IVP Closes $750M Fund

Wade Roush8/31/10

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 e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.