Industry Ventures
Venture capitalActively deployingSan Francisco · Pre-Seed–Late Stage · 1 people tracked
Also known as Industry Ventures Direct · Industry Ventures Partnership Holdings · Industry Ventures Primary · Industry Ventures Primary NH · Industry Ventures Secondary · Industry Ventures Special · Industry Ventures Tech Buyout · XIGINVENT, L.L.C.
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 Aug 25, 2026.
Team · 1 people
from public directories
What they invest in
from 25 of 26 portfolio companiesSaaS ×12AI & Machine Learning ×10Enterprise Software ×7Fintech ×5Healthtech ×5Cybersecurity ×3Data & Infrastructure ×3Developer Tools ×3
HQs:United States×13Canada×1Italy×1Mexico×1
Investments · 26 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 82024 · 12019 · 12015 · 112 dated
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)inBhavani Vangala(CTO)inShiva N(Founder)
Co-investorsGreatPoint VenturesBenhamou Global VenturesEngineering CapitalBGV
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 CapitalCoinbase VenturesFenbushi CapitalIDEO CoLab VenturesIOSG VenturesFoundry+1 more
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-investorsOpenOceanEnernManta Ray Ventures
Seattle, US
Xiao Wang(Executive Officer, Director)
BoardAmy McCullough(Director)inGreg Gottesman(Director)inBrad Feld(Director)
Co-investorsFounders' Co-opPioneer Square LabsTrilogy Equity PartnersTwo Sigma Ventures
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 CapitalClocktower VenturesCommerce VenturesGreat Oaks Venture CapitalGreycroftMischief+4 more
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 VenturesFTV CapitalNGP CapitalSummit Partners
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+4 more
Clutch provides origination solutions for credit unions, enabling member-centric digital experiences across deposits, loans, and business accounts.
Enterprise SoftwareFintechSaaS
Nicky Hinrichsen(Founder & CEO)Chris Coleman(Co-founder)Christopher Coleman(Founder)in
Co-investorsAlkeon InnovationAndreessen HorowitzCurql Collective, LLCFloating PointITERATIVENext Level Ventures+7 more
Clutch is an online used-car retailer that buys, inspects, reconditions, and sells certified used cars directly to consumers, offering instant cash offers for sellers and financing for buyers.
E-commerceMarketplacesMobility & Transportation
Stephen Seibel(Founder)inDan Parkin
Co-investorsCanaan PartnersPanache VenturesUpper90Alkeon CapitalAltos VenturesAndreessen Horowitz+9 more
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-investorsCrane Venture PartnersForgePoint CapitalLaunchBay CapitalRedpoint VenturesVertex VenturesWing+4 more
Datos Health provides an open care platform with an AI-driven, no-code Design Studio that lets healthcare systems build automated workflows for patients and clinicians and deploy remote patient monitoring CareApps.
AI & Machine LearningDigital HealthHealthtech
Co-investorsAngular VenturesCrescendo Venture Partners
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 GroupNovaCapitalB CapitalBlack Opal VenturesFlare Capital PartnersMeridian Street Capital+1 more
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
Co-investorsAurum Venture PartnersB Capital GroupB4 CapitalFlare Capital PartnersMeridian Street CapitalVU Venture Partners+2 more
Manifold is a prediction market platform where users trade on the outcomes of events across topics such as politics, technology, sports, culture, and business.
ConsumerFintechSocial
Co-investorsLeonis CapitalBoxOne VenturesCalibrate VenturesReach CapitalTq Ventures Llc
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 VenturesCherry VenturesCostanoa VenturesModern TechnicalRain Capital+2 more
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 SoftwareFintechMexico City, MX
Alan Karpovsky(Founder)inAlejandro Zecler(Founder)in
Co-investorsBetter Tomorrow VenturesHi VenturesInfinity VenturesOak HC/FTY CombinatorBase10 Partners+2 more
Olli Health develops clinical AI technology for home health agencies.
AI & Machine LearningDigital HealthHealthtechNew York City, US
Eric Steege(Co-founder & CEO)Joe Freudenthal(Co-founder & COO)Jeremy Gordon(Co-founder & CTO)
Co-investorsEquitage Ventures, L.L.C.Tau VenturesTechstarsArkitekt VenturesCannage CapitalTAU Ventures
Patented.ai provides an AI-driven platform for intellectual property commercialization, analyzing source code and patent portfolios to find patentable innovations, map patent claims, identify potential licensees, and value IP for due diligence and litigation.
