MENLO PARK, Calif.--(BUSINESS WIRE)--IVP, a premier later-stage venture capital and growth equity firm, is pleased to announce that General Partners Steve Harrick, Eric Liaw and Tom Loverro have been named on the 2021 GrowthCap’s Top 25 Software Investors List. The list highlights the most exceptional private capital investors who have demonstrated deep software sector expertise, high leadership acumen, exceptional investment judgment, and consistent professional performance over a sustained period of time.
“When it comes to investing in leading growth-stage software companies, the only constant is change,” said Steve Harrick. “At IVP, we feel honored to be in the position to work with some of the most visionary entrepreneurs in tech – whether they are solving significant enterprise challenges involving cybersecurity or helping a profession like law advance through digitization. Now is an even more exciting time to be a tech investor, and I look forward to meeting and backing the next generation of great entrepreneurs.”
“Despite some initial headwinds at the outset of the pandemic, software companies have flourished tremendously over the last 12 months,” continued Eric Liaw. “Companies of all sizes, in all vertical markets and geographies recognize the existential necessity of digital capabilities. This explosion in end-customer demand allows software companies to grow faster than ever and generate significant revenue within a very short timeframe. We continue to see incredible opportunities for our current and future portfolio companies. Every day, I am energized by the opportunity to talk to talented entrepreneurs and partner with them to create a better future.”
“IVP invests in the fastest-growing technology companies and software is the majority of what we do,” added Tom Loverro. “We are highly selective. We partner with exceptional management teams to build software companies of consequence. There are more high quality, high growth software companies every day and they are growing faster and with better metrics than every generation before it.”
IVP manages $8.7 billion in committed capital and is one of the top-performing firms in the venture capital industry. The firm has backed innovative companies such as Aiven, Amplitude, Attentive, CrowdStrike, Datadog, Discord, GitHub, Grammarly, HashiCorp, Hopin, Klarna, MasterClass, Slack, Snap, Supercell, Wise, Twitter, and UiPath and remains committed to its focused strategy of supporting innovation at the growth stage and partnering closely with exceptional management teams.
About Steve Harrick
Steve Harrick joined IVP in 2001 as a General Partner and has over 20 years of venture capital experience. He focuses on investing in later-stage technology companies with exceptional growth potential. Specifically, Steve targets enterprise infrastructure, security, data analytics and disruptive consumer-focused companies which have the potential to become leaders in their respective markets. He enjoys working closely with committed entrepreneurs to help create businesses that are both respected and revolutionary. Steve led IVP’s investments in Aerohive Networks (HIVE), AlienVault (T), Anomali, AppDynamics (CSCO), Aster Data (TDC), Ayasdi (SAI), Business.com (DEXO), CrowdStrike (CRWD), Cyence (GRWE), eHealth (EHTH), Eucalyptus Systems (HPQ), Harness, LegalZoom (LZ), MarkMonitor (TRI), MySQL (ORCL), Personal Capital (Empower), Productiv, Spiceworks (ZD), Sumo Logic (SUMO), Teros (CTXS), Tripwire (Thoma Bravo), and Yellowbrick Data. He was actively involved in IVP’s investments in ArcSight (HPQ), Buddy Media (CRM), Danger (MSFT), HashiCorp, MuleSoft (CRM), Pure Storage (PSTG), and Yext (YEXT). Steve was recognized by Forbes Magazine as one of the top 100 venture capitalists in the world by his inclusion in the Midas List three times. Before joining IVP, Steve worked for the Internet Capital Group (ICG) as a Vice President of Acquisitions. Prior to ICG, Steve worked for Highland Capital Partners in Boston, Massachusetts. Steve’s experience in venture capital investing on both the East and West Coast allows him to provide valuable guidance to management teams within IVP’s portfolio. Before entering the venture capital industry in 1997, Steve worked in Business Development for Netscape Communications and in Mergers and Acquisitions for Morgan Stanley in New York. Steve earned a BA in History from Yale University, where he was a Varsity wrestler and an MBA from Harvard Business School.
