Friday, June 29, 2012

IVP Raises $1 Billion Fund

Menlo Park based venture investor Institutional Venture Partners said Thursday that it has raised its largest fund, ever, worth $1 billion. IVP XIV brings the firm's committed capital to $4 billion. IVP said the fund was "significantly oversubscribed", and will focus on Internet and Digital Media, Enterprise IT, and Mobile & Communications.