Database/Forge Industrial Tech
VCF008 · Vintage 2020Open

Forge Industrial Tech

Forge Ventures

Robotics, automation, and industrial software for re-shored Western manufacturing. Heavy LP base from strategic family offices.

Venture CapitalSeries A — Industrial / RoboticsEuropeUSArticle 8
Performance · since vintage

Net TVPI multiple

1.62x
+2.9pp vs benchmark
QuarterNet IRRNet TVPINet DPI
2022 Q18.7%1.48x0.06x
2022 Q216.4%1.42x0.07x
2022 Q319.9%1.30x0.08x
2022 Q413.2%1.51x0.09x
2023 Q119.7%1.38x0.11x
2023 Q27.2%1.56x0.12x
2023 Q319.9%1.65x0.13x
2023 Q412.8%1.62x0.15x

Terms

Target fund size£400m
Current AUM£360m
Min ticket£5m
Max ticket£40m
Target net IRR20–24%
Lock-up10 years
Management fee2.00%
Carry / performance20%
BenchmarkCambridge Associates Industrial VC
ESG / SFDRArticle 8
Liquidity

Closed-ended.

Investment highlights

  • Portfolio includes 2 unicorns in industrial robotics

Top 5 holdings

Largest positions · % of fund · simulated
  • Praxis Logistics11.5%
  • Aperture Labs9.5%
  • Vanta Materials9.0%
  • Helix Bio8.2%
  • Foundry Semis7.7%