# IVP: portfolio, investments and team

> IVP is a vc firm based in United States. 287 investments on record, 39 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# IVP

Last cheque observed Oct 2026; 287 cheques on record.

Email

Deploying now VC firm

Seed Series A Series B AI & Machine Learning Artificial Intelligence & Machine Learning (AI/ML) AudioTech

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

Deploying now

**95%** of best year **39** **cheques in 12 months**, 287 on record

Since the last cheque **1** days **00** hrs **00** min **00** sec

Median round **$100M** Cheque size, as they say **$5.0M – $100M** Rounds led **13 of 287** Sole investor **5 rounds** Exits **46 from the portfolio** Mostly in **United States, 90%**

Pitch IVP

## IVP highlights

- 01 39 cheques in the last 12 months
- 02 Mostly Series C and Series B: 46% of its rounds
- 03 Sole investor in 5 rounds, median $19M
- 04 46 exits from the portfolio

## What they do

> IVP: Venture capital for the Exceptional From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $5.0M – $100M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** AI & Machine Learning Artificial Intelligence & Machine Learning (AI/ML) AudioTech
- **Based in:** Menlo Park, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **287 appearances**

- **2026** 29 rounds
- **Oct** **[Wabi](https://millionrounds.com/company/wabi)** US · Google News search **$55M** *Led*
- **Oct** **[Warp Sciences](https://millionrounds.com/company/warp-sciences)** Series A · US · Analytics India Magazine **$215M** With 27 others
- **Oct** **[Pigment](https://millionrounds.com/company/pigment)** Series E · FR · Wowtale **$250M** With 9 others
- **Oct** **[Scuba](https://millionrounds.com/company/scuba)** Seed · US · The SaaS News **$34M** *Led*
- **Sept** **Wonderful** Series C · IL · TechCrunch **$550M** With 6 others
- **Sept** **[Sorare](https://millionrounds.com/company/sorare)** Venture · FR **$680M** With 3 others
- **Jul** **[Surf Air](https://millionrounds.com/company/surf-air)** Debt · US **$69M** With 2 others
- **Jul** **[Sage](https://millionrounds.com/company/sage)** Debt · US **$35M** With 3 others
- **Jun** **[Baseten](https://millionrounds.com/company/baseten)** Growth · US · Crunchbase News **$1.5B** With 16 others
- **Jun** **[Suno](https://millionrounds.com/company/suno)** Series D · US · TechCrunch **$400M** With 9 others
- **Jun** **[Glossier](https://millionrounds.com/company/glossier)** Debt · US **$45M** With 4 others
- **May** **[Cowboy Space Corporation](https://millionrounds.com/company/cowboy-space-corporation)** Series B · US · TechCrunch **$275M** With 6 others
- **May** **[GenLogs](https://millionrounds.com/company/genlogs)** Venture · US **Undisclosed** With 4 others
- **May** **[H1.co](https://millionrounds.com/company/h1-co)** Venture · US **Undisclosed** With 4 others
- **May** **[Lyra Health](https://millionrounds.com/company/lyra-health)** Growth · US **$57M** With 4 others
- **May** **[Hims & Hers](https://millionrounds.com/company/hims-and-hers)** Debt · US **$350M** With 4 others
- **Apr** **[Skydio](https://millionrounds.com/company/skydio)** Series F · US **$110M** With 4 others
- **Mar** **[Whoop](https://millionrounds.com/company/whoop)** Growth · US · Crunchbase News **$575M** With 24 others
- **Mar** **[Kalshi](https://millionrounds.com/company/kalshi)** Series F · US · TechCrunch **$1.0B** With 6 others
- **Mar** **[Cape](https://millionrounds.com/company/cape)** Series C · US · Ventureburn **$100M** *Led*
- **Mar** **Wonderful** Series B · TechCrunch **$150M** With 4 others
- **Mar** **[Sage](https://millionrounds.com/company/sage)** Series C · US · TechStartups **$65M** With 4 others
- **Feb** **[GenLogs](https://millionrounds.com/company/genlogs)** Series B · US **$60M** With 4 others
- **Feb** **[Kalshi](https://millionrounds.com/company/kalshi)** Venture · US **Undisclosed** With 4 others
- **Feb** **[Solace](https://millionrounds.com/company/solace)** Series C · US **$130M** With 4 others
- **Feb** **[Perplexity](https://millionrounds.com/company/perplexity)** Venture · US **$5.5M** With 4 others
- **Jan** **[Baseten](https://millionrounds.com/company/baseten)** Series E · US **$300M** With 4 others
- **Jan** **[WHOOP](https://millionrounds.com/company/whoop)** Venture · US **Undisclosed** With 4 others
- **Jan** **[Compass](https://millionrounds.com/company/compass)** Debt · US **$850M** With 4 others
- **2025** 32 rounds
- **Dec** **[Harness](https://millionrounds.com/company/harness)** Growth · US · TechCrunch **$200M** With 6 others
- **Dec** **[Aledade](https://millionrounds.com/company/aledade)** Debt · US **$500M** With 4 others
- **Dec** **[Figma](https://millionrounds.com/company/figma)** Venture · US **Undisclosed** With 6 others
- **Dec** **[Venice](https://millionrounds.com/company/venice)** Series A · US **$25M** With 1 other
- **Dec** **[SoFi](https://millionrounds.com/company/sofi)** US **$1.5B** With 6 others
- **Nov** **[Lumafield](https://millionrounds.com/company/lumafield)** Growth · US · Ventureburn **$50M** With 5 others
- **Nov** **[Kalshi](https://millionrounds.com/company/kalshi)** Series E · US · Conductive Ventures **$1.0B** With 10 others
- **Nov** **[Numeric](https://millionrounds.com/company/numeric)** Series B · US · Ventureburn **$51M** *Led*
- **Nov** **Wonderful** Series A · IL · TechCrunch **$100M** With 4 others
- **Nov** **[Sublime Security](https://millionrounds.com/company/sublime-security)** Series C · US · AlleyWatch **$150M** With 10 others
- **Oct** **[LangChain](https://millionrounds.com/company/langchain)** Series B · US · TechCrunch **$125M** *Led*

