)inRobert H. Schlingler Jr.(Executive Officer, Director)

BoardZachary Bogue(Director)inSteve Jurvetson(Director)in

Co-investors137 VenturesAME Cloud VenturesDBL PartnersDCVC (Data Collective)Fall Line CapitalFelicis Ventures+25 more

Polaris Wirelesspolariswireless.com

Polaris Wireless develops software-based 3D wireless location technology that determines the real-time position of mobile devices.

Deep TechHardwareIoT

Co-investorsPalisades Growth CapitalDraper Fisher Jurvetson (DFJ)

Practice Fusionpracticefusion.comin𝕏Sep 2013 · $70M

Practice Fusion provides a cloud-based electronic health record (EHR) platform with integrated medical billing services and e-prescribing for independent medical practices.

Digital HealthHealthtechSaaSSan Francisco, US

Ryan Howard(Executive Officer, Director)in

BoardMark Goines(Director)Beth Seidenberg(Director)inMichael Harden(Director)Cora Tellez(Director)

Co-investorsBand of AngelsCanvas VenturesLongitude CapitalArtis VenturesDeerfield Management CompanyFelicis Ventures+6 more

Properlygetproperly.comin𝕏Aug 2022 · $36M

Properly provides vacation rental management tools and services for hosts, including self-service platforms and full property management operations across 45+ countries.

PropTechSaaS

Co-investorsAsset Management CompanyFJ LabsMachina VenturesThink+ Ventures Management, LlcAlleyCorpBain Capital Ventures+4 more

Recallrecall.network𝕏May 2024 · $10M

Recall operates a platform where users can test, fund, and invest in AI models and agents through a token-based ranking and curation system.

AI & Machine LearningB2B MarketplacesCrypto & Web3

Paul Richards(Founder)inIgor Gligorevic(Founder)in

Co-investorsBessemer Venture PartnersBetaworksCoinFundCollab+CurrencyConsenSys MeshDigital Currency Group+13 more

Recall.airecall.aiin𝕏May 2024 · $10M

Recall.ai provides meeting recording and transcription APIs and SDKs that capture individual speaker audio for accurate, multi-speaker transcripts.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

David Gu(Founder)inAmanda Zhu(Founder)in

Co-investorsBessemer Venture PartnersCathexis VenturesFundamental VenturesHubSpot VenturesJude GomilaPioneer+18 more

Revinaterevinate.comin𝕏Feb 2015

Revinate operates a direct booking and customer data platform for hotels, using guest data to power marketing campaigns, reservation sales, and guest profiles that reduce reliance on online travel agencies.

Marketing TechSaaSTravel & HospitalityPalo Alto, US

Marc Heyneker(Co-founder; former CEO; Chairman)inJay (John B.) Ashton Jr.(Co-founder and original Chief Executive Officer)Bryson Koehler(Chief Executive Officer)inRaj Singh(Chief Strategy Officer after Go Moment acquisition)inJames Hornthal(Director)

BoardPeter Fenton(Director; Benchmark General Partner)in

Co-investorsSozo VenturesTenaya CapitalBenchmark

Savvysavvy.securityin𝕏Acquired

SailPoint provides an identity security platform that governs and secures access for human, machine, and AI agent identities across enterprise environments.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareSaaS

Co-investorsCanaan PartnersCyberstartsBrewer Lane VenturesCanvas VenturesHouseIndie.vc+2 more

Savvysavvywealth.comin𝕏

Savvy provides investment management and financial advisory services, pairing clients with independent fiduciary advisors supported by an in-house investment team and technology platform.

FintechSaaS

Ritik Malhotra(Founder)in

Co-investorsBoxGroupBrewer Lane VenturesCanvas VenturesIndex VenturesPosition VenturesVestigo Ventures+3 more

Sempre Healthsemprehealth.comSep 2023 · $20M

Sempre Health provides digital health solutions focused on patient engagement and outcomes management for the healthcare industry.

Digital HealthHealthtechSan Francisco, US

Anurati Mathur(Executive Officer, Director)inSwaraj Banerjee(Executive Officer, Director)inRobert S. Spalding(Executive Officer, Director)Ashley Carroll(Director)

BoardJenny Abramson(Director)inTyler Rowe(Director)

Co-investorsBlue Venture FundsCencora VenturesCerity Partners VenturesEcho Health VenturesLifeforce CapitalRethink Impact+3 more

Shadowsmichaeldempsey.me𝕏Sep 2017 · $26M

This is not applicable—the page is a personal portfolio, not a company site.

New York, US

Co-investorsCompoundOctopus VenturesTrinity VenturesWorld Innovation Lab

Sojern, Inc.sojern.comin𝕏Mar 2012 · $7.5M

Sojern provides a marketing platform for the travel industry, using data, algorithms, and machine learning to improve online advertising efficiency and deliver marketing products to travel marketers.