About Eric Liaw
Eric Liaw joined IVP in 2011 and is now a General Partner. He is focused primarily on later-stage investments in high growth companies across a variety of sectors, including enterprise software, Internet, and mobile. Eric serves as a Board Director or Observer for IVP portfolio companies Aiven, App Annie, Deputy, Glossier, The Honest Company (HNST), IEX, Lulus, MasterClass, NextRoll, Supermetrics, WHOOP, and ZipRecruiter (ZIP) and led IVP’s investments in Ajaib, Datadog (DDOG), Dream Games, FightCamp, GitHub (MSFT), Klarna, Robinhood (HOOD), Sorare, and UiPath (PATH). He was actively involved in the firm’s investments in Coinbase (COIN), Cribl, CrowdStrike (CRWD), Curology, Grammarly, Hims & Hers (HIMS), Niantic, Podium, Tala, TaxBit, and Whisper and previously served as a Board Director or Observer for Dropcam (GOOG), MINDBODY (MB), OnDeck (ONDK), RetailMeNot (SALE), Supercell (Tencent), The Players’ Tribune (Minute Media), and Wikia (TPG). The New York Times and CB Insights recognized Eric as one of the top 100 venture capitalists in the world in 2019. Prior to joining IVP, Eric was with TCV where he completed minority and control investments in private and public companies across the Internet and software sectors. Earlier in his career, Eric was a member of Morgan Stanley’s Technology Investment Banking Group. Eric also held technical and marketing positions with Trend Micro and Canon Software Publishing. Eric holds a BA degree in economics and an MS degree in management science and engineering, both from Stanford University.
About Tom Loverro
Tom Loverro joined IVP in 2015 and is currently a General Partner. He focuses on investing in later-stage, high-growth consumer and enterprise companies. Tom currently serves as a Board Director or Observer for Attentive, HashiCorp, NerdWallet, Paper, Podium, Skydio, and TaxBit. He was a Board Observer for Coinbase (COIN) until April 2021. He was actively involved in sourcing, executing, and managing investments in Ajaib, Amplitude (AMPL), Datadog (DDOG), GitHub (MSFT), IEX, OnDeck (ONDK), and Tanium. Forbes Magazine recognized Tom as one of the top 100 venture capitalists in the world by his inclusion in the 2021 Midas List. In 2019, he was recognized as one of venture capital’s up-and-comers by his inclusion in the Forbes Midas Brink List. He began his career at Goldman Sachs & Co. in technology, media, and telecommunications investment banking. Following Goldman, he joined RRE, a leading early-stage venture firm based in New York. Tom’s involvement in RRE portfolio company Drobo led to him joining the company full-time for a period where he led Marketing. Tom holds an MBA degree from the Kellogg School of Management, where he was an Austin Scholar, and a BA degree from Stanford University, where he graduated with distinction.
Founded in 1980, IVP is one of the premier later-stage venture capital and growth equity firms in the United States. IVP has invested in over 400 companies, 126 of which have gone public. IVP is one of the top-performing firms in the industry and has a 40-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 Amplitude (AMPL), AppDynamics (CSCO), Attentive, Brex, Coinbase (COIN), Compass (COMP), CrowdStrike (CRWD), Datadog (DDOG), Discord, Dropbox (DBX), GitHub (MSFT), Glossier, Grammarly, HashiCorp, Hims & Hers (HIMS), Hopin, Klarna, LegalZoom (LZ), Looker (GOOGL), Marketo (MKTO), MasterClass, Mindbody (MB), MuleSoft (CRM), Netflix (NFLX), Niantic, Podium, Robinhood (HOOD), Rubrik, Slack (WORK), Snap (SNAP), Supercell (Tencent), Twitter (TWTR), UiPath (PATH), Wise (WISE), ZipRecruiter (ZIP), and Zynga (ZNGA). For more information, visit www.ivp.com or follow IVP on Twitter: @ivp.