IVP, 15 New Investments, 4 M&As and 2 IPOs in 2018

ivpVenture capital firm IVP made 15 new investments and exited 6 companies,including 4 M&As and 2 IPOs, in 2018.

New investments include:
– Brex, a corporate card for startups
– Crowdstrike, a cloud-native endpoint protection platform
– DataDog, a modern monitoring and analytics platform for cloud applications
– Deputy, an employee management solution for hourly paid and shift-based workers
– Discord, all-in-one voice and text chat platform for gamers
– G2 Crowd, the marketplace for businesses to discover, buy, and manage software and services
– HashiCorp, a leading cloud infrastructure automation provider
– Hims, a direct-to-consumer wellness company
– Humu, a behavioral change software company
– KeepTruckin, a comprehensive fleet management and telematics platform
– Lime, a last mile mobility provider
– Lulus, a digitally native apparel brand for women
– Podium, the leading customer communication platform for local businesses
– Skydio, a robotics company that makes self-navigating consumer drones
– UiPath, the leading Enterprise Robotic Process Automation (RPA) software company

IPOs include:
– Dropbox (DBX), a global collaboration platform for teams, which went public in March. IVP made its initial investment in September 2011.
– Domo (DOMO), a cloud-based executive management platform, which went public in June. IVP made its initial investment in February 2012.

M&A exits include:
– MuleSoft, a platform for building application networks, which was acquired by Salesforce (CRM) for $6.5 billion in March. IVP made its initial investment in MuleSoft in August 2016.
– General Assembly, a global design, marketing, technology, and data education company, which was acquired by the Adecco Group in April. IVP made its initial investment in General Assembly in March 2014.
– GitHub, a software development platform, which was acquired by Microsoft (MSFT) for $7.5 billion in June. IVP made its initial investment in GitHub in July 2015.
– AlienVault, a provider of Unified Security Management and crowd-sourced threat intelligence, which was acquired by AT&T (T) in July. IVP made its initial investment in AlienVault in August 2015.

In addition, large follow-on rounds include:
– Amplitude, a product intelligence company, which raised $80m
– Anomali, the threat management and security collaboration solutions provider, which raised $40m
– Checkr, the leading provider of modern and compliant background checks, which raised $100m
– Coinbase, a place to buy, sell, and manage cryptocurrency portfolios, which raised $300m
– Compass, a real estate technology company, which raised $400m
– Dataminr, a real-time information discovery company, which raised $392m
– Hims, a direct-to-consumer wellness company, which raised $50m
– The Honest Company, a mission-driven consumer products company, which raised $200m
– Glossier, the community-driven, direct-to-consumer beauty company, which raised $52m
– LegalZoom, the leading provider of legal solutions, which raised $500m
– Looker, a unified Platform for Data, which raised $103m
– MasterClass, the online education company, which raised $80m
– Pindrop, the leader in voice security and authentication, which raised $90m
– Slack, a provider of a messaging platform for teams, which raised $427m
– Tala, the leading consumer lending app in emerging markets, which raised $65m
– Tanium, the platform for endpoint management and security, which raised $200m
– Thrive Global, a behavior change media and technology company, which raised $43m
– ZipRecruiter, a leading online employment marketplace, which raised $156m

In 2018, three of IVP’s investors – Todd Chaffee, Jules Maltz, and Dennis Phelps – were named to the Forbes Midas List of 100 Best Venture Capitalists. In addition, Todd Chaffee and Jules Maltz were named to The New York Times and CB Insights List of the Top 100 Venture Capitalists. GrowthCap named Eric Liaw and Jules Maltz on the GrowthCap Top 40 Under 40 Growth Investors List. Business Insider recognized Eric Liaw among the top 23 most respected enterprise technology VCs.

IVP is one of the top performing firms in the venture capital industry, typically serving as a lead investor in later-stage rounds with equity investments ranging from $10 to $100 million. With $7 billion in committed capital, IVP is currently investing IVP XVI, a $1.5 billion later-stage venture capital and growth equity fund. Investments include AppDynamics (CSCO), Buddy Media (CRM), Casper, Coinbase, Compass, CrowdStrike, Datalogix (ORCL), Dropbox (DBX), Dropcam (GOOG), Fleetmatics (FLTX), GitHub (MSFT), Glossier, HomeAway (AWAY), The Honest Company, Kayak (PCLN), Klarna, LegalZoom, LifeLock (LOCK), Marketo (MKTO), Mindbody (MB), MuleSoft (CRM), Netflix (NFLX), Omniture (ADBE), Pure Storage (PSTG), Rubrik, Slack, Snap (SNAP), SoFi, Supercell (SoftBank), Tanium, TransferWise, Twitter (TWTR), Yext (YEXT), ZenDesk (ZEN), ZipRecruiter, and Zynga (ZNGA).

The firm has 17 investors focused on identifying later-stage growth companies in the consumer and enterprise sectors. During 2018, Alex Lim was promoted to Vice President and Armaan Ali and Michael Miao were promoted to Senior Associate. In addition, IVP added Louisa Xu as a Vice President and Jake Storm as an Associate to its investment team.

Have a look at the 2018 IVP summary infographic below:

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FinSMEs

14/12/2018

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