Feb. 20, 2017– SAN FRANCISCO, CA– Industry Ventures LLC, a leading investment firm for venture capital, today announced key additions to its investment team with the appointments of Jonathan Roosevelt as Venture Partner and Kemper Ahl as Business Development Associate. In addition, the firm recognized the ongoing contributions of key team members with internal promotions, including Robert May to Managing Director, Chief Operating/Compliance Officer; Aaron Hinz to VP of Finance; Lena McNulty to Manager of Investor Relations; and Brian Langner to Senior Associate.
In total, Industry Ventures’ team of over twenty venture capital professionals manages over $3 billion of institutional capital targeted at secondary investments, primary venture fund commitments, direct co-investments and special situation investing.
“It is with great pleasure that we welcome Jonathan and Kemper to the Industry Ventures team. We are very proud of the high-caliber team we have assembled over the years and believe Jonathan and Kemper will be valuable contributors to our investment strategy,” said Hans Swildens, CEO and founder of the firm. “Jonathan has a long history with our firm as we invested in his company Epesi over 17 years ago, and also were a shareholder via three venture funds in FitBit. His deep experience as an entrepreneur, direct investor and an executive manager make him uniquely qualified to join as a Venture Partner. Kemper will bring terrific perspective to the deal sourcing team and we’re lucky to have him.”
Jonathan most recently managed Roosevelt Capital and held various board positions. He was an early employee and VP of Sales at SocialFinance (aka Sofi), co-founder of GuestDNA, HealthyFit and Epesi Technologies (a company he co-founded with James Park of FitBit). Jonathan was an original angel investor in FitBit’s seed round. He earned his MBA from Harvard Business School and a Bachelor of Arts in History from Harvard College with honors.
Kemper joins from Artist Capital, a NY-based merchant bank providing advisory services to financial sponsors and private businesses, where his responsibilities spanned all aspects of the firm's business activities, including client management, due diligence, investor relations and business development. Kemper received his Bachelor of Arts in Political Science from Davidson College.
“We are so fortunate to have a strong team both on the investment and operations sides of our firm. Robert’s tenure has brought professionalism and astute guidance to our operations and compliance. Aaron has proved himself with his financial acumen as controller and is ready for additional responsibilities. For over eight years, Lena has been a steady force in our investor relations activities and a pleasure to have on our team. Brian has been a valuable player on our investment team and we look forward to his continued growth with the firm,” stated Swildens. “We congratulate these folks for their contributions to the firm and their continued success.”
Industry Ventures was formed in 2000 by Hans Swildens to make seed stage investments in start-up technology companies. Shortly after making our first investments the NASDAQ collapsed and the venture business entered a very difficult liquidity period. In 2001, we pivoted the investment focus to purchase shares in venture backed companies in secondary transactions.
Our first secondary investment was the purchase of shares in Speedera Networks from a publicly traded corporation. Hans helped his brother Eric start Speedera Networks with Rich Day and Ajit Gupta (together the "ERA"). Speedera Networks was acquired by Akamai in 2005. Prior to Speedera, Eric and Hans founded Microline Software after Eric wrote various user interface components of Netscape Navigator 1.0 in 1994. Microline was acquired in 1997 by Neuron Data and the combined company rebranded Blaze Software. Blaze went public in 2000 and was subsequently acquired by Fair Isaac.
A few months after buying part of Speedera, the firm acquired the venture capital division of Electronic Data Systems (EDS). During the period of 2002-2004, the firm acquired over $200 million of invested capital from various sellers of venture capital portfolios including Bowman Capital, Enron Broadband Ventures and Infospace. This investment activity was instrumental in the early formation of the secondary market for venture capital investments.
In 2008, we launched our fund of funds effort with the acquisition of Little Hawk Capital Management. We saw inefficiencies and investment outperformance in small venture capital funds. We have subsequently built a portfolio of over twenty small venture capital funds with leading early stage investors. Today we co-invest alongside these funds in their high-growth businesses.
Over the last decade, the firm evolved from being a pioneer of secondary investments into the leading provider of liquidity for the venture capital market. We manage over $3 billion from institutional investors and operate with one of the largest investment teams in the market.×