Snapchat backer IVP raises $1.4 billion for latest venture fund

By Sarah McBride SAN FRANCISCO (Reuters) - Late-stage venture firm Institutional Venture Partners said on Thursday it had raised $1.4 billion for its latest fund, IVP XV, showing continued investor appetite for late-stage private companies even as the public-market's appetite seems to be flagging. The fund marks a considerable boost over the $1 billion (0.66 billion pounds) IVP XIV raised in 2012, and to some extent reflects the growing tendency of late-stage startups to delay tapping publi