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20 March 2024·2 min read

Lisa Palchynska

Editor-in-Chief, Vestbee

IVP launches $1.6B fund to invest in European later-stage tech companies

Institutional Venture Partners (IVP), a US and UK-based venture capital firm focusing on later-stage companies and growth equity investments, has raised $1.6 billion for its 18th fund. The news was announced by James Black, Partner at IVP, during Vestbee’s CEE VC Summit

  • Founded in 1980 by Reid W. Dennis, IVP is among the oldest investment firms in Silicon Valley, having partnered with over 400 companies to date, resulting in over 130 IPOs. Its portfolio includes numerous unicorns and soonunicorns, such as Discord, Klarna, Slack, and Snap.
  • In August 2023, IVP opened its European representative office in London. Despite its recent establishment, the firm's history in Europe spans more than a decade and includes a number of notable IPOs and exits, such as Supercell, UiPath, Wise, and MySQL. Recent investments in companies across AI, fintech, cybersecurity, and enterprise infrastructure include DeepL, Volt, Pigment, Aiven, SEON, and Veriff.
  • The new $1.6 billion fund marks the 18th for IVP. LPs include CrowdStrike CEO George Kurtz, Ilkka Paananen, founder and CEO of Supercell, and Jyoti Bansal, founder and CEO of Harness, among others, as reported by Fortune.
  • The new fund will continue the firm's general strategy of supporting European tech companies during their Series B and Series C stages, aligning with its broader vision of “spotting iconic companies before the rest of the world appreciates them.”

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