Institutional Venture Partners

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Institutional Venture Partners
Type Private
Industry Venture Capital
Founded 1980
Founders Reid Dennis
Headquarters Sand Hill Road
Menlo Park, California
Total assets $4.0 billion
Employees ~30+
Website www.ivp.com

Institutional Venture Partners (IVP) is a US-based private equity investment firm focusing on later-stage venture capital and growth equity investments. IVP is one of the oldest venture capital firms on Sand Hill Road founded by Reid W. Dennis in 1980.

The Firm[edit]

The firm manages over $4.0 [1] billion in committed capital, including its 14th and latest fund which IVP closed at $1 billion in June 2012.[2]

The firm's General Partners include Todd Chaffee, Norm Fogelsong, Steve Harrick, Jules Maltz, Sandy Miller, Dennis Phelps.[3] The partnership focuses on investing in rapidly growing technology and media companies in both the consumer and enterprise sectors.

IVP was named by Forbes as one of the Top Venture Firms in the 2013 Midas List [4] and AlwaysOn named IVP to its 2013 Top 25 VC Firms List.[5]

Investments[edit]

IVP has invested in more than 300 companies since its inception, including ArcSight (ARST, HPQ), Akamai Technologies (AKAM), AppDynamics (privately owned), Ask Jeeves (IACI), Aspect Communications (ASPT), @Road (ARDI), Buddy Media (CRM), Business.com (RHD), Care.com (CRCM), Clarify (CLFY), ComScore (SCOR), Concur Technologies (CNQR), Danger (MSFT), Digital River (DRIV), Dropbox, Form Factor (FORM), Foundry Networks (FDRY), HomeAway (AWAY), Juniper Networks (JNPR), Kayak.com (PCLN), LegalZoom, LifeLock (LOCK), LSI Corporation (LSI), Marketo (MKTO), Mobile 365 (SY), MySQL (JAVA, ORCL), Netflix (NFLX), ngmoco (DeNA), Polycom (PLCM), Quigo (TWX), RetailMeNot (SALE), Seagate Technology (STX), Shazam, Spiceworks (privately owned), Synchronoss (SNCR), TiVo (TIVO), TuneIn (TuneIn), Websense (WBSN), Zynga (ZNGA) and Voxer.

IVP invested in Twitter in February 2009.[6]

IVP invested in FleetMatics in December 2010.[7]

In 2013, IVP invested in AppDynamics, Ayasdi, Datalogix, Dataminr, Dropcam that was later acquired by Nest in 2014,[8] OnDeck, Progreso Financiero,[9] Pure Storage, Snapchat, Supercell (Softbank and GungHo acquired a 51% interest in Supercell in October 2013 at a $3.1 billion valuation[10]) and TuneIn.[11]

In 2014, IVP invested in SoundCloud,[12] Indiegogo [13] (as part of the deal, IVP General Partner Jules Maltz joined Indiegogo‘s board of directors [14]), ZEFR[15] (as part of the deal, IVP General Partner Dennis Phelps joined ZEFR‘s board of directors [16]), General Assembly (school) [17] (as part of the deal, IVP General Partner Todd Chaffee joined General Assembly‘s board of directors [18]), AdRoll,[19] Prosper Marketplace,[20] Zendesk (ZEN),[21] Zenefits.[22]

IVP’s full portfolio can be seen on its website.[23]

References[edit]

External links[edit]