|[December 16, 2013]
IVP Concludes Successful Year
MENLO PARK, Calif. --(Business Wire)--
During 2013, Institutional
Venture Partners (IVP), one of the premier later-stage venture
capital and growth equity firms, welcomed the IPOs of Marketo (MKTO),
RetailMeNot (SALE), and Twitter (News - Alert) (TWTR), and distributed over $500
million in capital back to its Limited Partners. IVP now has eight
companies in its portfolio that have publicly-traded market
capitalizations in excess of $1 billion. The firm also began investing
IVP XIV, a new $1 billion fund, and publicly announced ten new
investments. As an investor in innovative companies, such as
AppDynamics, Dropbox (News - Alert), HomeAway, Snapchat, Supercell, and Twitter, IVP
remains committed to its focused strategy of supporting rapidly-growing
technology and media companies and partnering closely with exceptional
IPOs in 2013:
(TWTR), a global platform for public self-expression and real-time
collaborative conversation, went public in November with a market
capitalization of $31.2 billion. IVP made its initial investment in
Twitter in February 2009.
(SALE), operator of the world's largest digital coupon
marketplace, went public in July with a market capitalization of $1.4
billion. IVP made its initial investment in RetailMeNot in October
(MKTO), a leading provider of cloud-based marketing solutions for
building and sustaining customer relationships, went public in May
with a market capitalization of $1.0 billion. IVP made its initial
investment in Marketo in November 2010.
IVP Investments Announced in 2013:
a next-generation Application Performance Management (APM (News - Alert)) solution
focused on simplifying the management of compex cloud-based software
a pioneer in developing a new approach for enterprises to discover and
gain operational insights from massive online data systems.
a big data company connecting online advertising with offline sales.
an information discovery company enabling real-time, data-driven
decisions for enterprises.
an award-winning cloud-based Wi-Fi video monitoring service with live
streaming, two-way communication, and remote viewing capabilities.
a technology-powered lender serving Main Street small businesses.
Storage, a leading enterprise flash storage array company.
a smartphone-based social photo messaging company.
a leading "tablet first" gaming company with two of the top
social/mobile games. Subsequent to IVP's investment, Softbank and
GungHo acquired a 51% interest in Supercell in October at a $3.1
the world's leading online service for listening to live radio
In 2013, three of IVP's General Partners - Todd Chaffee, Steve Harrick,
and Sandy Miller - were named to the prestigious Forbes Midas List of
the Top 100 Tech Investors. In addition, AlwaysOn recognized Todd
Chaffee, Norm Fogelsong, Steve Harrick, and Sandy Miller as "2013 Power
Players in the Cloud," Norm Fogelsong and Eric Liaw as "2013 Mobile
Power Players," and Norm Fogelsong as a "2013 Power Player in Digital
IVP has six general partners and eight additional investment
professionals focused on identifying later-stage growth companies in the
consumer and enterprise sectors, and the firm is one of the top
performing firms in the venture capital industry. IVP typically serves
as a lead investor in expansion-stage rounds with investment sizes
ranging from $10-100 million.
Promotions and New Hires
IVP's success in 2013 coincided with several important promotions and
new hires during the year. James Newell, a former Senior Associate who
recently completed the MBA program at the Wharton School at the
University of Pennsylvania, returned to IVP as a Vice President. In
addition, Chris Esqueda was promoted to Vice President of Finance,
Andrew Barr was promoted to Senior Associate, and Jordan Kong joined the
firm as an Associate.
About Institutional Venture Partners (IVP)
With $4 billion of committed capital, Institutional Venture Partners
(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, 96 of which have gone public. IVP is one of the
top-performing firms in the industry and has a 32-year IRR of 43.2%. IVP
specializes in venture growth investments, industry rollups, founder
liquidity transactions, and select public market investments. Since its
inception, IVP investments include such notable companies as ArcSight
(HPQ), Buddy Media (CRM), ComScore (SCOR), Concur Technologies (CNQR),
Dropbox, Fleetmatics (FLTX), HomeAway (AWAY), Juniper Networks (JNPR),
Kayak (PCLN), LegalZoom, LifeLock (LOCK), Marketo (MKTO), MySQL (ORCL),
Netflix (NFLX), ngmoco (DeNA), Polycom (News - Alert) (PLCM), Pure Storage, RetailMeNot
(SALE), Seagate (STX), Shazam, Snapchat, Supercell, Synchronoss (SNCR),
Tivo (TIVO), Twitter (TWTR), and Zynga (News - Alert) (ZNGA). For more information,
or follow IVP on Twitter: @ivp.
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