Institutional Venture Partners, a later-stage venture capital and growth equity firm, has celebrated its 30th year with a new USD750m fund and eight new investments.
In August, IVP closed Institutional Venture Partners XIII, a USD750m later-stage venture capital and growth equity fund.
IVP XIII is the largest fund IVP has raised and brings the firm’s cumulative committed capital to USD3bn.
IVP’s eight new investments were:
1. IVP led a USD23m later-stage venture financing in Buddy Media, a social media management system.
2. IVP led a USD10m later-stage venture financing in DoubleVerify, which specialises in online advertising verification.
3. IVP led a USD68m growth equity financing in FleetMatics, a provider of GPS tracking applications for commercial fleets.
4. IVP led a USD10m shareholder liquidity transaction in Kayak, a travel search engine.
5. IVP led a USD30m later-stage venture financing in LensVector, a provider of solid-state optical components for camera phones, laptops and other consumer electronics.
6. IVP led a USD25m later-stage venture financing in Marketo, a provider of revenue performance management solutions that aim to increase an enterprise’s marketing and sales success.
7. IVP led a USD25m later-stage venture financing in ngmoco, a publisher and developer of social games for iPhone OS devices. Late in the year, ngmoco was acquired by DeNA for up to USD400m in cash and securities.
8. IVP led a USD16m later-stage venture financing in Spiceworks, provider of the first and only social IT management application connecting the world’s IT pros and top technology companies.
