Specialises in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments.
Institutional Venture Partners (IVP) is a prominent later-stage venture capital and growth equity firm based in the United States. With $7 billion of committed capital, IVP is known for its expertise in advising technology executives and investing in companies during their growth stages, typically those with valuations above $100 million.
IVP believes that growth is a crucial factor that differentiates successful companies from others, and they work diligently to support CEOs in managing the risks and challenges that arise during rapid growth phases. The firm was founded in 1980 by Reid Dennis and has since invested in over 300 companies, with 106 of them going public. IVP has established itself as one of the top-performing firms in the industry, boasting a 36-year internal rate of return (IRR) of 43.2%.
In terms of investment strategy, IVP primarily focuses on later-stage companies and offers capital in various deal types, including seed capital, early venture, growth venture, late stage & IPO, listed equity, acquisition/LBO, venture debt, debt, structured capital, special or distress situations, and hedge strategies. They typically invest between $10 million and $50 million in a single deal, although they can deviate from these limits for the right opportunity. IVP's team consists of experienced investment professionals who specialize in guiding companies through their growth phases. The firm operates with two offices and has a presence in North America, with a focus on Canada and the United States.
Institutional Venture Partners (IVP) is a venture capital investment firm based in Menlo Park, California, in the United States. It focuses on investing in later-stage companies and growth equity investments. Founded in 1980 by Reid Dennis, IVP is one of the oldest venture capital firms in existence.
IVP has a rich history within the venture capital industry. Reid Dennis, while working as an analyst at the Fireman's Fund Insurance Company in the 1950s, created a network of screened individual investors, which would later become known as angel investors. In 1974, Dennis established Institutional Venture Associates (IVA), which received funding from institutions like American Express. Notably, Burton J. McMurtry and David Marquardt, who was involved with IVA, went on to found Technology Venture Investors, the first investor in Microsoft.
In 1980, Reid Dennis, along with other partners, founded Institutional Venture Partners. The firm's first fund started with $22 million. Over the years, IVP has focused on venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. It typically makes a small number of relatively large investments per year, approximately 12 to 15.
IVP has received recognition in the venture capital industry. It was named in AlwaysOn's Top 25 VC Firms List in 2014 and was ranked #1 on GrowthCap's Top 25 Growth Equity Firms List in 2015. Entrepreneur Magazine included IVP on its VC 100 List, and the firm ranked #2 as the Top VC in Mobile by App Portfolio Downloads by Sensor Tower. Additionally, IVP has been listed as one of the Most Active Bay Area VC Firms Ranked by the Number of Deals in 2015 by the San Francisco Business Times. PitchBook ranked IVP #2 as the Most Active VC Investor in U.S.-based Tech Companies That Have Completed an IPO Since the Beginning of 2011.
IVP has raised multiple funds over the years, with notable amounts being $1 billion for the fourteenth fund in June 2012, $1.4 billion for the fifteenth fund in April 2015, and $1.5 billion for the sixteenth fund in September 2017.
The mission of Institutional Venture Partners (IVP) is to accelerate the success of iconic companies by providing strategic guidance, resources, and capital at critical stages of their growth. With a keen eye for spotting emerging opportunities, IVP aims to be at the forefront of identifying and partnering with companies before they become widely recognized. Their mission is rooted in a passion for unlocking untapped potential and helping entrepreneurs realize their visions.
IVP's mission is centred around supercharging growth and enabling companies to achieve enduring market leadership. They take pride in being engaged venture capital partners who not only provide financial support but also act as trusted advisors, counsellors, and confidants to founders and CEOs. IVP understands that moments of inflexion are crucial in a company's journey, and they strive to be the compass that guides entrepreneurs on the winding path to success. They celebrate milestones, bolster critical business functions, and provide expertise in moments that matter, with the ultimate goal of helping their portfolio companies become industry leaders in their respective markets.
Institutional Venture Partners (IVP) operate based on a set of core values that guide their approach to investing and working with portfolio companies. These values reflect IVP's commitment to integrity, collaboration, and long-term partnership:
Institutional Venture Partners (IVP) specialise in growth-stage investments. With a 40-year track record and over 400 partner companies, including well-known names like Twitter, Snapchat, and Slack, IVP has established itself as a trusted player in the venture capital industry.
When it comes to investment criteria, IVP focuses on identifying and partnering with companies that have the potential to become enduring market leaders. They have a knack for spotting iconic companies before they gain widespread recognition, positioning themselves as early investors in high-growth companies. IVP's goal is to accelerate the success of its portfolio companies by providing strategic guidance and support. IVP's investment criteria are centred around several key factors:
Institutional Venture Partners (IVP) has an impressive portfolio of investments in leading technology companies across various sectors. With a track record spanning over four decades, IVP has partnered with more than 400 companies, many of which have become industry leaders. Here are some notable companies in IVP's portfolio:
