IVP portfolio

IVP has 40 portfolio companies on record at Recent Funding, with 14 investments in the last 12 months.

Website: ivp.com.

X: @ivp.

Type: Venture capital.

Portfolio on Recent Funding: 40.

Deals, last 12 months: 14.

Rounds led: 23 of 58.

Capital in their rounds: $11.89B.

Latest deal: LangChain · Nov 12, 2026.

About this page

It is a venture capital firm based in San Francisco, US, founded in 1980. It led 23 of the 58 rounds it joined. Its most recent investment on record is LangChain's $300M Series B+ round in November 2026, alongside Sapphire Ventures, DFJ Growth, GIC and 1 other. By category, its portfolio leans toward Developer tools and cloud (9) and Consumer and social (8). It has co-invested with Sequoia, Greylock and Spark Capital, most often Sequoia (9 rounds).

About IVP

Firm type: Venture capital.

Headquarters: San Francisco, US.

Founded: 1980.

Stages: Series B, Series C, Growth, Late Stage.

Sectors: AI & Machine Learning, Consumer, Fintech, SaaS, Sector Agnostic.

Check size: $15M to $75M.

Leads rounds: Yes.

Portfolio companies: 157.

Exits: 37.

Rounds led: 52.

Fund returns

Fund	Vintage	Size	Net IRR	TVPI	DPI	As of
Institutional Venture Partners XVIII	2024	—	30.9%	1.14x	—	Jun 30, 2025
IVP XVII L.P.	2021	—	14.9%	1.51x	—	Jun 30, 2025
Institutional Venture Partners XIII, LP	2010	—	—	1.59x	1.57x	Mar 31, 2025
Institutional Venture Partners XII, L.P.	2007	—	25.7%	2.72x	2.72x	Jun 30, 2024
Institutional Venture Partners VIII	1998	—	1.5%	1.07x	1.07x	Jun 30, 2020
Institutional Venture Partners VIII, L.P	1998	—	0.7%	1.03x	1.02x	Mar 31, 2013
Institutional Venture Partners VII	1996	—	93.6%	6.80x	6.80x	Jun 30, 2020
Institutional Venture Partners VII, L.P	1996	—	96.2%	6.72x	6.68x	Mar 31, 2013
Institutional Venture Partners VI	1994	—	63.1%	5.82x	5.82x	Jun 30, 2020
Institutional Venture Partners V	1991	—	27.5%	3.00x	3.00x	Jun 30, 2020
Institutional Venture Partners IV	1988	—	9.9%	2.34x	2.34x	Jun 30, 2020
Institutional Venture Partners IV, L.P	1988	—	10.4%	2.34x	2.30x	Sep 30, 2013
Institutional Venture Partners III	1985	—	13.7%	2.15x	2.15x	Jun 30, 2020
INSTITUTIONAL VENTURE PARTNERS XIV, L.P.	—	—	7.1%	1.51x	1.22x	Sep 30, 2025
INSTITUTIONAL VENTURE PARTNERS XV, L.P.	—	—	23.4%	2.92x	2.03x	Sep 30, 2025

What IVP invests in

Developer tools and cloud · 9 · 23%
Consumer and social · 8 · 20%
Fintech · 8 · 20%
AI agents · 7 · 18%
Data and analytics · 6 · 15%
Cybersecurity · 6 · 15%
Health and bio · 5 · 13%
Robotics and hardware · 4 · 10%

IVP recent investments

Company	Round	Date	Alongside
LLangChain	Series B+ · $300M	Nov 12, 2026	Sapphire Ventures, DFJ Growth, GIC +1
WWabi	Series A · $55M · lead	Oct 29, 2026	none named
WWonderful	Series B+ · $550M	Sep 8, 2026	Vine Ventures, Salesforce, Insight Partners (lead) +3
OObsidian Security	Series B+ · $85M	Aug 4, 2026	Wing VC, Menlo Ventures, Greylock +3
BBaseten	Series B+ · $1.5B	Jun 22, 2026	Verified Capital, Altimeter Capital (lead), Wellington Management (lead) +9
WWHOOP	Series B+ · $575M	Jun 5, 2026	Niall Horan, Qatar Investment Authority, Collaborative Fund (lead) +8
SSuno	Series B+ · $400M	Jun 3, 2026	Alkeon Capital, Menlo Ventures, Schroders Capital +6
CCowboy Space	Series B+ · $275M	May 11, 2026	NEA, Construct Capital, Breakthrough Energy Ventures +2

How IVP invests

Stage	Deals	Capital in rounds
Series B+	54 93%	$11.57B
Series A	4 7%	$321M

Year	Deals	Capital in rounds
2017	2 3%	$140M
2019	4 7%	$381M
2020	3 5%	$247M
2021	9 16%	$1.91B
2022	5 9%	$569M
2023	2 3%	$265M
2024	9 16%	$852M
2025	12 21%	$2.27B
2026	12 21%	$5.25B

IVP portfolio companies

LLangChain$300MSeries B+ · Nov 2026
WWabi$55MSeries A · Oct 2026
WWonderful$550MSeries B+ · Sep 2026
OObsidian Security$85MSeries B+ · Aug 2026
BBaseten$1.5BSeries B+ · Jun 2026
WWHOOP$575MSeries B+ · Jun 2026
SSuno$400MSeries B+ · Jun 2026
CCowboy Space$275MSeries B+ · May 2026
KKalshi$1BSeries B+ · May 2026
GGenLogs$60MSeries B+ · Feb 2026
NNumeric$51MSeries B+ · Nov 2025
SSEON$80MSeries B+ · Sep 2025
AAppcharge$58MSeries B+ · Aug 2025
TTennr$101MSeries B+ · Jun 2025
LLaurel$100MSeries B+ · Jun 2025
CChainguard$356MSeries B+ · Apr 2025
LLumafield$75MSeries B+ · Mar 2025
SSublime Security$60MSeries B+ · Dec 2024
GGlean$260MSeries B+ · Sep 2024
CCortex$60MSeries B+ · Sep 2024
CCribl$200MSeries B+ · Aug 2024
AAccompany Health$56MSeries A · Jan 2024
KKittl$36MSeries B+ · Jan 2024
SSkydio$230MSeries B+ · Feb 2023
MMonte Carlo$135MSeries B+ · May 2022
VVeriff$100MSeries B+ · Jan 2022
YYellowbrick Data$75MSeries B+ · Nov 2021
TTala$145MSeries B+ · Oct 2021
SSorare$680MSeries B+ · Sep 2021
PPapaya Global$250MSeries B+ · Sep 2021
BBrex$425MSeries B+ · Apr 2021
SSupermetrics$47MSeries B+ · Aug 2020
GGrammarly$90MSeries B+ · Oct 2019
BBusiness Insiderbacker
PPigmentbacker
WWalker & Co Brandsbacker
FFight Campbacker
CCirclecibacker
SScubabacker
VVercel'sbacker

Company	Round with IVP	Total raised	Latest raise
LLangChain AI coding and devtools	Nov 12, 2026 Series B+ · $300M	$450M	Nov 12, 2026 Series B+
WWabi Data and analytics	Oct 29, 2026 Series A · $55M · lead	$75M	Oct 29, 2026 Series A
WWonderful AI agents	Sep 8, 2026 Series B+ · $550M	$834M	Sep 8, 2026 Series B+
OObsidian Security Legal and compliance	Aug 4, 2026 Series B+ · $85M	$204.5M	Aug 4, 2026 Series B+
BBaseten AI infrastructure and compute	Jun 22, 2026 Series B+ · $1.5B	$2.08B	Jun 22, 2026 Series B+
WWHOOP Health and bio	Jun 5, 2026 Series B+ · $575M	$773M	Jun 5, 2026 Series B+
SSuno Voice and audio AI	Jun 3, 2026 Series B+ · $400M	$775M	Jun 3, 2026 Series B+
CCowboy Space AI infrastructure and compute	May 11, 2026 Series B+ · $275M	$325M	May 11, 2026 Series B+
KKalshi Prediction markets	May 7, 2026 Series B+ · $1B	$2.71B	May 21, 2026 Series B+
GGenLogs Climate and energy	Feb 2, 2026 Series B+ · $60M	$74.6M	Feb 2, 2026 Series B+
NNumeric Fintech	Nov 19, 2025 Series B+ · $51M · lead	$89M	Nov 19, 2025 Series B+
SSEON Cybersecurity	Sep 16, 2025 Series B+ · $80M	$186.6M	Sep 16, 2025 Series B+
AAppcharge Stablecoins	Aug 13, 2025 Series B+ · $58M · lead	$84M	Aug 13, 2025 Series B+
TTennr Foundation models and research	Jun 18, 2025 Series B+ · $101M · lead	$156.5M	Jan 6, 2026 Series B+
LLaurel Legal and compliance	Jun 10, 2025 Series B+ · $100M · lead	$136.5M	Jun 10, 2025 Series B+
CChainguard AI agents	Apr 23, 2025 Series B+ · $356M · lead	$612M	Apr 23, 2025 Series B+
LLumafield Health and bio	Mar 13, 2025 Series B+ · $75M · lead	$142.5M	Mar 13, 2025 Series B+
SSublime Security Cybersecurity	Dec 12, 2024 Series B+ · $60M · lead	$239.8M	Oct 28, 2025 Series B+
GGlean AI agents	Sep 19, 2024 Series B+ · $260M	$510M	Jun 10, 2025 Series B+
CCortex Developer tools and cloud	Sep 4, 2024 Series B+ · $60M · lead	$110M	Sep 4, 2024 Series B+
CCribl Cybersecurity	Aug 1, 2024 Series B+ · $200M	$350M	Oct 8, 2025 Series B+
AAccompany Health Health and bio	Jan 30, 2024 Series A · $56M	$56M	Jan 30, 2024 Series A
KKittl Consumer and social	Jan 24, 2024 Series B+ · $36M · lead	$50M	Jul 13, 2026 Series B+
SSkydio Robotics and hardware	Feb 27, 2023 Series B+ · $230M	$780M	Apr 23, 2026 Series B+
MMonte Carlo AI agents	May 24, 2022 Series B+ · $135M · lead	$211M	Oct 11, 2025 Series B+
VVeriff Legal and compliance	Jan 26, 2022 Series B+ · $100M	$176.7M	May 26, 2025 Series B+
YYellowbrick Data Data and analytics	Nov 3, 2021 Series B+ · $75M	$248M	Nov 3, 2021 Series B+
TTala Fintech	Oct 14, 2021 Series B+ · $145M	$302.2M	Aug 24, 2026 Seed
SSorare Crypto payments	Sep 21, 2021 Series B+ · $680M	$734M	Sep 21, 2021 Series B+
PPapaya Global Fintech	Sep 13, 2021 Series B+ · $250M	$398M	Jan 6, 2026 Series B+
BBrex Fintech	Apr 26, 2021 Series B+ · $425M	$982M	Jan 22, 2026 Series A
SSupermetrics Sales and marketing	Aug 1, 2020 Series B+ · $47M	$98.11M	Mar 23, 2026 Series B+
GGrammarly Education	Oct 10, 2019 Series B+ · $90M	$400M	Nov 17, 2021 Series B+
BBusiness Insider Sales and marketing	backer	undisclosed	Aug 6, 2026 Series A
PPigment Sales and marketing	backer	$420.9M	Oct 21, 2026 Series B+
WWalker & Co Brands Health and bio	backer	undisclosed	—
FFight Camp Robotics and hardware	backer	undisclosed	—
CCircleci Developer tools and cloud	backer	undisclosed	—
SScuba AI agents	backer	$34M	Oct 14, 2026 Pre-seed
VVercel's AI coding and devtools	backer	undisclosed	Sep 30, 2025 Series B+

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Developer tools and cloud).

How this is counted

Net returns as reported by the public-pension and foundation LPs invested in each fund.

Firm profile and fund returns: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 58 rounds on Recent Funding that name IVP. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists IVP, which is a subset of its real portfolio. API: /api/v1/investors/ivp (get a free API key). More: the most active VC firms and new venture capital funds.