That's a big deal for a company that's invested in ComScore, Dropbox, Juniper Networks, MySQL, Netflix, Polycom, Seagate and Twitter.
IVP focuses on later-stage investments and growth equity, and has invested in some 300 companies over the years. (Ninety have gone public.) The new fund raises its total capital outlay to $4 billion.
The firm plans to invest $10 to $100 million in 10 to 12 companies each year, with a goal to assist entrepreneurs in scaling their operations rapidly, refining business strategies and recruiting executives. It will invest in its usual three sectors: Enterprise IT, mobile & communications, and Internet & digital media.
The company has seen considerable success in the enterprise space, with stakes in Agile Software, ArcSight, Exabyte, Omniture, SuccessFactors and Sequent Computer Systems; it will be interesting to see where it looks next.