# Industry Ventures: portfolio, investments and team > Industry Ventures is a vc firm based in United States. 139 investments on record, 11 in the last 12 months, latest Sept 2026. Source: https://millionrounds.com/fund/industry-ventures (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Industry Ventures Last cheque observed Sep 2026; 139 cheques on record. Email Deploying now New fund $1.3B, Oct 2026 VC firm Pre-seed Seed Series A Venture Capital Software Follow Industry Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Findustry-ventures) Deploying now **42%** of best year **11** **cheques in 12 months**, 139 on record Since the last cheque **52** days **00** hrs **00** min **00** sec Median round **$19M** Cheque size, as they say **$100K – $20M** Rounds led **4 of 139** Sole investor **11 rounds** Exits **3 from the portfolio** Mostly in **United States, 74%** Pitch Industry Ventures ## Industry Ventures highlights - 01 11 cheques in the last 12 months - 02 Mostly Series B and Series A: 50% of its rounds - 03 Sole investor in 11 rounds, median $10M - 04 3 exits from the portfolio ## What they do > Industry Ventures has pioneered flexible capital solutions across the venture life cycle: from seed and early-stage investing to late-stage secondaries and VC-backed companies transitioning to buyout. From their own website - **Type:** VC firm - **Cheque size:** $100K – $20M as they say - **Stages:** Pre-seed Seed Series A Series B Growth Pre-IPO - **Sectors:** Venture Capital Software - **Based in:** San Francisco, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **139 appearances** - **2026** 6 rounds - **Sept** **[Savvy Wealth](https://millionrounds.com/company/savvy-wealth)** Series C · US · Ventureburn **$100M** With 9 others - **Jun** **[Amperesand](https://millionrounds.com/company/amperesand)** Venture · SG **$30M** With 3 others - **Apr** **[Coreshell Technologies](https://millionrounds.com/company/coreshell-technologies)** Venture · US **Undisclosed** With 4 others - **Feb** **[Skyryse](https://millionrounds.com/company/skyryse)** Series C · US · TechCrunch **$300M** With 14 others - **Feb** **[Hubbl Technologies](https://millionrounds.com/company/hubbl-technologies)** Series A · CA **$6.0M** With 1 other - **Jan** **[VulcanForms](https://millionrounds.com/company/vulcanforms)** Series D · US · Ventureburn **$220M** With 6 others - **2025** 25 rounds - **Dec** **[AtScale](https://millionrounds.com/company/atscale)** Venture · US **$62M** With 3 others - **Dec** **[Manifold](https://millionrounds.com/company/manifold)** Series B · US **$18M** With 3 others - **Nov** **[d-Matrix](https://millionrounds.com/company/d-matrix)** Series C · US · TechStartups **$275M** With 9 others - **Nov** **[Feroot Security](https://millionrounds.com/company/feroot-security)** Series A · CA **$14M** With 3 others - **Nov** **[Amperesand](https://millionrounds.com/company/amperesand)** Series A · SG **$80M** With 3 others - **Oct** **[Skyryse](https://millionrounds.com/company/skyryse)** Series C · US **$167M** With 4 others - **Sept** **[Recall.ai](https://millionrounds.com/company/recall-ai)** Series B · US **$38M** With 5 others - **Sept** **[Cardless](https://millionrounds.com/company/cardless)** Series C · US **$60M** With 6 others - **Sept** **[Character Biosciences](https://millionrounds.com/company/character-biosciences)** Series B · US **$17M** With 4 others - **Sept** **[LightSpun](https://millionrounds.com/company/lightspun)** Series A · US **$13M** Sole investor - **Aug** **[Drivepoint](https://millionrounds.com/company/drivepoint)** Series A · US **$9.0M** With 1 other - **Aug** **[Isaac Health](https://millionrounds.com/company/isaac-health)** Series A · US **$10M** With 3 others - **Jul** **[april](https://millionrounds.com/company/april)** Series B · US · AlleyWatch **$38M** With 5 others - **Jul** **[Saavy Wealth](https://millionrounds.com/company/saavy-wealth)** Series B · US · AlleyWatch **$72M** *Led* - **Jul** **[CRMBonus](https://millionrounds.com/company/crmbonus)** Venture · BR **Undisclosed** With 2 others - **Jul** **[CareRev](https://millionrounds.com/company/carerev)** Venture · US **$5.3M** With 3 others - **Jun** **[Unchained