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Top 34 Industrial Venture Capital Firms (2026)

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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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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.

HeadquartersManchester, New Hampshire, United States
Year Founded2014
FoundersLuke Antal, Michael Collins, Michael Madden
Total Funding$1B
Average Check Size$1M
IndustriesAI & ML, AR & VR, Consumer, Cybersecurity, Fintech, Food & Beverage, Healthcare, Industrial, IoT, Life Sciences, Proptech & Real Estate, SaaS, Climate & Sustainability, Transportation, Media, Manufacturing
Investment StageConvertible Note, Early Stage, Initial Coin Offering, Late Stage, Seed
Nº of Investments2156 (545 as Lead Investor)
Nº of Exits206 (24 IPO'd)
Top Portfolio StartupsFis, Blockfi, Simplisafe
Contactinfo@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.

HeadquartersVienna, Wien, Austria
Year Founded2011
FoundersDaniel Keiper-Knorr, Erik Bovee, Michael Schuster, Oliver Holle, Werner Zahnt
Total Funding€628.4M
Average Check Size€1.3M
IndustriesDeep Tech & Hard Science, Fintech, Health & Wellness, Industrial, Marketplace, Consumer, SaaS, Climate & Sustainability, Crypto & Blockchain, Infrastructure
Investment StageConvertible Note, Early Stage, Late Stage, Seed, Pre-Seed
Nº of Investments540 (216 as Lead Investor)
Nº of Exits51
Top Portfolio StartupsPlanetly, Fincompare - Smarter Business Finance, Iyzico
Contactoffice@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.

HeadquartersPalo Alto, California, United States
Year Founded2015
FoundersLior Susan
IndustriesProptech & Real Estate, Consumer, Healthcare, Industrial, Supply Chain & Logistics, Transportation, Aerospace & Space, Manufacturing, Infrastructure, Energy
Investment StageEarly Stage, Late Stage, Post-Ipo, Seed
Nº of Investments193 (108 as Lead Investor)
Nº of Exits19 (3 IPO'd)
Contactadmin@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.

HeadquartersBoston, Massachusetts, United States
Year Founded1983
FoundersRick Frisbie
Total Funding$17.7B
Average Check Size$500M
IndustriesLife Sciences, Industrial, Consumer, Cybersecurity, Cloud, Devops, AI & ML, Fintech, Healthcare, Infrastructure
Investment StageEarly Stage, Late Stage, Private Equity, Seed, Debt
Nº of Investments889 (349 as Lead Investor)
Nº of Exits231 (36 IPO'd)
Top Portfolio StartupsCoinbase, 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.

HeadquartersBerlin, Berlin, Germany
Year Founded2013
FoundersChristian Meermann, Daniel Glasner, Filip Felician Dames
Total Funding€695M
Average Check Size€3M
IndustriesClimate & Sustainability, Consumer, Fintech, Healthcare, Industrial, Mobility, SaaS
Investment StageEarly Stage, Seed, Pre-Seed
Nº of Investments245 (93 as Lead Investor)
Nº of Exits20 (1 IPO'd)
Top Portfolio StartupsHeyJobs, Finimize, Quandoo
Contactpress@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.

HeadquartersSan Diego, California, United States
Year Founded2006
FoundersDavid Coats, Trevor Kienzle
Total Funding$360M
Average Check Size$4M
IndustriesAerospace & Space, Biotech, Consumer, Healthcare, Hardware, Energy, Fintech, Industrial, Proptech & Real Estate, SaaS
Investment StageEarly Stage, Late Stage, Seed, Series A, Growth
Nº of Investments410 (7 as Lead Investor)
Nº of Exits88 (12 IPO'd)
Top Portfolio StartupsZebit, Virsto, Upstart
Contactinfo@correlationvc.com / 650-353-3327
Atomico Logo

7. Atomico

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.

