Industry Ventures raises $180m direct venture fund

Industry Ventures has raised $180m for Industry Ventures Direct II to invest in early- and mid-stage tech companies.

San Francisco-based Industry Ventures, best known for its secondaries investors, announced it has closed Industry Ventures Direct II at $180 million. The fund will co-invest in early- and mid-stage tech companies alongside some of its 80 seed and early-stage fund managers that the firm has backed.

Source: Press release