AdTechMarketing TechTravel & HospitalityOmaha, US

Aman Kothari(Executive Officer)inMark Rabe(Executive Officer, Director)inKurt Weinsheimer(Executive Officer)inNoreen Henry(Executive Officer)inCarl Livadas(Chief Technology Officer)inEllen Keszler(Director)

Co-investorsData TechNorwest Venture PartnersTriangle Peak PartnersTC PartnersTCVThayer Ventures

Spiffygetspiffy.comin𝕏

Spiffy operates a mobile automotive service platform, providing dealers and OEMs with software, van upfits, connected diagnostic devices, and training to launch and scale mobile car service operations.

HardwareMobility & TransportationRetail TechSaaSSan Marcos, US

Karl Murphy(CEO & Co-founder)in

Co-investorsEdison PartnersElevate Innovation PartnersFlucas VenturesGoodyear VenturesGray VenturesService Provider Capital+8 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Boundless ImmigrationGet SpiffyHarvest PowerOblong IndustriesOmnyway

Exits · 10

3 IPOs · 7 acquisitions · showing 2

Hinge HealthNYSE: HNGEUpworkNASDAQ: UPWK

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 28

as of Nov 2025
FundVintageCommittedNet IRRTVPIDPI
Industry Ventures Partnership Holdings VIILPs: San Bernardino County Employees Retirement Association, Employees' Retirement System of Rhode Island, New Mexico Educational Retirement Board +1 more2024——1.20x0.00x
Industry Ventures Secondary X, L.P.LPs: San Bernardino County Employees Retirement Association, New Mexico Educational Retirement Board, South Carolina Retirement System Investment Commission2024—71.5%—1.63x
Industry Ventures Direct III, L.P.LPs: San Bernardino County Employees Retirement Association, New Mexico Educational Retirement Board2022—5.6%—1.07x
Industry Ventures IV Arrowhead, L.P.LPs: San Bernardino County Employees Retirement Association2022—7.5%—1.14x
Industry Ventures Tech Buyout II, L.P.LPs: San Bernardino County Employees Retirement Association2022—9.8%—1.19x
Industry Ventures Partnership Holdings VILPs: San Bernardino County Employees Retirement Association, Employees' Retirement System of Rhode Island, New Mexico Educational Retirement Board2021—7.7%1.17x0.08x
Industry Ventures PH VILPs: South Carolina Retirement System Investment Commission2021—15.8%——
Industry Ventures Secondary IX, L.P.LPs: New Mexico Educational Retirement Board, San Bernardino County Employees Retirement Association2020—9.1%1.28x0.13x
Industry Ventures Direct II, LPLPs: San Bernardino County Employees Retirement Association2019—8.0%—1.36x
Industry Ventures Partnership Holdings IV - SecondaryLPs: Employees' Retirement System of Rhode Island2019—14.4%2.16x0.60x
Industry Ventures Partnership Holdings VLPs: Employees' Retirement System of Rhode Island, San Bernardino County Employees Retirement Association, South Carolina Retirement System Investment Commission2019—12.4%1.67x0.03x
Industry Ventures Tech Buyout LPLPs: San Bernardino County Employees Retirement Association2018—12.4%—1.57x
Industry Ventures VLPs: South Carolina Retirement System Investment Commission2018—15.2%——
Industry Ventures VIILPs: South Carolina Retirement System Investment Commission2018—34.0%——
Industry Ventures Direct, L.P.LPs: San Bernardino County Employees Retirement Association2016—11.3%—1.79x
Industry Ventures Partnership IVLPs: Dallas Police & Fire Pension System2016—13.7%2.10x0.59x
Industry Ventures Secondary VIII, L.P.LPs: New Mexico Educational Retirement Board, San Bernardino County Employees Retirement Association2016—22.1%1.96x1.36x
Industry Ventures SOF II-A, L.P.LPs: New Mexico Educational Retirement Board2016—35.5%2.96x2.47x
Industry Ventures Special Opportunities II-A, L.P.LPs: San Bernardino County Employees Retirement Association2016—34.9%—2.93x
Industry Ventures Partnership Holdings III-CLPs: Employees' Retirement System of Rhode Island2015—15.6%2.19x0.90x
Industry Ventures Partnership Holdings IVLPs: New Mexico Educational Retirement Board, San Bernardino County Employees Retirement Association, Employees' Retirement System of Rhode Island2015—14.2%2.14x0.59x
Industry Ventures Partnership Holdings IIILPs: New Mexico Educational Retirement Board, Employees' Retirement System of Rhode Island, San Bernardino County Employees Retirement Association2014—19.9%3.02x1.84x
Industry Ventures Partnership Holdings III-A, L.P.LPs: San Bernardino County Employees Retirement Association2014—-1.1%—0.95x
Industry Ventures Partnership Holdings III-B, L.P.LPs: New Mexico Educational Retirement Board2014—10.2%1.74x0.83x
Industry Ventures Secondary VII, L.P.LPs: New Mexico Educational Retirement Board, San Bernardino County Employees Retirement Association2013—16.0%1.97x1.78x
Industry Ventures Partnership Holdings II, L.P.LPs: San Bernardino County Employees Retirement Association2012—21.0%—4.38x
Industry Ventures Fund VI, L.P.LPs: New Mexico Educational Retirement Board, San Bernardino County Employees Retirement Association, South Carolina Retirement System Investment Commission2011—8.0%1.37x1.36x
Industry Ventures Fund V, L.P.LPs: San Bernardino County Employees Retirement Association2008—29.3%—2.88x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