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 **14 named**

AV **Ajay Vijaykumar Vashee** Managing Director i Form ADV

AJ **Alexander Jin-Phan Lim** Management Committee Member i Form ADV

CM **Catherine Mcgregor Ferrell** Managing Director i Form ADV

DB **Dennis Brian Phelps** Managing Director i Form ADV

EL **Eric Liaw** Managing Director i Form ADV

JS **Joseph Sanford Miller** Managing Director i Form ADV

JA **Jules Andrew Maltz** Managing Director i Form ADV

LS **Leslie Stolper** CCO i Form ADV

NA **Norman Arthur Fogelsong** Managing Director i Form ADV

SD **Somesh Dash** Managing Director i Form ADV

SJ **Stephen James Harrick** Managing Director i Form ADV

TJ **Thomas Joseph Loverro** Managing Director i Form ADV

TC **Todd Clayton Chaffee** Managing Director i Form ADV

TH **Tracy Hogan** CFO i Form ADV

We also hold **34** 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

**$9.9B** gross assets of its funds, 5 advisers combined Oct 2026

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

- **Legal name:** Institutional Venture Management Xviii, LLC
- **SEC number:** CRD 329558

Who backs their funds

## 1 LP on record in IVP's funds

- **Committed:** $100M
- **Funds:** 1
- **Vintages:** 2021

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Jun 2025.

- [**California State Teachers Retirement System** 1 fund *$100M*](https://millionrounds.com/fund/california-state-teachers-retirement-system) Fund Vintage Committed IVP XVII 2021 $100M

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

LP Portal

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.

## Exits from the portfolio

Companies it backed that were later bought or listed **46 in all**

**[Mover](https://millionrounds.com/company/mover)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Oct 2019

**[GitHub](https://millionrounds.com/company/github)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **$7.5B** Oct 2018

**[Marketo](https://millionrounds.com/company/marketo)** Bought by [Adobe](https://millionrounds.com/fund/adobe) **$4.8B** Sept 2018

**[Shazam](https://millionrounds.com/company/shazam)** Bought by [Apple](https://millionrounds.com/fund/apple) **$400M** Sept 2018

**[HomeAway](https://millionrounds.com/company/homeaway)** Bought by [Expedia](https://millionrounds.com/fund/expedia) **$3.9B** Nov 2015

**[Business Insider](https://millionrounds.com/company/business-insider)** Bought by Axel Springer **$343M** Sept 2015

**[Vessel](https://millionrounds.com/company/vessel)** Bought by [Marketo](https://millionrounds.com/fund/marketo) **Undisclosed** May 2015

**[Open Me](https://millionrounds.com/company/open-me)** Bought by Rowl **Undisclosed** May 2015

**[Motion Computing](https://millionrounds.com/company/motion-computing)** Bought by Xplore Technologies **$9.0M** Apr 2015

**[Datalogix](https://millionrounds.com/company/datalogix)** Bought by [Oracle Corporation](https://millionrounds.com/fund/oracle) **$1.2B** Dec 2014

**[Tripwire](https://millionrounds.com/company/tripwire)** Bought by [Belden](https://millionrounds.com/fund/belden) **$710M** Dec 2014

