Industry Ventures Secures $900 Million for Early-Stage Hybrid Fund

The firm aims to support emerging venture capital managers and invest directly in growth-stage tech companies.

Industry Ventures' new fund is 50% larger than its predecessor, raised in 2021.
The $900 million fund will allocate 40% to VC funds, 40% to direct investments, and 20% to secondary interests.
The firm has a total of over $8 billion in committed capital under management.
The fund will back managers with fund sizes of $250 million or less, focusing on seed and Series A startups.
Recent direct investments include companies like Relay and Collaborative Robotics.