IPO stake values · per SEC filings · 2

Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.

CompanyOwnedIPO priceAt IPOStake value
Upwork2.9%$15.00Oct 2018$45.4M
Hinge Health—$32.00May 2025$9.8M

Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).

Frequently asked questions

How many investments has Industry Ventures made?
Industry Ventures has 74 tracked investments, 10 of which have exited, including 12 dated in the last 24 months.
What stage does Industry Ventures invest at?
Industry Ventures invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Industry Ventures's typical check size?
Industry Ventures typically writes checks of $250K – $50M.
What sectors does Industry Ventures focus on?
Industry Ventures focuses on Enterprise Software, Sector Agnostic.
Where is Industry Ventures located?
Industry Ventures is headquartered in San Francisco, US.
Does Industry Ventures lead rounds?
Yes, Industry Ventures leads investment rounds.

Media · Podcasts & interviews

featuring the team

#96 Lindsay Sharma & Kemper Ahl, Industry Ventures

The European VC · Lindsay Sharma

Images

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Co-investors · 26

Trinity Ventures

Trinity Ventures is an early-stage venture capital firm that invests in mission-driven entrepreneurs and their companies.

$500K – $6M
Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M
AME Cloud Ventures

AME Cloud Ventures is a venture fund led by Jerry Yang, co-founder of Yahoo!, that invests in technology-heavy companies building infrastructure and value chains around data.

$1M – $10M
Canvas Ventures

Canvas Prime (formerly Canvas Ventures) is an early-stage venture firm that leads Series A and B investments, focusing on AI applied to digital health and fintech.

$5M – $20M
Storm Ventures

Storm Ventures is an early-stage venture capital firm focused on B2B enterprise software companies, helping founders scale from inception toward industry leadership.

Notable Capital

This page announces that GGV Capital split into two separate firms in March 2024: Granite Asia (Singapore, covering APAC) and Notable Capital (US, based in Silicon Valley with offices in San Francisco and New York, investing in the US, Israel, Europe, and Latin America).

Both backed · 2
$5M – $50M
Streamlined Ventures

Streamlined Ventures is an early-stage venture firm that partners with founders and invests at the seed stage to help build large-scale companies.

Both backed · 2
$100K – $1M
Refactor Capital

Refactor is a seed-stage venture firm run as a solo capitalist by Zal, backing founders building hard tech companies that address real-world problems.

$1M – $2M
Engineering Capital

Engineering Capital is a seed-stage venture firm that backs founders driven by technical insights, investing early and leading seed rounds in companies building new categories in information technology.

Both backed · 2
$100K – $10M
Infinity Ventures

Infinity Ventures is a venture firm that backs founders across fintech, commerce, and AI, supporting them with product strategy, go-to-market, and network access.

Both backed · 2
$250K – $10M
Union Square Ventures (USV)

Union Square Ventures is a New York-based venture capital firm that invests across a broad range of technology sectors, presenting a large portfolio spanning crypto, fintech, climate, AI, education, health, and marketplaces.

Both backed · 1
$1M – $8M
Emergence Capital Partners

Emergence Capital is a venture capital firm that partners with founders building B2B software companies, from early-stage cloud and SaaS pioneers to AI-native innovators.

Both backed · 1
$500K – $10M
▶14 more co-investors

VenrockThrive CapitalBrand Foundry VenturesHouseCantos VenturesFuture Planet CapitalLifeforce CapitalHCVCHighland Capital PartnersMontage VenturesCorrelation VenturesSoftBank CapitalBlumberg CapitalKdT Ventures

Firms observed investing alongside Industry Ventures, from public investor directories. Shared companies are the overlap with Industry Ventures's recorded portfolio.

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