IVP Welcomes Veel to the Portfolio

By Todd Chaffee, IVP General Partner

Today, we are announcing that Institutional Venture Partners (IVP) has led a Series B financing in Vessel, an exciting new video service which launched just a few weeks ago. Vessel's current investors, Benchmark, Greylock Partners and Bezos Expeditions, all joined us in the round.

For those who don't know us, IVP is a later stage venture capital and growth equity firm with more than $4 billion in committed capital. We have invested in over 300 companies and 101 of those companies have gone public so far. We are currently investing our 14th fund and have been fortunate to back many great companies such as Dropbox, Domo, HomeAway, Kayak, LegalZoom, LifeLock, Netflix, Shazam, Snapchat, Supercell and Twitter. We believe Vessel has the potential to be as successful as these companies someday.

What is Vessel exactly? In a nutshell, Vessel is a next generation video platform which gives you early access to a vast array of premium, high quality video content via your favorite device (phone, tablet, laptop, desktop and eventually TV). Check out the Vessel service at www.vessel.com or download the Vessel app on your iOS device (Android coming soon), and you will see why we are so excited about the long-term potential of this company.

If you had to back one team to build the world's most advanced and user-friendly video platform, this would be the team. Vessel's founders, Jason Kilar (CEO) and Richard Tom (CTO), are incredibly talented entrepreneurs with a great track record of success. Jason is a visionary media executive who helped Jeff Bezos build Amazon into an e-commerce giant. Then, as the founding CEO of Hulu, Jason worked closely with Rich to turn a promising idea into a highly successful global business. Jason and Rich have assembled an exceptional management team, and they have some of the best video engineers on the planet.

Also, Vessel's existing investors (Benchmark, Greylock and Bezos Expeditions) are some of the best early stage investors in the venture business. We have enormous respect for these three firms, and we have successfully partnered with them on many occasions. It's a privilege to work with such a talented team of executives and investors, and we look forward to helping them build Vessel into a highly valuable and enduring company.

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LINK:	http://www.ivp.com/news/press-release/ivp-welcomes-vessel-to-the-portf...
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