AI & Machine LearningLegalTechSaaS
Co-investorsNextView Ventures
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 CompanyMachina VenturesAlleyCorpBain Capital VenturesFJ LabsGolden Ventures+2 more
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)Jay (John B.) Ashton Jr.(Co-founder and original Chief Executive Officer)Bryson Koehler(Chief Executive Officer)Raj Singh(Chief Strategy Officer after Go Moment acquisition)James Hornthal(Director)
BoardPeter Fenton(Director; Benchmark General Partner)in
Co-investorsSozo VenturesTenaya CapitalBenchmark
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-investorsCyberstartsBrewer Lane VenturesCanvas VenturesHouseThrive CapitalVestigo Ventures
Savvy is an SEC-registered investment adviser and wealth management firm that matches high-net-worth individuals with financial advisors and provides proprietary technology, including a dashboard for tracking investments and net worth.
FintechSaaS
Ritik Malhotra(Founder)in
Co-investorsBrewer Lane VenturesCanvas VenturesIndex VenturesPosition VenturesVestigo VenturesHouse+1 more
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)Mark Rabe(Executive Officer, Director)Kurt Weinsheimer(Executive Officer)Noreen Henry(Executive Officer)Ellen Keszler(Director)Paul Huie(Executive Officer)
Co-investorsData TechNorwest Venture PartnersTC PartnersTCVThayer Ventures
Spiffy is an AI platform for eCommerce brands that provides an "Adaptive Storefront" — a sales agent that answers shopper questions across on-site pages, email, SMS, and landing pages to convert traffic and increase order value.
AI & Machine LearningE-commerceMarketing Tech
Scot Wingo(Founder)
Co-investorsEdison PartnersMoai CapitalSamsung NextBull City Venture PartnersFlucas VenturesGaingels+5 more
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-investorsElevate Innovation PartnersFlucas VenturesTFX CapitalWolfpack Investor NetworkBull City Venture PartnersEdison Partners+6 more
Spine Wave develops and commercializes expandable and minimally invasive surgical products for spine surgeons and their patients.
HealthtechMedical DevicesShelton, US
Mark D. LoGuidice(Executive Officer, Director)Terrence J. Brennan(Executive Officer)
BoardAndrew D. Firlik(Director)Marie-Helene Plais(Director)Jeff Samberg(Director)Ryan Drant(Director)
Co-investorsCalifornia Technology VenturesNew Enterprise Associates (NEA)
Portfolio news
latest coverage across their companies
Savvy · gamesindustry.biz · Aug 20, 2026
Savvy · gamesindustry.biz · Aug 20, 2026
Cardless · ffnews.com · Jul 10, 2026
Booksy · eu-startups.com · Jul 2, 2026
Cyberhaven · cyberhaven.com · Apr 24, 2026
Manifold · finsmes.com · Mar 18, 2026
Manifold · finsmes.com · Mar 18, 2026
Fund performance · per public LP disclosures · 28
as of Nov 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Industry Ventures Partnership Holdings VIILPs: San Bernardino County Employees Retirement Association, Employees' Retirement System of Rhode Island, New Mexico Educational Retirement Board +1 more | 2024 | — | — | 1.20x | 0.00x |
| Industry Ventures Secondary X, L.P.LPs: San Bernardino County Employees Retirement Association, New Mexico Educational Retirement Board, South Carolina Retirement System Investment Commission | 2024 | — | 71.5% | — | 1.63x |
| Industry Ventures Direct III, L.P.LPs: San Bernardino County Employees Retirement Association, New Mexico Educational Retirement Board | 2022 | — | 5.6% | — | 1.07x |
| Industry Ventures IV Arrowhead, L.P.LPs: San Bernardino County Employees Retirement Association | 2022 | — | 7.5% | — | 1.14x |
| Industry Ventures Tech Buyout II, L.P.LPs: San Bernardino County Employees Retirement Association | 2022 | — | 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 Board | 2021 | — | 7.7% | 1.17x | 0.08x |
| Industry Ventures PH VILPs: South Carolina Retirement System Investment Commission | 2021 | — | 15.8% | — | — |
| Industry Ventures Secondary IX, L.P.LPs: New Mexico Educational Retirement Board, San Bernardino County Employees Retirement Association | 2020 | — | 9.1% | 1.28x | 0.13x |
| Industry Ventures Direct II, LPLPs: San Bernardino County Employees Retirement Association | 2019 | — | 8.0% | — | 1.36x |
| Industry Ventures Partnership Holdings IV - SecondaryLPs: Employees' Retirement System of Rhode Island | 2019 | — | 14.4% | 2.16x | 0.60x |
