Institutional Venture Partners (IVP), a later-stage venture capital and growth equity firm, has announced IVP XIV, a $1 billion fund. This is the largest fund raised in the firm’s 32-year history and brings the cumulative committed capital to $4 billion. With the new fund, IVP plans to invest $10 to $100 million in just 10 to 12 companies a year.
IVP partners with entrepreneurs to finance rapidly growing media and technology businesses that are addressing large market opportunities. With IVP XIV, the firm will continue to invest in its three target sectors: Internet and Digital Media, Enterprise IT, and Mobile & Communications.
Since its inception in 1980, IVP has invested in over 300 companies, 90 of which have gone public. IVP’s investments include companies such as ArcSight, Buddy Media, ComScore, Dropbox, HomeAway, Kayak, LegalZoom, LifeLock, LivingSocial, Marketo, MySQL, Netflix, Shazam, Twitter, and Zynga.
[Image Courtesy: Institutional Venture Partners]