# IPV Capital: portfolio, investments and team > IPV Capital is a vc firm based in China. 12 investments on record, latest Sept 2019. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/ipv-capital (Millionrounds; every figure on the page links to its filing or article) China · [Investor](https://millionrounds.com/investors) # IPV Capital Last cheque observed Sep 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet New fund $73M, Aug 2022 VC firm Seed Series A Series B Semiconductors Compute Communications Follow IPV Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fipv-capital) Cheques on record **0%** of best year **0** **cheques in 12 months**, 12 on record Since the last cheque **2610** days **00** hrs **00** min **00** sec Median round **$1.5M** Rounds led **0 of 12** Sole investor **2 rounds** Mostly in **United States, 50%** Pitch IPV Capital ## IPV Capital highlights - 01 12 rounds on record - 02 Mostly Series B and Series A: 64% of its rounds - 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 decade From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B Growth - **Sectors:** Semiconductors Compute Communications - **Based in:** Shanghai, China - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **12 appearances** - **2019** 1 round - **Sept** **[Fitso](https://millionrounds.com/company/fitso)** IN · Crazyaboutstartups **$1.5M** With 4 others - **2014** 5 rounds - **Nov** **[V-Key](https://millionrounds.com/company/v-key)** Series B · US **$12M** With 1 other - **Feb** **[Abloomy](https://millionrounds.com/company/abloomy)** Series A · CN **$3.0M** With 1 other - **Jan** **[Vobile](https://millionrounds.com/company/vobile)** Series C · US **$9.0M** With 2 others - **Jan** **[Amprius](https://millionrounds.com/company/amprius)** Series C · US **$30M** With 6 others - **Jan** **[Tactus Technology](https://millionrounds.com/company/tactus-technology)** Series B · US **$14M** With 3 others - **2013** 2 rounds - **Nov** **[Genapsys](https://millionrounds.com/company/genapsys)** Series B · US · finsmes.com **$37M** With 2 others - **Sept** **[TradeHero](https://millionrounds.com/company/tradehero)** Series A · SG · techcrunch.com **$10M** With 2 others - **2012** 1 round - **Sept** **[V-Key](https://millionrounds.com/company/v-key)** Series A · US · finance.yahoo.com **$4.0M** Sole investor - **2010** 2 rounds - **Jan** **[iSoftStone](https://millionrounds.com/company/isoftstone)** Series C · CN **Undisclosed** With 4 others - **Jan** **[Brite Semiconductor](https://millionrounds.com/company/brite-semiconductor)** Series B · CN **$16M** With 3 others - **2004** 1 round - **Jan** **[iSoftStone](https://millionrounds.com/company/isoftstone)** Venture · CN **$1.5M** Sole 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 registration **5 named** BK **Banh Kwong** Managing Member i Filing they signed DB **David Britts** Managing Member i Filing they signed FL **Fang Li** Managing Member i Filing they signed TE **Terence Eng Tan** Promoter i Filing they signed TL **Tingru Liu** Promoter i Filing 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 **$127M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture 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 [Amprius](https://millionrounds.com/company/amprius)[Isoftstone](https://millionrounds.com/company/isoftstone) Britesemi C212 Design-reuse GrandMetals Q Tech Senodia Star Market its Tuesday announcement were 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. New fund on file **$73M** raised in Aug 2022 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$1.5M** the round, not its cheque Alone, median **$2.8M** Led 0 of 12 rounds **0%** - **Sole investor:** 2 rounds - **Last cheque:** Sept 2019 Rounds by stage said on their site - Series B said *4* - Series A said *3* - Series C *3* - Venture *1* - Seed said *-* - Growth said *-* Cheques by year Led Joined 2004 2019 Often in the room with - [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) 2 **Pitching IPV Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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. [**Kleiner Perkins Caufield & Byers** VC firm **2** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) ## 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. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=ipv-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=ipv-capital)