FPV Ventures
About FPV Ventures
FPV Ventures was founded in 2022, according to PitchBook and PrivateEquityList. Wesley Chan, a co-founder and managing partner, is publicly known as the creator of Google Analytics; Crunchbase lists him as a co-founder with Pegah Ebrahimi, co-founder and managing partner, who previously served as COO of Cisco Collaboration. Arek Zarowski is listed as a partner and previously worked as a principal at SE Ventures. Public sources do not say which partner leads the firm's AI investing. The firm describes its guiding principles as Founders, Purpose and Vision.
The firm's investment themes, as described by third-party profiles, include the rise of AI alongside biotech and digital transformation. Its first fund, FPV Fund I, lists LatticeFlow AI among its investments on PitchBook. Separately, F4 reports that FPV led an $80M Series B for Aily Labs in November 2025. Recent AI rounds on the Lounge deals desk include Meridian's $17M seed (February 2026), Origin Lab's $8M seed (May 2026), and Reken's $10M seed (July 2026).
Public listings say the firm invests at pre-seed, seed and Series A. Third-party sites give conflicting check-size ranges, so none is stated here.
- LatticeFlow AI: AI company listed among FPV Fund I investments on PitchBook; round not disclosed in the sources reviewed
- Aily Labs: Series B of $80M led by FPV, November 2025
- Meridian: $17M seed round, February 2026
- Origin Lab: $8M seed round, May 2026
- Reken: $10M seed round, July 2026
- Reactor: Series A extension, amount undisclosed, October 2026
- pitchbook.com/profiles/investor/499888-72
- pitchbook.com/profiles/fund/21782-71F
- vcsheet.com/fund/fpv-ventures
- privateequitylist.com/investors/fpv-ventures
- f4.fund/firms/fpv-ventures
- crunchbase.com/organization/fpv-ventures/profiles_and_contacts
- crunchbase.com/person/wesley-chan
- crunchbase.com/person/arek-zarowski
Investing activity
FPV Ventures appears in 4 AI deals tracked by the AI Lounge deals desk, rounds totalling $17M. The rounds are mostly Seed and Series A, with a median round size of $10M and the largest at $17M. The most recent are Reactor (Series A extension, Undisclosed, Oct 2026), Reken (Seed, $10M, Jul 2026) and Origin Lab (Seed, $8M, May 2026).
FPV Ventures most often invests alongside Lightspeed Venture Partners, Sky9 Capital, Sapphire Ventures and Amplify Partners, and the companies it backs on AI Lounge are mostly in AI and World model inference.
Deals
Frequently asked questions about FPV Ventures
What is FPV Ventures' first fund and how big is it?
FPV Fund I is an early-stage venture fund that PitchBook lists as closed, with a 2022 vintage and a size of $457M. VC Sheet reports the fund at about $450M.
Which stages does FPV Ventures invest in?
Public listings say FPV Ventures invests at pre-seed, seed and Series A, and Crunchbase also lists Series B among its portfolio rounds.
Does FPV Ventures invest in AI companies?
Yes. FPV Fund I includes LatticeFlow AI on PitchBook, and Lounge's deals desk lists recent AI seed rounds for Meridian, Origin Lab and Reken.
Who are the partners at FPV Ventures?
Wesley Chan and Pegah Ebrahimi are listed as co-founders and managing partners, and Arek Zarowski is listed as a partner. Public sources do not say which partner leads AI deals.
Where is FPV Ventures headquartered?
FPV Ventures is based in San Francisco, California, according to Crunchbase and other third-party profiles.
What AI companies has FPV Ventures invested in?
FPV Ventures's AI investments include Reactor, Reken, Origin Lab and Meridian. The 4 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is FPV Ventures based?
FPV Ventures is based in San Francisco, California, United States.
What stage does FPV Ventures invest at?
In the rounds tracked on AI Lounge, FPV Ventures has invested at Seed and Series A, with a median round of $10M.
Who does FPV Ventures co-invest with?
FPV Ventures's most frequent co-investors on AI Lounge are Lightspeed Venture Partners (2 deals), Sky9 Capital (1 deal), Sapphire Ventures (1 deal), Amplify Partners (1 deal) and Nvidia (1 deal).
How can founders reach FPV Ventures?
Founders on AI Lounge can see FPV Ventures's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add FPV Ventures to their Investor Pipeline to track the conversation.