Institutional Venture Partners


Institutional Venture Partners is a US-based private equity investment firm focusing on later-stage venture capital and growth equity investments. IVP is one of the oldest venture capital firms, founded in 1980.

History

While Reid W. Dennis was an analyst at the Fireman's Fund Insurance Company starting in 1952, he started an informal network of screened individual investors. In 1974, Dennis founded Institutional Venture Associates, funded by six institutions such as American Express. Burton J. McMurtry and David Marquardt, who had been involved with IVA, left and founded Technology Venture Investors, the first investor in Microsoft. These were some of the first venture capital firms located on Sand Hill Road near Stanford University, within Silicon Valley. With his personal wealth and that of other partners, Dennis founded Institutional Venture Partners in 1980. The first IVP fund had $22 million. In a field that was generally male-dominated, Ruthann Quindlen became a rare female general partner in 1994. After the burst of the dot-com bubble in 1999, partners from IVP combined with Brentwood Venture Capital formed Redpoint Ventures, which would specialize in later-stage digital media and Internet companies, and Palladium Venture Capital to focus on health science investments. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. It only makes a small number relatively large investments per year. Its fourteenth fund raised about $1 billion in June 2012. Its fifteenth fund raised $1.4 billion in April 2015. Its sixteenth fund raised $1.5 billion in September 2017.

Investments

Early investments included ArcSight, Akamai Technologies, AppDynamics, Ask Jeeves, Business.com, Care.com, ComScore, Concur Technologies, Danger, Digital River, Dropbox, Foundry Networks, HomeAway, Juniper Networks, Kayak.com, LegalZoom, LifeLock, LSI Corporation, MySQL, Netflix, ngmoco, Polycom, Quigo, RetailMeNot, Seagate Technology, Shazam, Spiceworks, TiVo, Websense, and Zynga.
IVP invested in Twitter in February 2009, and in Fleetmatics and Marketo in 2010.
In 2013, IVP invested in AppDynamics, Ayasdi ref>,, Datalogix ), Dataminr, Dropcam that was later acquired by Nest in 2014,, OnDeck Capital ), Oportun Pure Storage, Snapchat, Supercell and TuneIn.
In 2014, IVP invested in AdRoll, General Assembly, Indiegogo, Klarna, Prosper Marketplace, SoundCloud, Threatstream, Woven Digital, xAd, ZEFR, Zendesk, Zenefits, and ZipRecruiter.com.
In 2015, IVP invested in AlienVault, App Annie, Casper, Compass, GitHub, NerdWallet, Pindrop, Slack, SoFi, SteelBrick, Sumo Logic, Tanium, Vessel, and Walker & Company Brands.
In 2016, IVP invested in Checkr,, Cyence,, GIPHY Glossier, MuleSoft,, Qubole, Sauce Labs, TWYLA, Zerto,
In 2017, IVP invested in Amplitude, Coinbase, The Player's Tribune, Qadium, Thrive Global, TransferWise.
In 2018, IVP invested in Tala, Brex, Crowdstrike, Datadog, Deputy |Deputy, Discord, G2 Crowd, HashiCorp, Hims, Humu, KeepTruckin, Lime, Lulus, Podium., Skydio and UiPath.

Industry recognitions

In 2014, AlwaysOn named IVP in its Top 25 VC Firms List.
In 2015, GrowthCap named IVP #1 on their Top 25 Growth Equity Firms List. Entrepreneur Magazine named IVP on their VC 100 List.
IVP ranked #2 as the Top VC in Mobile by App Portfolio Downloads by Sensor Tower In addition, IVP was listed as one of the Most Active Bay Area VC Firms Ranked by Number of Deals in 2015 by San Francisco Business Times.
In 2016, PitchBook ranked IVP #2 as The Most Active VC Investor in the U.S.- based Tech Companies That Have Completed an IPO Since the Beginning of 2011.
CB Insights ranked IVP #3 among top investors that are consistently in the top tech exits.