Institutional Venture Partners

The IVP Fund team has more than 100 years of combined venture capital investment experience. The fund attracted investors from North America, Denmark, Germany, Japan, Singapore, Switzerland and other countries. The volume of attracted capital is 3 billion US dollars (April 2011).

Performance indicators

According to the results of the period 1980-2009, the total volume of "exits" made amounted to 5.5 billion dollars. During this time, the fund invested more than 300 companies, 86 of which became public.

Funds managed by Institutional Venture Partners are among the most profitable in the global venture capital industry - over the 30-year period of operation, the total internal rate of return for investors (IRR) amounted to 43.2%.

History

2021

Investing in Ajaib trading platform

In early October 2021, the Indonesian company Ajaib, developing the online stock trading platform of the same name, raised $153 million and achieved an estimate of $1 billion just two and a half years after its launch. The IVP fund invested in the service. More details here.

Investing in services with celebrity lessons MasterClass

In mid-May 2021, the online training platform MasterClass raised $225 million. The F-series investment round was led by Fidelity with Baillie Gifford, Eldridge, IVP and NEA. According to the results of the round, the MasterClass estimate increased to $2.75 billion, which, according to Pitchbook, is three times higher than the estimate in June 2020. The company plans to use the funds raised to launch a new business and reach the international level. More details here.

Investing in Brex Expense Management Software Developer

At the end of April 2021, fintechstartup Brex he raised $425 million as part of the Series D financing round, which was led by a venture capital company, and Tiger Global IVP also invested in the startup. The capitalization of the startup increased to $7.4 billion. More. here

Investing in RPA Market Leader UiPath

In early February 2021, UiPath announced the attraction of $750 million in investments as part of the Series F round, according to which the world's largest manufacturers of RPA solutions were valued at $35 billion, which is more than three times the estimate of six months ago. Previously, UiPath received a total of $1.2 billion from investors, including Accel, Alphabet Inc. "s CapitalG, Kleiner Perkins и Meritech Capital Partners (данные PitchBook). More details here.

2020

Investing in the fintech company Robinhood

In mid-July 2020, the fintech company Robinhood, with investments from the Yuri Milner Fund, raised another $320 million. Given that in the same round of financing, the company previously raised $280 million, now its value is estimated at $8.6 billion. More details here.

Investing in RPA Market Leader UiPath

On July 13, 2020, UiPath announced the closure of the Series E investment round, following which the leader of the RPA solutions market raised $225 million and was valued at more than $10 billion. More details here.

2011

In April 2011, the late-stage venture fund Institutional Venture Partners XIII (IVP XIII) announced joint Sequoia Capital investments in a fast-growing media company for women Sugar Inc. in the amount of 15 million dollars US dollars.

OJSC Russian Venture Company (RVC OJSC) participates in the investment of Sugar Inc. through its international fund Russian Venture Capital II LP (UK), which in September 2010 joined the venture fund IVP XIII. Investments of RUSSIAN VENTURE XIII MILLION

Sugar Inc. intends to use the funds raised to develop an umbrella brand, absorb companies and actively promote in the international market in order to become the world's largest producer of content for women in the lifestyle category. The financing received at this stage brought the total amount of funds received by the company to 46 million US dollars.

Brian and Lisa Sugar interact with a new generation of women. They do it around the clock through millions of mobile and network devices. Sugar Inc. is only at the beginning of the journey, said Michael Moritz, managing partner at Sequoia Capital.

"Internet projects were and remain one of the most attractive for venture capital investments," said Jan Ryazantsev, director of the investment and expertise department of Russian Venture Company OJSC. - High expected growth rates, a transparent and understandable business model, the prospect of a significant capitalization of a successful company with relatively small initial investments - all this leads to the fact that in the structure of portfolios of American venture funds the share of Internet projects reaches 30-40 percent. There is no point in fighting such an obvious trend - it needs to be followed. Which is what the IVP XIII Fund does with the participation of RVC capital. For the Russian technology market, this experience is very important. "