IVP, one of the original late-stage venture capital firms, is announcing its sixteenth fund. And at $1.5 billion, it’s the largest yet. This brings the group’s total committed capital to $7 billion.
With a slew of exits this year, including Snap, AppDynamics, MuleSoft and Yext, and a historical IRR of 43%, it was enough to convince LPs that they’re ready for a little more money. The last fund raised was $1.4 billion in 2015.
