San Francisco, Calif. — Industry Ventures, a company that focuses on venture capital and technology growth equity, closed their Fund VI Monday — a $400 million secondary fund that focuses on providing liquidity alternatives for growth equity and venture capital investments.
Founded in 2000, the firm has invested in a number of companies, including Facebook, Pandora, Twitter, WhitePages.com, Chegg and others.
With the new fund, Industry Ventures plans to address liquidity needs for investors, employees and founders across the lifecycle of a venture capital, or helping them cash out before an exit event.
“The broader VC ecosystem has undergone a significant shift as structural changes impacted the ability for sub-$100 million revenue VC-backed companies to access the public markets, while simultaneously there are hundreds of VC funds that are at the end of their 10-year term or extension period,” said Hans Swildens, managing director and founder of Industry Ventures, according to TechCrunch.
Related Links:
http://tinyurl.com/6dzz8zo (TechCrunch)