Robotics](https://millionrounds.com/company/unchained-robotics)** Series A · DE **$9.9M** Sole investor - **Apr** **[Windfall](https://millionrounds.com/company/windfall)** Series B · US **$65M** With 5 others - **Mar** **[Mendel](https://millionrounds.com/company/mendel)** Series B · MX · LatamList **$35M** With 10 others - **Mar** **[Spire Global](https://millionrounds.com/company/spire-global)** US **$40M** With 3 others - **Mar** **[Coreshell Technologies](https://millionrounds.com/company/coreshell-technologies)** Series A · US **$24M** With 4 others - **Mar** **[Particle](https://millionrounds.com/company/particle)** Venture · US **Undisclosed** With 4 others - **Feb** **[xAI](https://millionrounds.com/company/xai)** US · Crunchbase News **$10B** *Led* - **Feb** **[Clutch](https://millionrounds.com/company/clutch)** Series D · US **$35M** With 4 others - **Feb** **[META Pharmaceuticals](https://millionrounds.com/company/meta-pharmaceuticals)** Venture **Undisclosed** With 1 other - **2024** 17 rounds - **Nov** **[New York Shipping Exchange](https://millionrounds.com/company/new-york-shipping-exchange)** Venture · US **Undisclosed** With 2 others - **Oct** **[Booksy](https://millionrounds.com/company/booksy)** Venture · PL **$40M** With 3 others - **Oct** **[Vizit](https://millionrounds.com/company/vizit)** Series B · US **$25M** With 2 others - **Oct** **[Boundless Immigration](https://millionrounds.com/company/boundless-immigration)** Venture · US **Undisclosed** With 3 others - **Sept** **[ML One](https://millionrounds.com/company/ml-one)** Venture · RU **$538K** With 1 other - **Aug** **[Capitalize](https://millionrounds.com/company/capitalize)** Series B · US **$19M** With 6 others - **Aug** **[CruxOCM](https://millionrounds.com/company/cruxocm)** Series A · CA **$17M** With 3 others - **Aug** **[Mechanical Orchard](https://millionrounds.com/company/mechanical-orchard)** Series B · US **$53M** With 3 others - **Jul** **[AM Batteries](https://millionrounds.com/company/am-batteries)** Grant · US **$2.2M** With 4 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **23 named** AC **Aaron Christopher Hinz** Chief Financial Officer i Form ADV AD **Amir David Aghaee Malayery** Managing Director i Form ADV AG **Andrew Galloway** Manager of the Issuer's Manager i Filing they signed AJ **Andrew Johnson** Manager of the Issuer's Manager i Filing they signed AD **Ashish Dodia** Manager of the Issuer's Managing Member i Filing they signed GR **Geoffrey Robert Lemieux** Managing Director i Form ADV GC **Grant Cellier** Member of Issuer's Board of Managers i Filing they signed IJ **Iii Joseph Hanson** Chief Compliance Officer & Chief Administrative Officer i Form ADV IH **Ira Hsu Simkhovitch** Managing Director i Form ADV JF **Jody Flaws** Manager of the Issuer's Manager i Filing they signed JD **Johan Douwe Swildens** Managing Member of the sole general partner i Filing they signed JL **John Lewis** Manager of the Issuer's Manager i Filing they signed JR **Jonathan R. Roosevelt** Member of the General Partner i Filing they signed JG **Justin Gardner Burden** Managing Director i Form ADV KC **Kenneth C. Wallace** MANAGING MEMBER OF THE GENERAL PARTNER i Filing they signed KC **Kenneth C. Wallace III** Managing Member of the sole general partner i Filing they signed LE **Lindsay Elizabeth Sharma** Managing Director i Form ADV RR **R. Roland Reynolds** Managing Member of the sole general partner i Filing they signed RR **Richard Roland Reynolds** Managing Director i Form ADV RR **Richard Ruffer** Manager of the Issuer's Managing Member i Filing they signed RM **Robert Meschi** Member of Issuer's Board of Managers i Filing they signed RR **Roland R. Reynolds** Member of the General Partner i Filing they signed SH **Scott Huff** Manager i Filing they signed We also hold **37** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$9.1B** assets it manages Oct 2026 **11+** funds on file numbered funds in its name **Registered** investment adviser full reporting to the SEC - **Legal name:** Xiginvent, L.L.C. - **SEC number:** CRD 156213 Funds on its Form ADV **30** private funds, **$7.5B** in gross assets · filed Mar 2024 Venture **20** Secondary investment fund **10** - Industry Ventures Secondary X, L.P. *Secondary investment