The industrial sector is attracting serious investment from venture capital firms focused on physical industries. For founders building in this space, finding the right partner is more important than ever.
Firms like Alumni Ventures have backed over 2,100 companies, while Battery Ventures has seen more than 230 exits from its portfolio. Finding the right one for your startup can be a challenge, but many great options are out there.
Below is our list of the best 34 Industrial VC firms.
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Buy It For $97 $297 →Alumni Ventures opens up venture capital to accredited investors by building diversified portfolios, many of which are centered on university alumni networks. They co-invest with established VCs to fund a wide array of companies from seed to late-stage, with a portfolio of over 1,400 companies that includes SimpliSafe.
| Headquarters | Manchester, New Hampshire, United States |
| Year Founded | 2014 |
| Founders | Luke Antal, Michael Collins, Michael Madden |
| Total Funding | $1B |
| Average Check Size | $1M |
| Industries | AI & ML, AR & VR, Consumer, Cybersecurity, Fintech, Food & Beverage, Healthcare, Industrial, IoT, Life Sciences, Proptech & Real Estate, SaaS, Climate & Sustainability, Transportation, Media, Manufacturing |
| Investment Stage | Convertible Note, Early Stage, Initial Coin Offering, Late Stage, Seed |
| Nº of Investments | 2156 (545 as Lead Investor) |
| Nº of Exits | 206 (24 IPO'd) |
| Top Portfolio Startups | Fis, Blockfi, Simplisafe |
| Contact | info@av.vc / +1 603-518-8112 |
As one of Europe’s most active early-stage funds, Speedinvest uses dedicated, sector-focused teams to back pre-Seed and Seed tech startups. They provide portfolio companies like Bitpanda and GoStudent with hands-on support from in-house operational experts to accelerate growth and market expansion.
| Headquarters | Vienna, Wien, Austria |
| Year Founded | 2011 |
| Founders | Daniel Keiper-Knorr, Erik Bovee, Michael Schuster, Oliver Holle, Werner Zahnt |
| Total Funding | €628.4M |
| Average Check Size | €1.3M |
| Industries | Deep Tech & Hard Science, Fintech, Health & Wellness, Industrial, Marketplace, Consumer, SaaS, Climate & Sustainability, Crypto & Blockchain, Infrastructure |
| Investment Stage | Convertible Note, Early Stage, Late Stage, Seed, Pre-Seed |
| Nº of Investments | 540 (216 as Lead Investor) |
| Nº of Exits | 51 |
| Top Portfolio Startups | Planetly, Fincompare - Smarter Business Finance, Iyzico |
| Contact | office@speedinvest.com / +43 69911898616 |
With a team of former operators, Eclipse Ventures provides seed funding and deep operational guidance to founders modernizing massive physical industries like manufacturing, logistics, and healthcare. This hands-on partnership aims to build generational companies, such as baby monitor company Owlet, within the core sectors that drive the global economy.
| Headquarters | Palo Alto, California, United States |
| Year Founded | 2015 |
| Founders | Lior Susan |
| Industries | Proptech & Real Estate, Consumer, Healthcare, Industrial, Supply Chain & Logistics, Transportation, Aerospace & Space, Manufacturing, Infrastructure, Energy |
| Investment Stage | Early Stage, Late Stage, Post-Ipo, Seed |
| Nº of Investments | 193 (108 as Lead Investor) |
| Nº of Exits | 19 (3 IPO'd) |
| Contact | admin@eclipse.vc / 650-720-4667 |
Battery Ventures operates as a multi-stage investment firm, backing technology companies from their earliest seed rounds all the way to private equity. Their portfolio includes household names like Coinbase, Wayfair, and Glassdoor, reflecting a focus on backing potentially category-defining businesses across a wide range of technology markets.
| Headquarters | Boston, Massachusetts, United States |
| Year Founded | 1983 |
| Founders | Rick Frisbie |
| Total Funding | $17.7B |
| Average Check Size | $500M |
| Industries | Life Sciences, Industrial, Consumer, Cybersecurity, Cloud, Devops, AI & ML, Fintech, Healthcare, Infrastructure |
| Investment Stage | Early Stage, Late Stage, Private Equity, Seed, Debt |
| Nº of Investments | 889 (349 as Lead Investor) |
| Nº of Exits | 231 (36 IPO'd) |
| Top Portfolio Startups | Coinbase, Wayfair, Glassdoor |
| Contact | (415) 426-5900 |
Led by founders from companies like Spotify and Zalando, Cherry Ventures acts as the first institutional investor for Europe's most ambitious pre-seed and seed stage startups. The team provides hands-on support in go-to-market strategy and scaling, having helped build successful companies like Flix and Auto1.
