Goldman Sachs agrees to acquire $7 billion VC firm Industry Ventures

Goldman Sachs agrees to acquire  billion VC firm Industry Ventures


David Solomon, chief executive officer of Goldman Sachs Group Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York, US, on Tuesday, Aug. 6, 2024.

Jeenah Moon | Bloomberg | Getty Images

Goldman Sachs has agreed to acquire Industry Ventures, a venture capital firm with $7 billion in assets under supervision, according to a release from the investment bank.

Goldman is paying $665 million in cash and equity, and up to $300 million more based on the firm’s future performance through 2030, the bank said.

This story is developing. Please check back for updates.


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