IVP Closes $750M Fund

8/31/10

Institutional Venture Partners in Menlo Park, CA, said today that it has finished raising limited-partner investments for its 13th fund, Institutional Venture Partner XIII, at $750 million. That’s significantly larger than the late-stage investor’s last fund, a $600 million fund closed in 2007. IVP invests in digital media, communications and wireless technologies, and enterprise information technology, typically contributing $10 million to $50 million as the lead investor in rounds that total more than $100 million. Notable IVP portfolio companies include Comscore, Juniper Networks, Kayak, Netflix, Seagate, Tivo, and Twitter.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

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