Later-stage venture capital and growth equity firm Institutional Venture Partners has announced IVP XIV, a $1 billion fund (the fourteenth and largest fund to date for IVP). IVP plans to invest $10 million to $100 million in 10 to 12 companies a year with the new fund. XIV's predecessor closed on $750 million in 2010 and invested in companies including LivingSocial, Kayak.com and Dropbox.