fund* 806 investors $1.5B - Industry Ventures Secondary IX, L.P. *Secondary investment fund* 324 investors $1.1B - Industry Ventures Partnership Holdings V, L.P. *Venture* 190 investors $675M - Industry Ventures Partnership Holdings VI, L.P. *Venture* 362 investors $623M - Industry Ventures Secondary VIII, L.P. *Secondary investment fund* 90 investors $530M - Industry Ventures Partnership Holdings IV, L.P. *Venture* 75 investors $414M - Industry Ventures Direct, L.P. *Venture* 19 investors $390M - Industry Ventures Direct III, L.P. *Venture* 195 investors $293M - Industry Ventures Partnership Holdings III, L.P. *Venture* 61 investors $273M - Industry Ventures Tech Buyout II, L.P. *Venture* 227 investors $241M And 20 more on the filing. ## What they claim to have backed From their own portfolio page (on their website) **0** of 4 we have independently watched raise Cfainstitute Diversity VC Standard ILPA PRI Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## Exits from the portfolio Companies it backed that were later bought or listed **3 in all** **[CollabNet](https://millionrounds.com/company/collabnet)** Bought by Woven Systems **Undisclosed** Feb 2014 **[nCircle Network Security](https://millionrounds.com/company/ncircle-network-security)** Bought by Tripwire **Undisclosed** Mar 2013 **[LifeLock](https://millionrounds.com/company/lifelock)** Listed **Undisclosed** Oct 2012 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$1.3B** raised in Oct 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Series A Median round joined **$19M** the round, not its cheque Alone, median **$10M** Led 4 of 139 rounds **3%** - **Said size:** $100K – $20M - **Sole investor:** 11 rounds - **Last cheque:** Sept 2026 - **Exits:** 3 from the portfolio Rounds by stage said on their site - Series B said *32* - Series A said *26* - Series C *23* - Venture *18* - Series D *10* - Seed said *8* - Pre-seed said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Y Combinator](https://millionrounds.com/fund/y-combinator) 12 - [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 6 - [Felicis](https://millionrounds.com/fund/felicis-ventures) 5 - [First Round Capital](https://millionrounds.com/fund/first-round-capital) 5 - [Google Ventures](https://millionrounds.com/fund/gv) 5 - [Greycroft](https://millionrounds.com/fund/greycroft) 5 **Pitching Industry Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Industry Ventures. A count of rooms they were both in, not a relationship either has claimed. [**Y Combinator** Accelerator **12** rounds together](https://millionrounds.com/fund/y-combinator)[**Alumni Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Felicis** VC firm **5** rounds together](https://millionrounds.com/fund/felicis-ventures)[**First Round Capital** VC firm **5** rounds together](https://millionrounds.com/fund/first-round-capital)[**Google Ventures** Corporate VC **5** rounds together](https://millionrounds.com/fund/gv)[**Greycroft** VC firm **5** rounds together](https://millionrounds.com/fund/greycroft)[**Norwest Venture Partners** VC firm **5** rounds together](https://millionrounds.com/fund/norwest)[**Sapphire Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/sapphire-ventures)[**Spark Capital** VC firm **5** rounds together](https://millionrounds.com/fund/spark-capital)[**500 Global** Angel **4** rounds together](https://millionrounds.com/fund/500-startups)[**Bessemer Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/bessemer-venture-partners)[**Bossa Invest** VC firm **4** rounds together](https://millionrounds.com/fund/bossa-invest) ## Recently backed The latest companies Industry Ventures put money into. [**Savvy Wealth** $100M · Sept 2026](https://millionrounds.com/company/savvy-wealth)[**Amperesand** $30M · Jun 2026](https://millionrounds.com/company/amperesand)[**Coreshell Technologies** Apr 2026](https://millionrounds.com/company/coreshell-technologies)[**Skyryse** $300M · Feb 2026](https://millionrounds.com/company/skyryse)[**Hubbl Technologies** $6.0M · Feb 2026](https://millionrounds.com/company/hubbl-technologies)[**VulcanForms** $220M · Jan 2026](https://millionrounds.com/company/vulcanforms) ## On podcasts 6 episodes naming Industry Ventures in the title, and 4 more