# FPV Ventures: portfolio, investments and team

> FPV Ventures is a vc firm based in United States. 44 investments on record, 15 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/fpv-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# FPV Ventures

Last cheque observed Sep 2026; 44 cheques on record.

Email

Deploying now VC firm

Series A Series B Seed Venture Capital & Private Equity

Follow FPV Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffpv-ventures)

Deploying now

**71%** of best year **15** **cheques in 12 months**, 44 on record

Since the last cheque **60** days **00** hrs **00** min **00** sec

Median round **$28M** Rounds led **2 of 44** Mostly in **United States, 87%**

Pitch FPV Ventures

## FPV Ventures highlights

- 01 15 cheques in the last 12 months
- 02 Mostly Series A and Series B: 61% of its rounds
- 03 Led 2 rounds

## What they do

> Weʼre investors working with mission-driven founders. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Venture Capital & Private Equity
- **Based in:** Daly City, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **44 appearances**

- **2026** 14 rounds
- **Sept** **[Enveda](https://millionrounds.com/company/enveda)** Series E · US **$311M** With 3 others
- **Sept** **[Piston](https://millionrounds.com/company/piston)** Series A · FR **$15M** With 3 others
- **Aug** **[Integrate](https://millionrounds.com/company/integrate)** Debt · US **$6.0M** With 3 others
- **Jul** **[Edera](https://millionrounds.com/company/edera)** Venture · US **$6.4M** With 4 others
- **May** **[Reactor](https://millionrounds.com/company/reactor)** Series A · Ventureburn **$59M** With 5 others
- **May** **[Origin Lab](https://millionrounds.com/company/origin-lab)** Seed · US · TechCrunch **$8.0M** With 6 others
- **Apr** **[Cognichip](https://millionrounds.com/company/cognichip)** Series A · TechCrunch **$60M** With 5 others
- **Mar** **[Translucent](https://millionrounds.com/company/translucent)** Series A · US · AlleyWatch **$27M** With 3 others
- **Mar** **[Anterior](https://millionrounds.com/company/anterior)** Series B · US · AlleyWatch **$40M** With 4 others
- **Feb** **[Yendo](https://millionrounds.com/company/yendo)** Debt · US · Ventureburn **$200M** With 5 others
- **Feb** **[Onshore](https://millionrounds.com/company/onshore)** Series B · US · Ventureburn **$31M** *Led*
- **Feb** **[Integrate](https://millionrounds.com/company/integrate)** Series A · US · TechCrunch **$17M** *Led*
- **Feb** **[Meridian](https://millionrounds.com/company/meridian)** Seed · US · TechCrunch **$17M** With 4 others
- **Jan** **[Railway](https://millionrounds.com/company/railway)** Series B · US · Unusual Ventures **$100M** With 4 others
- **2025** 15 rounds
- **Nov** **[Aily Labs](https://millionrounds.com/company/aily-labs)** Series B · DE **$80M** With 2 others
- **Oct** **[Viven](https://millionrounds.com/company/viven)** Seed · US · TechCrunch **$35M** With 3 others
- **Oct** **[Oneleet](https://millionrounds.com/company/oneleet)** Series A · NL · Silicon Canals **$33M** With 4 others
- **Oct** **[Dedalus Labs](https://millionrounds.com/company/dedalus-labs)** Seed · US **$11M** With 5 others
- **Oct** **[Manifold Bio](https://millionrounds.com/company/manifold-bio)** Grant · US **$1.0M** With 3 others
- **Oct** **[Oath Surgical](https://millionrounds.com/company/oath-surgical)** Series A · US **$24M** With 2 others
- **Oct** **[Yendo](https://millionrounds.com/company/yendo)** Series B · US **$50M** With 4 others
- **Sept** **[Enveda](https://millionrounds.com/company/enveda)** Series D · US **$150M** With 4 others
- **Aug** **[XOPS](https://millionrounds.com/company/xops)** Seed · US **$40M** With 1 other
- **Aug** **[Strand Therapeutics](https://millionrounds.com/company/strand-therapeutics)** Series B · US **$153M** With 6 others
- **Jun** **[Aibidia](https://millionrounds.com/company/aibidia)** Series B · FI **$28M** With 3 others
- **May** **[Monarch Money](https://millionrounds.com/company/monarch-money)** Series B · US **$75M** With 3 others
- **May** **[Cognichip](https://millionrounds.com/company/cognichip)** Seed · US **$33M** With 2 others
- **Apr** **[Xilis](https://millionrounds.com/company/xilis)** Venture · US **$19M** With 5 others
- **Feb** **[Edera](https://millionrounds.com/company/edera)** Series A · US **$15M** With 4 others
- **2024** 10 rounds
- **Oct** **[Galileo](https://millionrounds.com/company/galileo)** Series B · US **$45M** With 2 others
- **Oct** **[Speakeasy](https://millionrounds.com/company/speakeasy)** Series A · US **$15M** With 3 others
- **Oct** **[LatticeFlow](https://millionrounds.com/company/latticeflow)** Grant · CH **$3.0M** With 3 others
- **Jul** **[Vectara](https://millionrounds.com/company/vectara)** Series A · US **$25M** With 3 others
- **Jul** **[Credo AI](https://millionrounds.com/company/credo-ai)** Series B · US **$21M** With 2 others
- **Jun** **[Formation Bio](https://millionrounds.com/company/formation-bio)** Series D · US **$372M** With 6 others
- **May** **[Astra](https://millionrounds.com/company/astra)** Venture · US **Undisclosed** With 5 others
- **Apr** **[HumanX](https://millionrounds.com/company/humanx)** Pre-seed · US **$6.0M** With 3 others
- **Jan** **[Reken](https://millionrounds.com/company/reken)** Seed · US **$10M** With 5 others
- **Jan** **[Flexport](https://millionrounds.com/company/flexport)** US **$260M** With 6 others
- **2023** 2 rounds
- **Oct** **[Charlie](https://millionrounds.com/company/charlie)** Series A · US **$16M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

