Gina Bauman, vice president of marketing at IVP

IVP completes new USD1bn fund, four IPOs and 13 new investments in 2012

Institutional Venture Partners (IVP) raised a new USD1bn fund and completed four IPOs, two significant M&A events and 13 new investments in 2012.

In June, IVP announced the closing of Institutional Venture Partners XIV, a USD1bn later-stage venture capital and growth equity fund. The new fund follows the recent success of IVP XII, a USD600m fund formed in 2007, and IVP XIII, a USD750m fund formed in 2010. IVP XIV is the largest fund raised in the firm’s 32-year history and brings IVP’s cumulative committed capital to USD4bn.

CafePress went public in March with a market capitalisation of USD323m. IVP made its initial investment in CafePress in September 2007.

KAYAK went public in July with a market capitalisation of USD1.25bn. KAYAK announced in November that it will be acquired by Priceline for USD1.8bn. IVP made its initial investment in KAYAK in March 2010.

LifeLock went public in October with a market capitalisation of USD722m. IVP made its initial investment in LifeLock in March 2012.

Fleetmatics went public in October with a market capitalisation of USD768m.  IVP made its initial investment in Fleetmatics in November 2010.

Buddy Media, a social media marketing platform, was acquired by Salesforce for USD745m in June. IVP made its initial investment in Buddy Media in October 2010.

MarkMonitor, which specialises in online brand protection, was acquired by Thomson Reuters in July. IVP made its initial investment in MarkMonitor in December 2003.

IVP announced 13 new investments in 2012:
Aerohive, cloud-enabled enterprise WiFi.
Care.com, the world's largest online care destination.
Domo, a cloud-based executive management platform.
Eucalyptus, on-premise cloud computing platform.
Hipmunk, the travel site taking the agony out of travel planning.
Inspirato, a private, members-only luxury vacation club.
Klout, the standard for online and internet influence.
Lifelock, an industry leader in proactive identity theft protection.
Mindbody, online business management software for the health and wellness industry.
MobileIron, security and management for mobile apps, content, and devices.
The Honest Company, non-toxic and natural baby and family products online.
Voxer, an enterprise class voice messaging application for smartphones.
Wikia, a collaborative media platform.
 
“IVP’s focused strategy of investing in rapidly-growing technology and media companies and partnering closely with exceptional management teams is working extremely well,” says Gina Bauman (pictured), vice president of marketing at IVP. “Our ability to raise a significantly oversubscribed fund in 2012 affirmed our limited partner support, and in 2013, we will continue to help our existing portfolio companies to succeed and will pursue additional investments in rapidly-growing technology companies.”

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