Menlo Park, CA, January 17, 2017 – IVP, a premier later-stage venture capital and growth equity firm, is pleased to announce that it has promoted Tom Loverro to Principal. This promotion recognizes Tom’s contributions to IVP and highlights the firm’s continued momentum in strengthening its investment team.
“Tom has been incredibly productive and has produced fantastic results for IVP,” said Sandy Miller, General Partner at IVP. “He is an integral part of our investment team, and we are thrilled to announce his promotion.”
Tom Loverro joined IVP in April 2015 and focuses on investing in later-stage, high-growth consumer and enterprise companies. Tom currently serves on the Board of Directors of NerdWallet and actively works with IVP’s investments in Giphy, GitHub, OnDeck (ONDK), and Tanium.
“IVP seeks to identify and back fast growing later-stage companies and management teams,” said Tom Loverro. “I’m thrilled to be part of this incredible team, and it is an honor to partner with so many dynamic entrepreneurs.”
Prior to joining IVP, Tom was a Principal at RRE Ventures, a leading early stage venture firm, where he led or co-led investments in Avant, Base, Braintree (PYPL), Bread Finance, CollectiveHealth, CoverHound, and NerdWallet, and was a Board Observer at OnDeck (ONDK). Tom began his career at Goldman Sachs in technology, media, and telecommunications investment banking. Following Goldman, he joined RRE as an Analyst. Tom’s involvement in RRE portfolio company Drobo led to him joining the company full-time where he led Marketing. Tom holds an M.B.A. from the Kellogg School of Management, where he was an Austin Scholar, and a B.A. from Stanford University, where he graduated with Distinction.
IVP is one of the top performing firms in the venture capital industry with a 36-year IRR of 43.2%. IVP is currently investing IVP XV, a $1.4 billion later-stage venture capital and growth equity fund, and manages $5.4 billion in committed capital. As an investor in innovative enterprise and consumer companies, such as AppDynamics, Domo, Dropbox, The Honest Company, Slack, Snap, Supercell, and Twitter, IVP remains committed to its focused strategy of supporting innovation at the growth stage and partnering closely with exceptional management teams. IVP typically serves as a lead investor in later-stage rounds with equity investments ranging from $10 to $100 million.
With $5.4 billion of committed capital, IVP is one of the premier later-stage venture capital and growth equity firms in the United States. Founded in 1980, IVP has invested in over 300 companies, 103 of which have gone public. IVP is one of the top-performing firms in the industry and has a 36-year IRR of 43.2%. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. IVP investments include such notable companies as AppDynamics, ArcSight (HPQ), Business Insider (Axel Springer), Buddy Media (CRM), ComScore (SCOR), Datalogix (ORCL), Domo, Dropbox, Dropcam (GOOG), Fleetmatics (FLTX), GitHub, HomeAway (AWAY), The Honest Company, Kayak (PCLN), Klarna, LegalZoom, LifeLock (LOCK), Marketo (MKTO), MySQL (ORCL), Netflix (NFLX), Omniture (ADBE), OnDeck (ONDK), Pure Storage (PSTG), Shazam, Slack, Snap, SoFi, SoundCloud, Supercell (SoftBank), Synchronoss (SNCR), Tanium, Twitter (TWTR), and Zynga (ZNGA). For more information, visit www.ivp.com or follow IVP on Twitter: @ivp.