Press Release

IVP Closes $1.8 Billion Fund to Back Later-Stage Growth Companies

May 17, 2021

Palo Alto – May 17, 2021 – Cooley advised IVP, a premier later-stage venture capital and growth equity firm, on the closing of its $1.8 billion IVP XVII fund, which brings its total committed capital to $8.7 billion. Partners John Clendenin and John Dado led the Cooley team advising IVP.

IVP’s track record includes 120 initial public offerings and investments in more than 400 companies since its founding. Several of the venture firm’s portfolio companies have recently gone public in successful IPOs, including Coinbase, Compass, CrowdStrike, Datadog, Hims & Hers, Sumo Logic, The Honest Company and UiPath.

Founded in 1980, IVP specializes in venture growth investments, industry rollups, founder liquidity transactions and select public market investments.

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