IVP, a premier later-stage venture capital and growth equity firm, is pleased to announce that Eric Liaw and Tom Loverro have been named to the 2020 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.
“It’s an exciting time to invest in later-stage software companies,” said Eric Liaw. “Companies are targeting hundreds of millions of users in ever larger global markets, allowing them to grow faster than ever and generate significant revenue within a very short timeframe. The acceleration of digital transformation drives a massive opportunity for our current and future portfolio companies. It is an honor to work with many talented entrepreneurs and partner with them to create the market leaders of the future.”
“IVP invests in the fastest-growing technology companies and software is the majority of what we do,” added Tom Loverro. “We partner with exceptional management teams to build software companies of consequence.”
IVP manages $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 CrowdStrike, Datadog, GitHub, Glossier, Grammarly, HashiCorp, Hopin, Klarna, MuleSoft, Slack, Snap, Supercell, TransferWise, 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 Eric Liaw
Eric joined IVP in 2011. 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, IEX, Lulus, MasterClass, NextRoll, Supermetrics, and ZipRecruiter and led IVP’s investments
Tottenham Hotspur and England center back Eric Dier wants to be clear, the startup might be his side-project, but he is still a key player.
“I am involved in every aspect,” he tells me, more than once.
Dier is sat across a big wooden table at his home in North London with the startup’s other two founders; his brother Patrick and long-time friend Zoe Connick.
Their creation is the app Spotlas, which is something between Instagram and Trip Advisor; a recommendation sharing social network where users can follow friends, family and influencers to see their favourite ‘spots’.
The trio is the app’s executive team and its engine-room, their weekly meetings are where the big decisions are made.
Although Connick and Patrick work on Spotlas full time and it is Dier’s side hustle, the job he does when he’s not manning the heart of the Tottenham Hotspur or England defense, his influence on its direction is equal.
“A key thing for [Eric] is people’s perception often with these things is that; ‘it’s a [soccer player] they’re just like throwing money at it’ or ‘they’re not actually involved.’ Whereas with him [there is] a lot of brain time put into it,” explains Patrick.
“All the ideas, all the designs, are fully discussed between the three of us. Even like management problems, the three of us we deal with it together.”
The pitch to Dier
The trio embarked on the business venture two years ago, inspired by an experience Connick had in her final year at university in Birmingham.
Just before she left the city a close friend took her to a restaurant she