- IVP’s Thomas Loverro has been promoted to General Partner
- Loverro joins Somesh Dash, Steve Harrick, Jules Maltz, Sandy Miller, Eric Liaw, and Dennis Phelps as the 7th General Partner at the VC firm
Later-stage venture capital and growth equity firm IVP announced that it promoted Thomas (Tom) Loverro to General Partner. Loverro is joining Somesh Dash, Steve Harrick, Jules Maltz, Sandy Miller, Eric Liaw, and Dennis Phelps as the seventh General Partner at the VC firm. Loverro joined IVP in April 2015 and has been focused on investing in later-stage / high-growth consumer and enterprise companies.
“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.“
Currently, Loverro is serving as a Board Director or Observer for Coinbase, HashiCorp, NerdWallet, and Podium. And he is actively involved in sourcing, executing, and managing investments in Amplitude, Datadog, GitHub, IEX, OnDeck, and Tanium.
“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.”
Before joining IVP, Loverro as a Principal at RRE Ventures in New York. And Loverro started his career at Goldman Sachs & Co. in technology, media, and telecommunications investment banking. After Goldman, he joined RRE as an analyst. While working at RRE, he became the head of marketing at a portfolio company called Drobo.
“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.
Loverro holds an MBA from the Kellogg School of Management where he became an Austin Scholar. And he has a B.A. from Stanford University where he graduated with Distinction. Forbes Magazine has named Tom as one of venture capital’s up-and-comers with an inclusion in the 2019 Midas Brink List.
“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.”
IVP is currently investing through IVP XVI — which is a $1.5 billion later-stage venture capital and growth equity fund. And the company is managing $7 billion in committed capital.
Ever since IVP launched in 1980, the VC firm has invested in over 400 companies, of which 109 have gone public. IVP’s later-stage investments typically range at between $10 million and $100 million.