**[Cortina Systems](https://millionrounds.com/company/cortina-systems)** Bought by INPHI **$131M** Oct 2014

**[Eucalyptus Systems](https://millionrounds.com/company/eucalyptus-systems)** Bought by [Hewlett-Packard](https://millionrounds.com/fund/hewlett-packard) **$11B** Sept 2014

**[Dropcam](https://millionrounds.com/company/dropcam)** Bought by Nest Labs **$555M** Jun 2014

**[Klout](https://millionrounds.com/company/klout)** Bought by Lithium Technologies **$200M** Mar 2014

**[Twitter](https://millionrounds.com/company/twitter)** Listed **$1.8B** Nov 2013

**[Supercell](https://millionrounds.com/company/supercell)** Bought by [SoftBank](https://millionrounds.com/fund/softbank) **$1.5B** Oct 2013

**[Varolii](https://millionrounds.com/company/varolii)** Bought by LifeLock **$43M** Aug 2013

**[Marketo](https://millionrounds.com/company/marketo)** Listed **$79M** Apr 2013

**[RetailMeNot](https://millionrounds.com/company/retailmenot)** Bought by WhaleShark Media **Undisclosed** Dec 2012

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A Series B

Median round joined **$100M** the round, not its cheque Alone, median **$19M**

Led 13 of 287 rounds **5%**

- **Said size:** $5.0M – $100M
- **Sole investor:** 5 rounds
- **Last cheque:** Oct 2026
- **Exits:** 46 from the portfolio

Rounds by stage said on their site

- Series C *54*
- Series B said *46*
- Series D *41*
- Venture *39*
- Series E *20*
- Series A said *17*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 31
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 29
- [Index Ventures](https://millionrounds.com/fund/index-ventures) 24
- [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 22
- [Accel](https://millionrounds.com/fund/accel) 18
- [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) 17

**Pitching IVP?** 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 IVP. A count of rooms they were both in, not a relationship either has claimed.

[**Sequoia Capital** VC firm **31** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Andreessen Horowitz** VC firm **29** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Index Ventures** VC firm **24** rounds together](https://millionrounds.com/fund/index-ventures)[**New Enterprise Associates** VC firm **22** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Accel** VC firm **18** rounds together](https://millionrounds.com/fund/accel)[**Bessemer Venture Partners** VC firm **17** rounds together](https://millionrounds.com/fund/bessemer-venture-partners)[**Y Combinator** Accelerator **17** rounds together](https://millionrounds.com/fund/y-combinator)[**General Catalyst** VC firm **16** rounds together](https://millionrounds.com/fund/general-catalyst)[**Kleiner Perkins Caufield & Byers** VC firm **16** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Lightspeed Venture Partners** VC firm **16** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Menlo Ventures** VC firm **15** rounds together](https://millionrounds.com/fund/menlo-ventures)[**Wellington Management** VC firm **15** rounds together](https://millionrounds.com/fund/wellington-management)

## Recently backed

The latest companies IVP put money into.

[**Wabi** $55M · Oct 2026](https://millionrounds.com/company/wabi)[**Pigment** $250M · Oct 2026](https://millionrounds.com/company/pigment)[**Scuba** $34M · Oct 2026](https://millionrounds.com/company/scuba)[**Sorare** $680M · Sept 2026](https://millionrounds.com/company/sorare)[**Surf Air** $69M · Jul 2026](https://millionrounds.com/company/surf-air)[**Baseten** $1.5B · Jun 2026](https://millionrounds.com/company/baseten)

## Quick answers about IVP

### What does IVP invest in?

IVP invests most often at Series C and Series B (46% of the rounds on record), in sectors such as AI & Machine Learning, Artificial Intelligence & Machine Learning (AI/ML) and AudioTech.

### How active is IVP?

287 investments on record, 39 of them in the last 12 months, and it led 13. The most recent was in Oct 2026.

### What has IVP invested in recently?

Its most recent investments on record: Wabi (Undisclosed round, Oct 2026), Warp Sciences (Series A, Oct 2026) and Pigment (Series E, Oct 2026).

### How big are IVP's cheques?

The median round it joins is $100M. It says it writes cheques of $5.0M to $100M.

### Does IVP lead rounds?

Sometimes: it led 13 of its 287 investments on record (5%).

### Where does IVP invest?

Most of the companies it backs are in the United States (90%), France (5%) and Israel (5%).

### Is IVP investing now?

Yes: it is actively investing, with 39 investments in the last 12 months.

### Who does IVP invest alongside?

Most often Sequoia Capital (31 rounds together), Andreessen Horowitz (29 rounds together) and Index Ventures (24 rounds together).

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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=ivp) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=ivp)