Institutional Venture Partners has secured $1 billion for a new investment fund.
The company broke the news to TechCrunch earlier today, telling the startup blog that it's calling the fund IVP XIV. The $1 billion raised is the largest fund the company has ever had and brings its total committed capital to $4 billion.
"Essentially it's going to be the same strategy," IVP General Partner Jules Maltz told TechCrunch in an interview. "We're a late-stage firm, we're very focused. We only do tech investing. We don't do China, we don't do … Read more