IVP
About IVP
IVP was founded in 1980 by Reid W. Dennis and is based in Menlo Park, California. PitchBook's profile lists 26 professionals. Press coverage credits the firm with more than 400 partnered companies and over 130 IPOs. Its 18th fund raised $1.6 billion, and the firm describes itself as US and UK based.
IVP's FAQ page names AI as one of its main investment areas, alongside application SaaS, enterprise infrastructure, fintech, digital health, gaming and consumer internet. PitchBook's profile lists artificial intelligence first among the sectors the firm prefers. Its FAQ cites Perplexity, Abridge, Glean and Chainguard as companies it has partnered with. On the Lounge deals desk, IVP led Baseten's $300M Series E in January 2026 and Scuba's $34M pre-seed and seed rounds. Press also names DeepL and Pigment among recent AI-related investments, and Lounge logs a $250M round for Pigment.
The firm's FAQ says it backs about a dozen Series B companies a year. Press coverage of its 18th fund describes a strategy centered on Series B and Series C companies. Lounge tags the firm with Series B and Series C+. Check sizes are not public.
- Baseten: Series E of $300M in January 2026, led by IVP (Lounge deals desk)
- Perplexity: an AI-powered chat tool that works as a search engine; round and year not stated in the sources
- Eightfold AI: an AI talent acquisition and recruiting platform, listed in IVP's portfolio
- Pigment: a $250M round on the Lounge deals desk; named in press as a recent IVP investment
- DeepL: named in press as a recent IVP investment in AI; round not stated
- Scuba: $34M pre-seed and seed rounds on the Lounge deals desk, led by IVP
- Anthropic: listed in IVP's portfolio on parsers.vc alongside a $30 billion raise reported in February 2026
Investing activity
IVP appears in 5 AI deals tracked by the AI Lounge deals desk, rounds totalling $673M, and led 4 of them. The rounds are mostly Growth, Seed and Pre-seed, with a median round size of $55M and the largest at $300M. The most recent are Wabi (Venture round, $55M, Oct 2026), Pigment (Series round, $250M, Oct 2026) and Scuba (Seed, $34M, Oct 2026).
IVP most often invests alongside Accel, Conviction, Homebrew and BoxGroup, and the companies it backs on AI Lounge are mostly in Personal AI assistant, AI planning and forecasting software and AI.
Deals
Frequently asked questions about IVP
When was IVP founded and who founded it?
IVP was founded in 1980 by Reid W. Dennis. The firm is headquartered in Menlo Park, California.
Does IVP invest in AI startups?
Yes. AI is one of the main sectors listed on IVP's FAQ page and in PitchBook's profile, and recent AI rounds include Baseten's $300M Series E in January 2026.
What stage does IVP invest in?
IVP's FAQ says it backs about a dozen Series B companies each year, and press on its 18th fund describes a focus on Series B and Series C. Check sizes are not public.
How large is IVP's latest fund?
Press coverage reports that IVP raised $1.6 billion for its 18th fund, which targets later-stage technology companies, including in Europe.
Where can I find IVP's LinkedIn page?
IVP's company page is at linkedin.com/company/ivpvc. The firm's website is ivp.com.
What AI companies has IVP invested in?
IVP's AI investments include Wabi, Pigment, Scuba and Baseten. The 5 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is IVP based?
IVP is based in Menlo Park, US.
What stage does IVP invest at?
In the rounds tracked on AI Lounge, IVP has invested at Growth, Seed, Pre-seed and Series E, with a median round of $55M. IVP led 4 of those rounds.
Who does IVP co-invest with?
IVP's most frequent co-investors on AI Lounge are Accel (2 deals), Conviction (2 deals), Homebrew (2 deals), BoxGroup (2 deals) and Scribble Ventures (2 deals).
How can founders reach IVP?
Founders on AI Lounge can see IVP'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 IVP to their Investor Pipeline to track the conversation.