PE **Pegah Ebrahimi** Managing Member i Form ADV

WT **Wesley T Chan** Managing Member i Form ADV

We also hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$1.1B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** FPV Management, LLC
- **SEC number:** CRD 321785

## What they claim to have backed

From their own portfolio page (on their website)

**19** of 28 we have independently watched raise

[Aibidia](https://millionrounds.com/company/aibidia)[Canva](https://millionrounds.com/company/canva)[Cognichip](https://millionrounds.com/company/cognichip)[Credo](https://millionrounds.com/company/credo-ai)[Databricks](https://millionrounds.com/company/databricks)[Fablefood](https://millionrounds.com/company/fable-food)[Flexport](https://millionrounds.com/company/flexport)[Latticeflow](https://millionrounds.com/company/latticeflow)[Monarchmoney](https://millionrounds.com/company/monarch-money)[Oneleet](https://millionrounds.com/company/oneleet)[Onshore](https://millionrounds.com/company/onshore)[Psiquantum](https://millionrounds.com/company/psiquantum)[Railway](https://millionrounds.com/company/railway)[Reken](https://millionrounds.com/company/reken)[Rembrand](https://millionrounds.com/company/rembrand)[Tarohealth](https://millionrounds.com/company/taro-health)[Yendo](https://millionrounds.com/company/yendo)[manifold.bio](https://millionrounds.com/company/manifold-bio)[reactor.inc](https://millionrounds.com/company/reactor-inc) Charlie Envedabio Piston Rungalileo Speakeasy X1creditcard astra.finance edera.dev formation.bio

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Series A Series B Seed

Median round joined **$28M** the round, not its cheque

Led 2 of 44 rounds **5%**

- **Sole investor:** Never alone
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Series A *12*
- Series B *11*
- Seed *7*
- Venture *4*
- Series D *2*
- Grant *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [SV Angel](https://millionrounds.com/fund/sv-angel) 5
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 5
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 4
- [Lux Capital](https://millionrounds.com/fund/lux-capital) 4
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 3
- [Catalio Capital Management](https://millionrounds.com/fund/catalio-capital-management) 3

**Pitching FPV Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as FPV Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**SV Angel** VC firm **5** rounds together](https://millionrounds.com/fund/sv-angel)[**Y Combinator** Accelerator **5** rounds together](https://millionrounds.com/fund/y-combinator)[**Andreessen Horowitz** VC firm **4** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Lux Capital** VC firm **4** rounds together](https://millionrounds.com/fund/lux-capital)[**Alumni Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Catalio Capital Management** VC firm **3** rounds together](https://millionrounds.com/fund/catalio-capital-management)[**Felicis** VC firm **3** rounds together](https://millionrounds.com/fund/felicis-ventures)[**Lightspeed Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Spark Capital** VC firm **3** rounds together](https://millionrounds.com/fund/spark-capital)[**Village Global** VC firm **3** rounds together](https://millionrounds.com/fund/village-global-2)[**645 Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/645-ventures)[**8VC** VC firm **2** rounds together](https://millionrounds.com/fund/8vc)

## Recently backed

The latest companies FPV Ventures put money into.

