Today, we announce $100M in new funds to continue partnering with early-stage founders who are creating change and catalyzing innovation across the industrial supply chain.
There’s never been a better time to invest in these critical industrial industries. This infusion of new capital will fuel our conviction and our ability to back the entrepreneurs and teams who are revolutionizing the way we design, build, distribute, and operate in the physical world.
We’re facing exorbitant material prices, skilled labor shortages, infrastructure stagnation, supply chain stalls, and clunky legacy operating systems. Solving these challenges means tapping into the potential of digital industrial innovation:
These are massive problems to solve that require talented people, innovative technology, and significant capital investments to develop solutions. These challenges also present massive opportunities. Our decades of expertise come from the worlds of both venture investing and industrial operating, and with Fund I, we proved GP-market fit. We are uniquely positioned to understand the headwinds impacting our focus industries and evaluate the world-class founders motivated to tackle the issues facing them.
We wouldn’t be here today without acknowledging how far we’ve come and the highly differentiated network of supporters who define our unique value-add. We founded Ironspring Ventures in 2020 on a mission to build an enduring, sector-focused venture capital fund that serves as a central hub of digital industrial innovation. Our founding team has a long history with industrial technologies and deep roots in the Texas economy, which led us to found the firm in Austin, TX and that’s why we’re proud to continue to be based here today. At the time, few people were using the term ‘digital industrial innovation,’ and there was much less deployable capital focused on the areas we have deep expertise in and invest in – manufacturing, construction, transport & logistics, and alternative energy. Today, the market has evolved and we welcome it – the capital markets have matured seeing strong returns posted in these sectors, growth capital has taken notice of the great potential of the businesses we invested in early on, and we continue to see a flood of incredible talent launching new businesses to go after massive markets. We passionately believe in this work, we’re here to create institutional change, and with Fund II, it’s full speed ahead.
With Fund II, we’re simply doubling down on our investment thesis, a proven fund construction strategy aligned to our AUM, and on the network effect momentum we’ve built since launching Fund I. We’ll maintain our same sector focus, seed investment stage, and a disciplined fund construction strategy – because it worked. Over the past three years with our $61M Fund I, we invested in 16 portfolio companies, secured top-tier co-investors and follow-on capital, and most importantly, delivered clear value for our founder community.
With the launch of Fund II, we’re also announcing four of our investments:
Together with the support of our portfolio company founders, our LPs, our network, and our extended community, we’re committed to creating a more productive, sustainable, and secure industrial supply chain. Our boots are on the ground, our shirtsleeves are rolled up, and we’re ready to continue building.
