Press Release

Industry Ventures Raises Oversubscribed $900 Million Hybrid Early-Stage Fund

July 2, 2024

Washington, DC – July 2, 2024 – Cooley advised Industry Ventures, a top investment firm focusing on venture capital, on its $900 million seventh hybrid fund investing in emerging seed and early-stage funds through primary and early secondary limited partnership interests and direct investments. This fund brings Industry Ventures’ total committed capital under management to more than $8 billion, with $2.3 billion dedicated to early-stage hybrid funds.

Lawyers Aaron Velli, Rachel Goddard, Molly Buchanan and Mandy Kondo led the Cooley team advising Industry Ventures.

Cooley previously advised Industry Ventures on raising more than $1.7 billion across two funds in September 2023 and its oversubscribed $850 million secondary fund in April 2021.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,300+ lawyers across 19 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.