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IVP

North America, California, United States, Menlo Park

Description

IVP, or Institutional Venture Partners, is a distinguished later-stage venture capital and growth equity firm based in Menlo Park, California. Established in 1980, IVP has built a formidable reputation over more than four decades as a leading investor in high-growth technology companies. The firm specializes in providing capital for Series B, C, and later rounds, targeting companies that have already demonstrated significant traction and product-market fit. Their strategic focus spans a wide array of sectors within technology, including enterprise software, consumer internet, fintech, and cybersecurity.

The firm's investment philosophy centers on identifying and partnering with exceptional management teams building category-defining businesses. IVP is renowned for its disciplined approach to identifying market leaders and providing not just capital, but also strategic guidance, operational expertise, and access to an extensive network. This hands-on partnership model has contributed to a remarkable track record, with over 130 IVP-backed companies having successfully completed an IPO or strategic acquisition, including notable names like Twitter, Snap, Dropbox, and Coinbase.

With a substantial capital base, IVP has raised over $10 billion across its various funds, enabling it to make significant commitments to its portfolio companies. Their most recent fund, IVP XVIII, closed in 2023 with $1.6 billion in commitments, underscoring their continued capacity for substantial investments. IVP typically makes initial investments ranging from $10 million to $150 million, demonstrating their flexibility to lead or co-lead large growth rounds. The firm's enduring presence and consistent performance solidify its position as a key player in the global venture capital ecosystem, driving innovation and growth across the technology landscape.

Investor Profile

IVP has backed more than 403 startups, with 17 new investments in the last 12 months alone. The firm has led 157 rounds, about 39% of its total and boasts 132 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series C, Series B, Series D rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Germany.
  • Strong thematic focus on Software, SaaS, Enterprise Software.
  • Led 11 rounds in the past year.
  • Typical check size: $10M – $150M.

Stage Focus

  • Series C (22%)
  • Series B (20%)
  • Series D (19%)
  • Series Unknown (13%)
  • Series E (12%)
  • Series F (5%)
  • Series A (4%)
  • Private Equity (2%)
  • Post Ipo Equity (2%)

Country Focus

  • United States (90%)
  • United Kingdom (2%)
  • Germany (1%)
  • Finland (1%)
  • France (1%)

Industry Focus

  • Software
  • Saas
  • Enterprise Software
  • Analytics
  • Information Technology
  • Artificial Intelligence (Ai)
  • Internet
  • Mobile
  • Fintech
  • Health Care
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does IVP frequently co-invest with?

Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 43
Kleiner Perkins
North America, California, United States, Menlo Park
Co-Investments: 36
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 24
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 28
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 28
Index Ventures
North America, California, United States, San Francisco
Co-Investments: 24
Accel
North America, California, United States, Palo Alto
Co-Investments: 32
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 24
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 28
Greylock
North America, California, United States, Menlo Park
Co-Investments: 24

Which angels does IVP often collaborate with?

SB
North America, California, United States
Shared Deals: 2
PT
North America, California, United States, San Francisco
Shared Deals: 2
LG
North America, California, United States, San Francisco
Shared Deals: 3
SB
North America, California, United States, Los Angeles
Shared Deals: 2
AO
North America, California, United States, San Francisco
Shared Deals: 3
HS
North America, New York, United States, Brooklyn
Shared Deals: 2
David Spector
North America, California, United States, San Francisco
Shared Deals: 2
JB
North America, Washington, United States, Seattle
Shared Deals: 3
JK
North America, New York, United States, New York
Shared Deals: 3
EG
North America, California, United States, San Francisco
Shared Deals: 5

What are some of recent deals done by IVP?

Perplexity

San Francisco, California, United States

Perplexity is an AI-powered answer engine designed to provide accurate, real-time responses to user queries.

Artificial Intelligence (AI)ChatbotGenerative AIMachine LearningNatural Language ProcessingSearch Engine
Series UnknownJul 18, 2025
Amount Raised: $100,000,000
Tennr

New York, New York, United States

Tennr is a healthcare AI startup that provides an automation platform for medical documents.

Artificial Intelligence (AI)Health CareMedicalSoftware
Series CJun 18, 2025
Amount Raised: $101,000,000
Laurel

San Francisco, California, United States

Laurel automates timesheet management for legal and accounting firms using AI.

Artificial Intelligence (AI)LegalMachine LearningProfessional ServicesSaaSSoftware
Series CJun 10, 2025
Amount Raised: $80,000,000
Glean

Palo Alto, California, United States

Glean develops an AI-based search engine software that connects enterprise data and generates answers to improve workplace efficiency.

Artificial Intelligence (AI)Enterprise SoftwareGenerative AIMachine LearningSearch Engine
Series FJun 10, 2025
Amount Raised: $150,000,000
ClickHouse

Palo Alto, California, United States

ClickHouse provides an open-source database system for real-time analytical reporting.

AnalyticsArtificial Intelligence (AI)Big DataDatabaseSoftware
Series CMay 29, 2025
Amount Raised: $350,000,000
Chainguard

Kirkland, Washington, United States

Chainguard is a cloud-native development platform that provides low-to-zero CVE container images for building and running applications.

Cloud SecurityDeveloper ToolsEnterprise SoftwareOpen SourceSecurity
Series DApr 23, 2025
Amount Raised: $356,000,000
Lumafield

Cambridge, Massachusetts, United States

Lumafield develops industrial computed tomography (CT) solutions for non-destructive testing and inspection for engineers.

HardwareManufacturingMedical DeviceSoftware
Series CMar 13, 2025
Amount Raised: $75,000,000
Baseten

San Francisco, California, United States

Baseten is an AI infrastructure company that integrates machine learning into business operations, production, and processes.

Artificial Intelligence (AI)Developer ToolsMachine LearningSoftwareSoftware Engineering
Series CFeb 19, 2025
Amount Raised: $75,000,000
Abridge

Pittsburgh, Pennsylvania, United States

Abridge is an AI-driven platform that transforms patient-clinician conversations into structured clinical notes for healthcare industries.

Artificial Intelligence (AI)Electronic Health Record (EHR)Enterprise SoftwareGenerative AIHealth CareIntelligent SystemsMachine LearningMedicalNatural Language ProcessingSaaS
Series DFeb 17, 2025
Amount Raised: $250,000,000
Perplexity

San Francisco, California, United States

Perplexity is an AI-powered answer engine designed to provide accurate, real-time responses to user queries.

Artificial Intelligence (AI)ChatbotGenerative AIMachine LearningNatural Language ProcessingSearch Engine
Series DDec 18, 2024
Amount Raised: $500,000,000