[**Enveda** $311M · Sept 2026](https://millionrounds.com/company/enveda)[**Piston** $15M · Sept 2026](https://millionrounds.com/company/piston)[**Edera** $6.4M · Jul 2026](https://millionrounds.com/company/edera)[**Origin Lab** $8.0M · May 2026](https://millionrounds.com/company/origin-lab)[**Cognichip** $60M · Apr 2026](https://millionrounds.com/company/cognichip)[**Translucent** $27M · Mar 2026](https://millionrounds.com/company/translucent)

## Mentioned on podcasts

Episodes that name FPV Ventures in their description, not their title.

- [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 26 Nov 2024 · 16 min Minisode: Building Google & Betting Big: Lessons from Wesley Chan Mentions [Google](https://millionrounds.com/fund/google-assistant-investments)[Wesley Chan](https://millionrounds.com/fund/wesley-chan)[FPV Ventures](https://millionrounds.com/fund/fpv-ventures) *+4* Apple PodcastsShow page
- [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 13 Nov 2024 · 42 min Finding Founders Who Will Change the World with Wesley Chan Mentions [Wesley Chan](https://millionrounds.com/fund/wesley-chan)[FPV Ventures](https://millionrounds.com/fund/fpv-ventures)[Google](https://millionrounds.com/fund/google-assistant-investments) *+2* Apple PodcastsShow page
- [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 22 May 2023 · 44 min 384. Building with a 100-Year Vision, Getting to Conviction in Canva, the Mission-Driven Mindset, and Lessons from the Legend, Bill Campbell (Wes Chan and Pegah Ebrahimi) With [Pegah Ebrahimi](https://millionrounds.com/person/pegah-ebrahimi) Mentions [Bill Campbell](https://millionrounds.com/fund/bill-campbell)[FPV Ventures](https://millionrounds.com/fund/fpv-ventures)[Google](https://millionrounds.com/fund/google-assistant-investments) Apple PodcastsShow page
- [Upfront Ventures](https://millionrounds.com/podcasts/upfront-ventures) 22 Mar 2023 · 27 min VC Market Disruption - How Will This Time Be Different | 2023 Upfront Summit Mentions [FPV Ventures](https://millionrounds.com/fund/fpv-ventures)[Greycroft](https://millionrounds.com/fund/greycroft)[Wesley Chan](https://millionrounds.com/fund/wesley-chan) *+2* Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 22 Aug 2022 · 49 min 20VC: Why Market Always Wins Over the Founder & Why I Do Not Do Market Sizing | Why it is not the Best Time to be Investing but it is the Best Time to Have a Fund & The Type of Deals to do Today | Why The Best Founders Have 100 Year Plans with Wes Chan, C Mentions [Aydin Senkut](https://millionrounds.com/fund/aydin-senkut)[FPV Ventures](https://millionrounds.com/fund/fpv-ventures)[Google](https://millionrounds.com/fund/google-assistant-investments) Apple PodcastsShow page

## Quick answers about FPV Ventures

### What does FPV Ventures invest in?

FPV Ventures invests most often at Series A and Series B (61% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is FPV Ventures?

44 investments on record, 15 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

### What has FPV Ventures invested in recently?

Its most recent investments on record: Enveda (Series E, Sept 2026), Piston (Series A, Sept 2026) and Integrate (Debt, Aug 2026).

### How big are FPV Ventures's cheques?

The median round it joins is $28M.

### Does FPV Ventures lead rounds?

Sometimes: it led 2 of its 44 investments on record (5%).

### Where does FPV Ventures invest?

Most of the companies it backs are in the United States (87%).

### Is FPV Ventures investing now?

Yes: it is actively investing, with 15 investments in the last 12 months.

### Who does FPV Ventures invest alongside?

Most often SV Angel (5 rounds together), Y Combinator (5 rounds together) and Andreessen Horowitz (4 rounds together).

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