Premier later-stage venture capital and growth equity firm Institutional Venture Partners (IVP) announced the largest fund raised in its 32-year history.
The $1bn IVP XIV fund was significantly oversubscribed with IVP’s existing Limited Partners taking the vast majority of the fund.
Led by General Partners Todd Chaffee, Norm Fogelsong, Steve Harrick, Jules Maltz, Sandy Miller, and Dennis Phelps, IVP partners with entrepreneurs to finance 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.
With the new fund, Institutional Venture Partners plans to invest $10 to $100m in 10 to 12 companies a year.