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Goldman Sachs to Acquire $665M Industry Ventures in 2024

10/13/2025

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Summary

Story summary

Goldman Sachs has agreed to acquire Industry Ventures, a San Francisco-based venture capital firm managing $7 billion in assets and with over 1,000 investments and stakes in more than 700 venture firms.
Deal is valued at $665 million in cash and equity, with $300 million contingent on performance through 2030.
Upon completion, 45 Industry Ventures employees will join Goldman Sachs.
Completion is expected in the first quarter of next year.

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Story summary

Goldman Sachs has agreed to acquire Industry Ventures, a San Francisco-based venture capital firm managing $7 billion in assets and with over 1,000 investments and stakes in more than 700 venture firms.
Deal is valued at $665 million in cash and equity, with $300 million contingent on performance through 2030.
Upon completion, 45 Industry Ventures employees will join Goldman Sachs.
Completion is expected in the first quarter of next year.