MENLO PARK, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/GrowthEquity?src=hash” target=”_blank”gt;#GrowthEquitylt;/agt;–IVP, a premier later-stage venture capital and growth equity firm, is
pleased to announce that it has promoted Tom Loverro to General Partner.
The promotion recognizes Tom’s contributions to IVP and highlights the
firm’s continued momentum in strengthening its investment team. Mr.
Loverro joins Somesh Dash, Steve Harrick, Jules Maltz, Sandy Miller,
Eric Liaw, and Dennis Phelps as the seventh General Partner of the firm.
Tom Loverro joined IVP in April 2015. He focuses on investing in
later-stage, high-growth consumer and enterprise companies. Tom
currently serves as a Board Director or Observer for Coinbase,
HashiCorp, NerdWallet, and Podium. He was actively involved in sourcing,
executing, and managing investments in Amplitude, Datadog, GitHub
(MSFT), IEX, OnDeck (ONDK), and Tanium.
“Tom is a leader within our firm and the venture community. He has built
strong CEO relationships and demonstrated a track record of investment
success,” said Jules Maltz, General Partner at IVP. “He will play a big
role in the future of IVP and we are thrilled to announce his promotion.”
“I first worked with Tom at GitHub four years ago. We stayed in close
touch and when it was time to raise our growth round for HashiCorp, I
picked up the phone and called Tom,” said Dave McJannet, CEO of
HashiCorp. “He is an exceptionally high conviction investor, moves
swiftly, and is dedicated to helping build out our team to realize our
massive opportunity. We look forward to continuing to work with Tom and
IVP in the years ahead.”
“I’ve really enjoyed working with Tom over the past few years. He is
always happy to put in the work and this has been a major factor in
Coinbase’s success. He is thoughtful, measured, humble, and never pushy.
I’m grateful to have him as an investor,” said Brian Armstrong, CEO &
Co-Founder of Coinbase.
“IVP partners with exceptional entrepreneurs who are working to build
the next generation of market leaders like AppDynamics, Coinbase,
Dropbox, GitHub, Glossier, HashiCorp, LegalZoom, Slack, Snap, and
Twitter,” said Tom Loverro. “It is a pleasure and honor to work with my
colleagues at IVP and the management teams of our portfolio companies.
I’m incredibly excited about the opportunity to make later-stage
investments for years to come.“
Prior to IVP, Tom was a Principal at RRE Ventures, a leading early-stage
venture firm, based in New York. Tom began his career at Goldman Sachs &
Co. 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. Tom was recognized by
Forbes Magazine as one of venture capital’s up-and-comers by his
inclusion in the 2019 Midas Brink List.
IVP is currently investing IVP XVI, a $1.5 billion later-stage venture
capital and growth equity fund, and manages $7 billion in committed
capital. IVP remains committed to its focused strategy of supporting
innovation at the growth stage and partnering closely with exceptional
management teams throughout the United States. Since its inception in
1980, IVP has invested in over 400 companies and 109 have gone public.
IVP is typically a lead investor in later-stage rounds with equity
investments ranging from $10 to $100 million.
With $7 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 400 companies with 109
IPOs. IVP is one of the top-performing firms in the industry and has a
38-year IRR of 43.1%. IVP specializes in venture growth investments,
industry rollups, founder liquidity transactions, and select public
market investments. IVP investments include such notable companies as
AppDynamics (CSCO), Casper, Coinbase, Compass, CrowdStrike, Datalogix
(ORCL), Discord, Dropbox (DBX), Fleetmatics (VZ), GitHub (MSFT),
Glossier, Grammarly, HashiCorp, HomeAway (EXPE), The Honest Company,
Kayak (PCLN), Klarna, LegalZoom, Marketo (MKTO), Mindbody (MB), MuleSoft
(CRM), Netflix (NFLX), Personal Capital, Pure Storage (PSTG), Rubrik,
Slack, Snap (SNAP), SoFi, Supercell (SFTBF), Tanium, TransferWise,
Twitter (TWTR), UiPath, Yext (YEXT), ZenDesk (ZEN), ZipRecruiter, and
Zynga (ZNGA). For more information, visit www.ivp.com
or follow IVP on Twitter: @ivp.