| Headquarters | Berlin, Berlin, Germany |
| Year Founded | 2013 |
| Founders | Christian Meermann, Daniel Glasner, Filip Felician Dames |
| Total Funding | €695M |
| Average Check Size | €3M |
| Industries | Climate & Sustainability, Consumer, Fintech, Healthcare, Industrial, Mobility, SaaS |
| Investment Stage | Early Stage, Seed, Pre-Seed |
| Nº of Investments | 245 (93 as Lead Investor) |
| Nº of Exits | 20 (1 IPO'd) |
| Top Portfolio Startups | HeyJobs, Finimize, Quandoo |
| Contact | press@cherry.vc |
Correlation Ventures uses an analytics-based process to co-invest in funding rounds, offering entrepreneurs a quick and reliable decision. Their broad portfolio covers multiple industries and stages, and includes successful companies like the fintech platform Upstart.
| Headquarters | San Diego, California, United States |
| Year Founded | 2006 |
| Founders | David Coats, Trevor Kienzle |
| Total Funding | $360M |
| Average Check Size | $4M |
| Industries | Aerospace & Space, Biotech, Consumer, Healthcare, Hardware, Energy, Fintech, Industrial, Proptech & Real Estate, SaaS |
| Investment Stage | Early Stage, Late Stage, Seed, Series A, Growth |
| Nº of Investments | 410 (7 as Lead Investor) |
| Nº of Exits | 88 (12 IPO'd) |
| Top Portfolio Startups | Zebit, Virsto, Upstart |
| Contact | info@correlationvc.com / 650-353-3327 |
Atomico partners with European technology founders from the seed stage onward, helping them scale their disruptive companies on a global stage. Drawing on operational experience from tech giants like Skype and Google, the firm provides hands-on support for global expansion and has backed major successes including Supercell.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2006 |
| Founders | Niklas Zennström |
| Total Funding | £2.3B |
| Average Check Size | £1M |
| Industries | Enterprise, Consumer, Automation, Industrial, Food & Beverage, Internet & Mobile, Fintech, Health & Wellness, Transportation, Climate & Sustainability |
| Investment Stage | Debt, Early Stage, Late Stage, Seed, Private Equity |
| Nº of Investments | 263 (103 as Lead Investor) |
| Nº of Exits | 48 (6 IPO'd) |
| Top Portfolio Startups | Supercell, Lendinvest, Truecaller |
| Contact | contact@atomico.com / +44 207 499 1093 |
BACKED VC champions a human-centric approach to investing, providing seed funding to European founders across a wide range of industries. Their Founder Experience Platform and active community go beyond capital to help entrepreneurs with everything from talent to international expansion, backing companies like Thought Machine and Hutch.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2015 |
| Founders | Alex Brunicki, Andre de Haes |
| Total Funding | £169.7M |
| Average Check Size | £2.5M |
| Industries | Biotech, Entertainment, Industrial, Food & Beverage, Crypto & Blockchain, Enterprise, Future of Work, Deep Tech & Hard Science, Manufacturing, Fintech |
| Investment Stage | Early Stage, Seed, Series A |
| Nº of Investments | 108 (24 as Lead Investor) |
| Nº of Exits | 10 |
| Top Portfolio Startups | Hutch, Pollen, Thought Machine |
Angular Ventures provides early-stage capital to enterprise deep tech companies founded in Europe and Israel. The firm partners with founders who have strong domain expertise, often writing the first check to help them build globally-focused businesses.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2018 |
| Founders | Gil Dibner |
| Total Funding | $80M |
| Average Check Size | $3M |
| Industries | AI & ML, Cybersecurity, Automation, SaaS, Industrial, Aerospace & Space, Fintech, Developer Tools, Infrastructure |
| Investment Stage | Early Stage, Late Stage, Seed, Pre-Seed |
| Nº of Investments | 64 (27 as Lead Investor) |
| Nº of Exits | 6 |
| Top Portfolio Startups | Viably, Aquant, Fixefy |
| Contact | info@angularventures.com |
Trinity Ventures provides early-stage and seed funding for technology entrepreneurs, with a focus on social commerce, digital media, and SaaS. Their partnership-driven approach has been instrumental in the growth of well-known companies like Starbucks, Zulily, and New Relic.
| Headquarters | Menlo Park, California, United States |
| Year Founded | 1986 |
| Founders | Noel Fenton |
| Total Funding | $2.2B |
| Average Check Size | $6M |
| Industries | Consumer, Developer Tools, Industrial, Cloud, Deep Tech & Hard Science |
| Investment Stage | Early Stage, Late Stage, Seed, Series A, Series B |
| Nº of Investments | 467 (127 as Lead Investor) |
| Nº of Exits | 154 (19 IPO'd) |
| Top Portfolio Startups | New Relic, Markforged, Care.com |
| Contact | info@trinityventures.com / 650.854.9500 |
24 Additional Industrial VC Firms Worth Pitching
Our main list is just the beginning of the story for industrial venture capital. The firms below, hailing from twelve different countries, have funded over 3,400 startups and seen nearly 600 exits between them. There's a deep well of support for founders looking to build the next big thing in industry. Here are the other venture capital firms helping them do it.