Venture capital fundraising remained sluggish in the second quarter with a small handful of funds once again gathering a lion’s share of the money in a consolidating industry.

Late stage investor Institutional Venture Partners, an investor in Twitter and Dropbox, raised $1 billion for IVP XIV, its largest fund to date.

Venture capitalists may have to turn back to M&A in order to rack up big returns for LPs. Which tech industry verticals will fare best, based on history?

Marker, Rick Scanlon’s new fund, is leading a $27 million Series E round in Yext, the company that syncs business listings to a group of publishers. Sutter Hill Ventures, Institutional Venture Partners (IVP), and WGI Group, all existing investors, and Crunchfund, also participated in the round. PRESS RELEASE: Yext Secures $27M In Funding From Leading [...]

Online travel site Hipmunk announced on its blog today that it has raised $15 million in Series B funding. The round was led by  Institutional Venture Partners and includes Series A investor Ignition Partners. Hipmunk was founded in September 2010 by Adam Goldstein and Steve Huffman, founder of reddit, (which was acquired by Conde Nast in [...]

Salesforce.com finds a buddy in Buddy Media–and VCs chalk up some mega-returns as part of the cash & stock deal.

MobileIron, a provider of mobile IT security and management for apps, content, and devices has secured a $40 million series E mezzanine financing round. The investment was led by Institutional Venture Partners which joined existing investors Foundation Capital, Norwest Venture Partners, Sequoia Capital and Storm Ventures. The round brings MobileIron’s total funding to $97 million. [...]

The VC with a string of smash-hit investments is about to close its biggest fund ever.

Eucalyptus Systems, a cloud computing platform designer, has completed an oversubscribed $30 million Series C round of funding led by Institutional Venture Partners. Existing investors, including Benchmark Capital, BV Capital and New Enterprise Associates also joined the round. Eucalyptus has raised a total of $55.5 million to date. PRESS RELEASE Eucalyptus Systems, creator of the [...]

Depending on when private equity and venture capital firms made investments in the college textbook publishing space, they’re either hitting the books, or getting hit by them.