China · Investor

IPV Capital

Last cheque observed Sep 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $73M, Aug 2022VC firm

SeedSeries ASeries BSemiconductorsComputeCommunications

Cheques on record
0%of best year0cheques in 12 months, 12 on record
Since the last cheque2610days00hrs00min00sec
Median round$1.5MRounds led0 of 12Sole investor2 roundsMostly inUnited States, 50%
Pitch IPV Capital

IPV Capital highlights

  1. 01

    12 rounds on record

  2. 02

    Mostly Series B and Series A: 64% of its rounds

  3. 03

    Sole investor in 2 rounds, median $2.8M

What they do

lead investor in over 50% of the most valuable startup semiconductor design IPOs globally over the last decadeFrom their own website
Type
VC firm (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowth
Sectors
SemiconductorsComputeCommunications
Based in
Shanghai, China
Cold pitches
Not stated

The record

Every round we can evidence, newest first12 appearances

  1. 2019

    1 round

  2. Sept
    FitsoIN · Crazyaboutstartups$1.5MWith 4 others
  3. 2014

    5 rounds

  4. Nov
    V-KeySeries B · US$12MWith 1 other
  5. Feb
    AbloomySeries A · CN$3.0MWith 1 other
  6. Jan
    VobileSeries C · US$9.0MWith 2 others
  7. Jan
    AmpriusSeries C · US$30MWith 6 others
  8. Jan
    Tactus TechnologySeries B · US$14MWith 3 others
  9. 2013

    2 rounds

  10. Nov
    GenapsysSeries B · US · finsmes.com$37MWith 2 others
  11. Sept
    TradeHeroSeries A · SG · techcrunch.com$10MWith 2 others
  12. 2012

    1 round

  13. Sept
    V-KeySeries A · US · finance.yahoo.com$4.0MSole investor
  14. 2010

    2 rounds

  15. Jan
    iSoftStoneSeries C · CNUndisclosedWith 4 others
  16. Jan
    Brite SemiconductorSeries B · CN$16MWith 3 others
  17. 2004

    1 round

  18. Jan
    iSoftStoneVenture · CN$1.5MSole investor

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 registration5 named

BKBanh KwongManaging MemberiFiling they signed
DBDavid BrittsManaging MemberiFiling they signed
FLFang LiManaging MemberiFiling they signed
TETerence Eng TanPromoteriFiling they signed
TLTingru LiuPromoteriFiling they signed

We also hold 11 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

$127Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
IPV Management Services, LTD.
SEC number
CRD 162479

What they claim to have backed

From their own portfolio page (on their website)

2 of 11 we have independently watched raise

AmpriusIsoftstoneBritesemiC212Design-reuseGrandMetalsQ TechSenodiaStar Marketits Tuesday announcementwere finding that

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.

Who they invest alongside

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

Quick answers about IPV Capital

What does IPV Capital invest in?

IPV Capital invests most often at Series B and Series A (64% of the rounds on record), in sectors such as Semiconductors, Compute and Communications.

How active is IPV Capital?

12 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2019.

What has IPV Capital invested in recently?

Its most recent investments on record: Fitso (Undisclosed round, Sept 2019).

How big are IPV Capital's cheques?

The median round it joins is $1.5M.

Does IPV Capital lead rounds?

Rarely, if at all: none of its 12 investments on record names it as the lead.

Where does IPV Capital invest?

Most of the companies it backs are in the United States (50%), China (33%) and India (8%).

Is IPV Capital investing now?

No investments in the last 12 months; the latest was in Sept 2019.

Who does IPV Capital invest alongside?

Most often Kleiner Perkins Caufield & Byers (2 rounds together).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it