IVP 2020 in Review - Ten New Investments and a Growing Team for Investing in and Serving High Growth Technology Companies
17/12/2020
2020 marked the 40th anniversary of IVP, which was one of the first venture capital firms on Sand Hill Road. Since its inception in 1980, IVP has backed innovative companies like CrowdStrike, Datadog, Klarna, Netflix, Seagate, Slack, Snap, Supercell, Twitter, and UiPath. IVP remains committed to its focused strategy of supporting innovation at the growth stage and partnering closely with exceptional management teams. Listed below are a few highlights from this year.
New Investments Announced in 2020:
Aiven, an open-source cloud database software platform
CircleCI, a continuous integration and delivery platform
Curology, a personal care provider with custom, prescription skincare
H1, a global platform for the healthcare industry
Hopin, an enterprise-scale live virtual events software platform
Lyra, a tech-enabled mental health platform
Robinhood, a retail investment platform
Supermetrics, a simplified data access platform for business analysts
Whisper, a software-defined hearing aid technology
WHOOP, a wearable for human performance
Large Follow-On Rounds in 2020:
Attentive, a personalized mobile messaging SaaS platform for brands, raised $340 million
Brex, the financial OS for the next generation of business, raised $150 million
Discord, an all-in-one voice and text chat platform, raised $100 million
ai, the creator of the first Talent Intelligence platform, raised $125 million
HashiCorp, a cloud infrastructure automation platform, raised $175 million
Hopin, an enterprise-scale live virtual events software platform, raised $125 million
Klarna, the global disruptor of payments with smooth retail services, raised $850 million
Lime, a micro-mobility provider, raised $170 million
Lyra, a tech-enabled mental health platform, raised $110 million
MasterClass, the online education company, raised $100 million
Podium, a customer communication platform for local businesses, raised $125 million
Robinhood, a retail investment platform, raised $660 million
Skydio, a robotics company that makes self-navigating drones, raised $100 million
Tanium, the platform for endpoint management and security, raised $200 million
TransferWise, the best way to send money abroad, raised $319 million
UiPath, the Robotic Process Automation (RPA) software company, raised $225 million
IPOs in 2020:
Sumo Logic (SUMO), the continuous intelligence platform for DevSecOps, went public in September. IVP made its initial investment in May 2015. Sumo Logic was the 115th company from IVP's portfolio to go public.
Casper (CSPR), the global sleep company, went public in February. IVP made its initial investment in June 2015.
SPACs in 2020:
Hims & Hers, a multi-specialty telehealth platform that connects consumers to licensed healthcare professionals, entered into a definitive merger agreement in October with Oaktree Acquisition Corp. to become publicly traded. IVP made its initial investment in January 2018.
Significant M&A Exits in 2020:
Slack, the most innovative enterprise communications platform, entered into a definitive agreement to be acquired by Salesforce in December. This transaction, at an enterprise value of $27.7 billion, marks the second largest-ever software acquisition. Slack debuted on the NYSE under the ticker symbol WORK in June 2019. IVP made its initial investment in April 2015.
Expanse, a leader in attack surface management, entered into a definitive agreement to be acquired by Palo Alto Networks in November. IVP made its initial investment in June 2017.
Personal Capital, a leader in digital wealth management, was acquired by Empower Retirement in June. IVP made its initial investment in June 2010.
Industry Recognition
In 2020, IVP was named among the Top 25 firms on The CB Insights Smart Money List. Venture Capital Journal included IVP on their inaugural VCJ 50 List ranking the largest venture fundraisers over the past five years, and Preqin named IVP as a top firm in private equity in their 2020 Global Private Equity Report.
Jules Maltz was named to the prestigious Forbes Midas List of the 100 Best Venture Capitalists, his third consecutive time. Eric Liaw and Tom Loverro were named to the 2020 GrowthCap's Top 25 Software Investors List, honored to be included among the most exceptional private capital investors who have demonstrated deep software sector expertise. In addition, Somesh Dash and Tom Loverro were named to the 2020 GrowthCap's Top 40 Under 40 Growth Investors List. Alex Lim was named on the Venture Capital Journal's debut ranking of the 40 Rising Stars Under 40. Business Insider recognized Parsa Saljoughian among the 25 top young fintech investors, and Todays Magazine ranked him sixth on the Powerful Iranian-Americans in Silicon Valley List. Jason Kong was named to the Forbes 30 Under 30 Venture Capital List.
IVP has 21 investors focused on identifying later-stage growth companies in the consumer and enterprise sectors. IVP is one
LINK: | https://www.ivp.com/news/press-release/ivp-2020-in-review-ten-new-inve... |
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