that mention it. - [The Peel](https://millionrounds.com/podcasts/the-peel) 3 Jul 2026 · 1h 45m Inside Goldman’s $22B Bet on Venture Capital | Hans Swildens, Industry Ventures With [Hans Swildens](https://millionrounds.com/person/hans-swildens) Mentions [Industry Ventures](https://millionrounds.com/fund/industry-ventures)[Zach Coelius](https://millionrounds.com/fund/zach-coelius)[Will Quist](https://millionrounds.com/person/will-quist) Apple PodcastsShow page - [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 22 Oct 2025 · 41 min E229: Inside Industry Ventures: The $8 Billion Firm Backing 650 Venture Funds Mentions [Industry Ventures](https://millionrounds.com/fund/industry-ventures)[Jonathan Roosevelt](https://millionrounds.com/person/jonathan-roosevelt) Apple PodcastsShow page - [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 20 Oct 2025 · 1h 2m 1007. News: Goldman Sachs acquires Industry Ventures and UK fintech funding bounces back to 2022 highs Mentions [Industry Ventures](https://millionrounds.com/fund/industry-ventures)[HSBC](https://millionrounds.com/fund/hsbc) Apple Podcasts - [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 16 Oct 2025 · 1h 20m 20VC: $3.5BN - The Price Zuck Paid for Thinking Machines Co-Founder | Goldman Sachs Acquires Industry Ventures for $665M | Softbank Borrows $5BN Against ARM Holding to Invest More Into OpenAI Mentions [Industry Ventures](https://millionrounds.com/fund/industry-ventures)[SoftBank](https://millionrounds.com/fund/softbank-2) Apple PodcastsShow page - [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 15 Apr 2025 · 26 min Hans Swildens of Industry Ventures on the ways VCs are "manufacturing" liquidity in 2025 With [Hans Swildens](https://millionrounds.com/person/hans-swildens) Mentions [Industry Ventures](https://millionrounds.com/fund/industry-ventures) Apple Podcasts - [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 14 Dec 2023 · 45 min E28: Roland Reynold, Industry Ventures on Investing $7 Billion into Startups & Venture Funds Mentions [Industry Ventures](https://millionrounds.com/fund/industry-ventures)[Roland Reynolds](https://millionrounds.com/person/roland-reynolds) Apple PodcastsShow page ### Mentioned in - [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 30 Jul 2026 · 24 min Goldman Sachs' Kyle Kniffen - the arc of alternatives at Goldman Sachs: AGM Live at SuperReturn Apple PodcastsShow page - [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 22 Oct 2025 · 24 min How Hans Swildens pulled off a blockbuster Goldman Sachs sale, and what it means for venture liquidity Apple Podcasts - [Equity](https://millionrounds.com/podcasts/equity) 17 Oct 2025 · 30 min From SB 243 to ChatGPT: Why it's ‘not cool' to be cautious about AI Apple Podcasts - [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 30 Sept 2023 · 25 min Investor Hans Swildens on the Small Tech Buyout Opportunity Apple Podcasts ## Quick answers about Industry Ventures ### What does Industry Ventures invest in? Industry Ventures invests most often at Series B and Series A (50% of the rounds on record), in sectors such as Venture Capital and Software. ### How active is Industry Ventures? 139 investments on record, 11 of them in the last 12 months, and it led 4. The most recent was in Sept 2026. ### What has Industry Ventures invested in recently? Its most recent investments on record: Savvy Wealth (Series C, Sept 2026), Amperesand (Venture, Jun 2026) and Coreshell Technologies (Venture, Apr 2026). ### How big are Industry Ventures's cheques? The median round it joins is $19M. It says it writes cheques of $100K to $20M. ### Does Industry Ventures lead rounds? Sometimes: it led 4 of its 139 investments on record (3%). ### Where does Industry Ventures invest? Most of the companies it backs are in the United States (74%), Canada (8%) and Singapore (5%). ### Is Industry Ventures investing now? Yes: it is actively investing, with 11 investments in the last 12 months. ### Who does Industry Ventures invest alongside? Most often Y Combinator (12 rounds together), Alumni Ventures (6 rounds together) and Felicis (5 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=industry-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=industry-ventures)