IVP Announces New $1.5 Billion Fund

  IVP Announces New $1.5 Billion Fund

   IVP XVI is the Firm’s Largest Fund to Date and Will Finance High-Growth
                             Technology Companies

Business Wire

MENLO PARK, Calif. -- September 26, 2017

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 cumulative committed capital to $7 billion.
IVP XVI was significantly oversubscribed, with the firm’s existing Limited
Partners contributing the vast majority of the capital.

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IVP Announces New $1.5 Billion Fund (Photo: Business Wire)

IVP Announces New $1.5 Billion Fund (Photo: Business Wire)

As an investor in innovative companies such as AppDynamics, Domo, Dropbox, The
Honest Company, Slack, Snap, Supercell, Twitter, and ZipRecruiter, IVP remains
committed to its focused strategy of supporting innovation at the growth stage
and partnering closely with exceptional management teams throughout the United
States. Since its inception in 1980, IVP has invested in over 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. “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.”

IVP’s Partners include Todd Chaffee, Somesh Dash, Norm Fogelsong, Steve
Harrick, Eric Liaw, Jules Maltz, Sandy Miller, and Dennis Phelps, who
collectively have more than 150 years of venture capital and operating
experience. In addition, Tom Loverro and Roseanne Wincek were recently
promoted to Principals at the firm.

"When it came time for Glossier to raise a late stage round, we were fortunate
to have many attractive options available to us," said Emily Weiss, CEO and
Founder of Glossier. “We chose IVP to be our lead investor because of their
focus on and experience working with hyper-growth start ups on their way to
becoming category defining leaders. The IVP team is absolutely one of the best
in the business. We look forward to working together for many years to come."

The Silicon Valley-based firm with offices in Menlo Park and San Francisco
specializes in technology and media investments, both enterprise and consumer,
and believes that its dedicated industry focus is one of the keys to its
long-term success. With the new fund, IVP plans to invest in 35-40 companies,
in amounts ranging from $10 to $100 million per company.

“IVP’s multi-generational team has consistently delivered through several
investment cycles,” said Robert Morgan, Managing Director of 50 South Capital
Advisors, LLC, a wholly owned subsidiary of Northern Trust Corporation. “I
continue to be impressed with the firm’s accelerating momentum and prominent
position in the venture industry.”

For more information about IVP XVI, read our blog post.

About IVP

With $7 billion of committed capital, IVP is one of the premier later-stage
venture capital and growth equity firms in the United States. Founded in 1980,
IVP has invested in over 300 companies, 106 of which have gone public. IVP is
one of the top-performing firms in the industry and has a 36-year IRR of
43.2%. IVP specializes in venture growth investments, industry rollups,
founder liquidity transactions, and select public market investments. IVP
investments include such notable companies as AppDynamics (CSCO), Business
Insider (Axel Springer), Buddy Media (CRM), Casper, Compass, Datalogix (ORCL),
Domo, Dropbox, Dropcam (GOOG), Fleetmatics (FLTX), GitHub, HomeAway (AWAY),
The Honest Company, Kayak (PCLN), Klarna, LegalZoom, LifeLock (LOCK), Marketo
(MKTO), Mindbody (MB), MySQL (ORCL), Netflix (NFLX), Omniture (ADBE), Personal
Capital, Pure Storage (PSTG), Slack, Snap (SNAP), SoFi, Supercell (SoftBank),
Tanium, Twitter (TWTR), Yext (YEXT), ZipRecruiter, and Zynga (ZNGA). For more
information, visit www.ivp.com or follow IVP on Twitter: @ivp.

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Contact:

IVP
Gina Bauman, 650-543-1813
gbauman@ivp.com
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