| Industry Ventures Partnership Holdings VLPs: Employees' Retirement System of Rhode Island, San Bernardino County Employees Retirement Association, South Carolina Retirement System Investment Commission | 2019 | — | 12.4% | 1.67x | 0.03x |
| Industry Ventures Tech Buyout LPLPs: San Bernardino County Employees Retirement Association | 2018 | — | 12.4% | — | 1.57x |
| Industry Ventures VLPs: South Carolina Retirement System Investment Commission | 2018 | — | 15.2% | — | — |
| Industry Ventures VIILPs: South Carolina Retirement System Investment Commission | 2018 | — | 34.0% | — | — |
| Industry Ventures Direct, L.P.LPs: San Bernardino County Employees Retirement Association | 2016 | — | 11.3% | — | 1.79x |
| Industry Ventures Partnership IVLPs: Dallas Police & Fire Pension System | 2016 | — | 13.7% | 2.10x | 0.59x |
| Industry Ventures Secondary VIII, L.P.LPs: New Mexico Educational Retirement Board, San Bernardino County Employees Retirement Association | 2016 | — | 22.1% | 1.96x | 1.36x |
| Industry Ventures SOF II-A, L.P.LPs: New Mexico Educational Retirement Board | 2016 | — | 35.5% | 2.96x | 2.47x |
| Industry Ventures Special Opportunities II-A, L.P.LPs: San Bernardino County Employees Retirement Association | 2016 | — | 34.9% | — | 2.93x |
| Industry Ventures Partnership Holdings III-CLPs: Employees' Retirement System of Rhode Island | 2015 | — | 15.6% | 2.19x | 0.90x |
| Industry Ventures Partnership Holdings IVLPs: New Mexico Educational Retirement Board, San Bernardino County Employees Retirement Association, Employees' Retirement System of Rhode Island | 2015 | — | 14.2% | 2.14x | 0.59x |
| Industry Ventures Partnership Holdings IIILPs: New Mexico Educational Retirement Board, Employees' Retirement System of Rhode Island, San Bernardino County Employees Retirement Association | 2014 | — | 19.9% | 3.02x | 1.84x |
| Industry Ventures Partnership Holdings III-A, L.P.LPs: San Bernardino County Employees Retirement Association | 2014 | — | -1.1% | — | 0.95x |
| Industry Ventures Partnership Holdings III-B, L.P.LPs: New Mexico Educational Retirement Board | 2014 | — | 10.2% | 1.74x | 0.83x |
| Industry Ventures Secondary VII, L.P.LPs: New Mexico Educational Retirement Board, San Bernardino County Employees Retirement Association | 2013 | — | 16.0% | 1.97x | 1.78x |
| Industry Ventures Partnership Holdings II, L.P.LPs: San Bernardino County Employees Retirement Association | 2012 | — | 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 Commission | 2011 | — | 8.0% | 1.37x | 1.36x |
| Industry Ventures Fund V, L.P.LPs: San Bernardino County Employees Retirement Association | 2008 | — | 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).
Frequently asked questions
- 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
Co-investors · 26
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Thrive Capital invests in internet, software, and technology-enabled companies. The firm focuses on early-stage and growth-stage ventures.
The House Fund is a pre-seed and early-stage venture capital fund backing startups founded by UC Berkeley alumni, faculty, students, and affiliates.
Engineering Capital is a seed-stage venture firm that backs entrepreneurs driven by deep technical insights, often investing before founders have formally started their company.
Infinity Ventures is a fintech-focused venture capital fund backing founders tackling fintech and commerce enablement challenges in global markets.
Notable Capital is a venture capital firm that has partnered with founders for over two decades, backing companies from the earliest stages through to exit.
Union Square Ventures is a venture capital firm based in New York City that invests at the edge of large markets undergoing transformation from technological and societal pressures.
Streamlined Ventures is an early-stage venture firm that partners with founders and invests at the seed stage to help build large-scale companies.
HCVC is a venture capital firm that backs founders working to industrialize scientific and technological progress across deep tech, robotics, and hard science domains.
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.
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.
▶14 more co-investors
Trinity VenturesVenrockHighland Capital PartnersBrand Foundry VenturesStorm VenturesMontage VenturesRefactor CapitalCorrelation VenturesSoftBank CapitalBlumberg CapitalCantos VenturesFuture Planet CapitalKdT VenturesLifeforce Capital
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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