IVP Announces New $1.5 Billion Fund

IVP, a premier later-stage venture capital and growth equity firm, announced the closing of IVP XVI, a $1.5 billion fund. This is the largest fund in the firm’s 37-year history and brings its cumulative committed capital to $7 billion. With the new fund, IVP plans to invest in 35 to 40 companies, in amounts ranging from $10 to $100 million per company.

As an investor in such innovative companies as AppDynamics, Domo, Dropbox, The Honest Company, Slack, Snap, Supercell, Twitter, and ZipRecruiter, IVP remains committed to its strategy of supporting innovation at the growth stage and partnering closely with exceptional management teams throughout the U.S. Since its inception in 1980, IVP has invested in more than 300 companies, of which 106 have gone public.

“The partners at IVP are experienced and thoughtful investors who provide their management teams with consistent coaching and support,” said David Wadhwani, CEO of AppDynamics, one of IVP’s most successful portfolio startups, which was acquired by Cisco for $3.7 billion. “Cisco’s acquisition of AppDynamics earlier this year was an exceptional outcome and a testament to the strong working relationship with our friends at IVP.”