Menlo Park, Calif. – May 5, 2015 – Institutional Venture Partners (IVP), a later-stage venture capital and growth equity firm, is pleased to announce a new addition to its investment team. Thomas Loverro joins IVP as a Vice President and will focus on investing in later-stage, high-growth consumer and enterprise companies.
“Tom’s experience working with companies in the enterprise, financial technology, and consumer markets will extend our reach in these verticals,” said Eric Liaw, General Partner. “Tom is an experienced and successful investor who will complement our team perfectly and we are delighted to welcome him to our firm.”
Tom was previously a Principal at RRE Ventures, a leading early stage venture firm, where he worked on investments in Avant, Base, CollectiveHealth, CoverHound, OnDeck (ONDK), and Trumaker among others. Tom began his career at Goldman Sachs & Co., where he advised technology, media, and telecommunications clients on M&A and corporate finance. 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 took responsibility for the company’s marketing. He rejoined RRE following his M.B.A. 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 34-year IRR of 43.2%. Most recently, Forbes named IVP as one of the Top 5 Venture Capital Firms with the most exits on the 2015 Midas List.
IVP recently raised IVP XV, a $1.4 billion later-stage venture capital and growth equity fund, and manages $5.4 billion in committed capital. The firm has backed many well known consumer companies such as HomeAway, Kayak, LegalZoom, LifeLock, Netflix, Prosper, Shazam, Snapchat, SoundCloud, Supercell, The Honest Company, and Twitter. Successful enterprise investments include AppDynamics, ArcSight, ComScore, Datalogix, Domo, Dropbox, Fleetmatics, Marketo, MySQL, Omniture, OnDeck, Pure Storage, Slack, and Zenefits.
IVP remains committed to its focused strategy of supporting rapidly-growing technology and media companies and partnering closely with exceptional management teams. IVP is typically a lead investor and commits $10-100 million in invested capital per company.
About Institutional Venture Partners (IVP)
With $5.4 billion of committed capital, Institutional Venture Partners (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 and 101 have gone public. IVP is one of the top-performing firms in the industry and has a 34-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), Buddy Media (CRM), ComScore, Datalogix (ORCL), Domo, Dropbox, Dropcam (GOOG), Fleetmatics (FLTX), HomeAway (AWAY), Kayak (PCLN), LegalZoom, LifeLock (LOCK), Marketo (MKTO), MySQL (ORCL), Netflix (NFLX), Omniture (ADBE), OnDeck (ONDK), Prosper, Pure Storage, RetailMeNot (SALE), Shazam, Slack, Snapchat, SoundCloud, Supercell, Synchronoss (SNCR), The Honest Company, Twitter (TWTR), Zenefits, and Zynga (ZNGA). For more information, visit https://www.ivp.com or follow IVP on Twitter: @ivp.