On 2024-03-19, IVP announced the launch of its 18th fund, raising $1.6 billion to support breakout technology companies at a time considered intense and promising for the industry. This fund aims to partner with ambitious founders, with IVP expressing excitement about working with companies such as Amplitude, Coinbase, Datadog, GitHub, Hashicorp, and NerdWallet. The move signifies an intentional shift in strategy towards more private investment rounds for infrastructure, with a focus on backing founders and teams through direct checks.