HeadquartersLondon, England, United Kingdom
Year Founded2006
FoundersNiklas Zennström
Total Funding£2.3B
Average Check Size£1M
IndustriesEnterprise, Consumer, Automation, Industrial, Food & Beverage, Internet & Mobile, Fintech, Health & Wellness, Transportation, Climate & Sustainability
Investment StageDebt, Early Stage, Late Stage, Seed, Private Equity
Nº of Investments263 (103 as Lead Investor)
Nº of Exits48 (6 IPO'd)
Top Portfolio StartupsSupercell, Lendinvest, Truecaller
Contactcontact@atomico.com / +44 207 499 1093
BACKED VC Logo

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.

HeadquartersLondon, England, United Kingdom
Year Founded2015
FoundersAlex Brunicki, Andre de Haes
Total Funding£169.7M
Average Check Size£2.5M
IndustriesBiotech, Entertainment, Industrial, Food & Beverage, Crypto & Blockchain, Enterprise, Future of Work, Deep Tech & Hard Science, Manufacturing, Fintech
Investment StageEarly Stage, Seed, Series A
Nº of Investments108 (24 as Lead Investor)
Nº of Exits10
Top Portfolio StartupsHutch, 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.

HeadquartersLondon, England, United Kingdom
Year Founded2018
FoundersGil Dibner
Total Funding$80M
Average Check Size$3M
IndustriesAI & ML, Cybersecurity, Automation, SaaS, Industrial, Aerospace & Space, Fintech, Developer Tools, Infrastructure
Investment StageEarly Stage, Late Stage, Seed, Pre-Seed
Nº of Investments64 (27 as Lead Investor)
Nº of Exits6
Top Portfolio StartupsViably, Aquant, Fixefy
Contactinfo@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.

HeadquartersMenlo Park, California, United States
Year Founded1986
FoundersNoel Fenton
Total Funding$2.2B
Average Check Size$6M
IndustriesConsumer, Developer Tools, Industrial, Cloud, Deep Tech & Hard Science
Investment StageEarly Stage, Late Stage, Seed, Series A, Series B
Nº of Investments467 (127 as Lead Investor)
Nº of Exits154 (19 IPO'd)
Top Portfolio StartupsNew Relic, Markforged, Care.com
Contactinfo@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.

VC FirmCountryYear FoundedNº InvestmentsNº Exits
Bonfire Ventures logo Bonfire VenturesUnited States201717747
Airtree Ventures logo Airtree VenturesAustralia201417616
BDC Venture Capital logo BDC Venture CapitalCanada1975709173
bmp Ventures logo bmp VenturesGermany199711618
DCVC logo DCVCUnited States2011530114
Breakout Ventures logo Breakout VenturesUnited States2016353
Anzu Partners logo Anzu PartnersUnited States2014716
J&T Ventures logo J&T VenturesCzech Republic2014485
Korea Investment Partners logo Korea Investment PartnersSouth Korea198647155
Movens Capital logo Movens CapitalPoland2018351
Emerald Technology Ventures logo Emerald Technology VenturesSwitzerland20009313
Base Ventures logo Base VenturesUnited States201210826
SHIFT Invest logo SHIFT InvestThe Netherlands2009552
Cycle Capital logo Cycle CapitalCanada2009794
SpeedUp Venture Capital Group logo SpeedUp Venture Capital GroupPoland2009739
Aqua Spark logo Aqua SparkThe Netherlands2013412
Frog Capital logo Frog CapitalUnited Kingdom20094213
ArcTern Ventures logo ArcTern VenturesCanada2012622
Force Over Mass Capital logo Force Over Mass CapitalUnited Kingdom201316818
Industrifonden logo IndustrifondenSweden197921634
1955 Capital logo 1955 CapitalUnited States20158
WISC Partners logo WISC PartnersUnited States2013161
SGInnovate logo SGInnovateSingapore20169412
HG Ventures logo HG VenturesUnited States2018453

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