Fund of Funds
Industry Ventures
Industry Ventures invests in other funds rather than directly in companies, from San Francisco, California, USA. It states a focus on software & internet.
Stated investment criteria
What Industry Ventures says it buys
Read from Industry Ventures’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.
A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Industry Ventures states that it takes majority or outright ownership. Nothing here is a commitment by Industry Ventures to consider any particular business, and nothing on this page is represented as being for sale.
SEC filings
What Industry Ventures has raised
From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.
| Vehicles filed | 29 |
| Total capital raised | $6.6bn |
| Largest single vehicle | $1.4bn |
| Filing history | 2013 to 2025 |
| Smallest accepted commitment | $75k |
| Filed from | CALIFORNIA |
Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.
Regulatory record
How Industry Ventures is registered
From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.
| Adviser status | SEC registered |
| Regulatory assets under management | $9.1bn |
| Employees | 31 |
| Private funds advised | 39 · $9.1bn gross |
| SEC adviser number | CRD 156213 |
Valuation context
Transaction values in Software & Internet
What companies have actually sold for in software & internet, across 2,672 recorded transactions.
The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.
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Comparable investors
Similar mandates
Other fund of funds investors active in software & internet.