IVP Closes New $750 Million Tech and Media Fund

This morning, Institutional Venture Partners announced the closing of IVP XIII, a new $750 million fund that will invest in rapidly growing technology and digital media companies. IVP’s later-stage investment strategy has been successful so far; like its similarly named predecessor fund–the $600 million IVP XII–the new fund is oversubscribed, and the firm’s committed capital now totals $3 billion.