FPV Ventures

FPV Ventures is a prominent San Francisco-based venture capital firm established in 2021 by a team of experienced investors, including former Google Ventures (GV) partners Wesley Chan and Connie Chan, alongside Peggy Liang. The firm quickly made its mark by successfully closing its inaugural fund, FPV Ventures Fund I, L.P., at a significant $450 million in 2022. This substantial capital base positions FPV Ventures to make meaningful investments across various stages of company growth.

The firm employs a flexible, stage-agnostic investment strategy, indicating a willingness to partner with promising companies from their earliest seed stages through to more mature growth rounds. While their mandate covers the full spectrum, FPV Ventures has identified Series A and Series B rounds as their "sweet spot," where they frequently take on lead or co-lead investor roles. Their investment focus spans a diverse range of sectors, including artificial intelligence, developer tools, fintech, consumer applications, and healthcare, reflecting the broad expertise of its founding partners.

FPV Ventures is known for its commitment to deep partnerships and providing hands-on support to its portfolio companies, aiming to help them navigate challenges and accelerate their scaling efforts. The firm's typical first check sizes demonstrate this wide-ranging approach, with investments potentially starting as low as $1 million for seed-stage companies. For later-stage opportunities, particularly in growth rounds, their investment capacity extends significantly, reaching up to $75 million. This flexibility allows FPV Ventures to tailor its capital deployment to the specific needs and growth trajectories of the companies it backs, with an aim to make 15-20 investments from its first fund.