Industry Ventures LLC Today Announced the Closing of $180M Direct Venture Fund

Business Wire | August 11, 2020

Industry Ventures LLC Today Announced the Closing of $180M Direct Venture Fund
Industry Ventures, LLC (“Industry Ventures”), a leading investment firm focused on the venture capital market, announced today the final closing of Industry Ventures Direct II, L.P. (“the Fund”) with total commitments of $180 million. The Fund will continue the same strategy of making direct investments into early- and mid-stage technology companies alongside 80 seed and early-stage fund managers backed by the firm. Industry Ventures has previously invested into more than 100 technology companies directly and through dedicated co-investment funds (SPVs). Seven of these companies have completed IPOs, specifically: Datadog, Fastly, Guardant Health, Instructure, Lifelock, Uber and Yeahka. Another seven of these companies have achieved private valuations of $1 billion or more: Automattic, Carta, Coupang, Planet, Quizlet, Stripe and Woowa Brother.

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With the rapid rate of change technology is bringing to Accounts Payable business processes, the only way to prepare for the future is not to resist it, but to work with it. Even better, owning technological transformation puts you in the driver’s seat. You get to use it to your advantage. But where


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