# IVP

> IVP is a VC fund in Menlo Park backing Software and SaaS. See 574 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Menlo Park, United States
- Total investments: 574
- Last investment: Aug 2026
- Lead investor: 36%
- Fund size: $1.6B
- Last fund: Mar 2024
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/ivpvc
- X (Twitter): http://twitter.com/ivp
- Website: http://www.ivp.com
- Facebook: https://www.facebook.com/ivpvc

IVP is a venture capital and growth equity firm that invests in later-stage technology companies. The firm focuses on sectors such as enterprise software, internet services, and mobile technologies. It supports portfolio companies through strategic guidance and capital aimed at scaling operations, product development, and market expansion.

## Contacts

5 contacts available for IVP. Shizune tracks 23 team members at IVP. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/institutional-venture-partners?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series B | $24M–$153M |
| Series C | $30M–$150M |
| Series D | $37M–$356M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 60 | 10% |
| SaaS | 29 | 5% |
| Enterprise Software | 26 | 5% |
| Artificial Intelligence | 22 | 4% |
| Internet | 21 | 4% |

241 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 68 | 12% |
| Series B | 60 | 10% |
| Series D | 60 | 10% |
| Series E | 36 | 6% |
| Funding Round | 24 | 4% |

13 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 169 | 29% |
| Finland | 3 | 1% |
| Germany | 3 | 1% |
| United Kingdom | 3 | 1% |
| Israel | 2 | 0% |

16 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Angela Zhu | Partner | 2 | https://shizune.co/investors/profile/angela-zhu-94e7 |
| Dennis Phelps | General Partner | 59 | https://shizune.co/investors/profile/dennis-phelps |
| Eric Liaw | General Partner | 60 | https://shizune.co/investors/profile/eric-liaw-2 |
| Zeya Yang | Partner | 2 | https://shizune.co/investors/profile/zeya-yang-26aa |
| Ajay Vashee | General Partner | 21 | https://shizune.co/investors/profile/ajay-vashee |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Obsidian Security | Led by former founding team members of Cylance and Carbon Black, Obsidian Security is a Southern California technology company living at the intersection of cybersecurity, artificial intelligence, and hybrid-cloud environments. Backed by Greylock Partners, Obsidian Security is based in Newport Beach, CA. | $85M | Series D | Aug 04, 2026 |  |
| Obsidian Security | Led by former founding team members of Cylance and Carbon Black, Obsidian Security is a Southern California technology company living at the intersection of cybersecurity, artificial intelligence, and hybrid-cloud environments. Backed by Greylock Partners, Obsidian Security is based in Newport Beach, CA. | $85M | Series D | Aug 04, 2026 |  |
| Obsidian Security | Led by former founding team members of Cylance and Carbon Black, Obsidian Security is a Southern California technology company living at the intersection of cybersecurity, artificial intelligence, and hybrid-cloud environments. Backed by Greylock Partners, Obsidian Security is based in Newport Beach, CA. | $85M | Series D | Aug 04, 2026 |  |
| Baseten | Baseten provides a platform for training, deploying, and serving artificial intelligence models in production environments. It supports open-source, fine-tuned, and custom models, converting them into API endpoints with capabilities such as autoscaling, observability, and optimized model serving. The platform manages infrastructure componentsincluding containerization, GPU scheduling across multiple cloud providers, and performance optimizations to support large-scale inference workloads. Baseten also offers preconfigured model APIs and deployment options that can run either on its managed cloud service or within a customer's own environment. Its tools are designed to help developers build, manage, and scale AI applications while maintaining flexibility in how models are hosted and executed. | $1.5B | Series F | Jun 22, 2026 |  |
| Baseten | Baseten provides a platform for training, deploying, and serving artificial intelligence models in production environments. It supports open-source, fine-tuned, and custom models, converting them into API endpoints with capabilities such as autoscaling, observability, and optimized model serving. The platform manages infrastructure componentsincluding containerization, GPU scheduling across multiple cloud providers, and performance optimizations to support large-scale inference workloads. Baseten also offers preconfigured model APIs and deployment options that can run either on its managed cloud service or within a customer's own environment. Its tools are designed to help developers build, manage, and scale AI applications while maintaining flexibility in how models are hosted and executed. | $1.5B | Series F | Jun 22, 2026 |  |
| Baseten | Baseten provides a platform for training, deploying, and serving artificial intelligence models in production environments. It supports open-source, fine-tuned, and custom models, converting them into API endpoints with capabilities such as autoscaling, observability, and optimized model serving. The platform manages infrastructure componentsincluding containerization, GPU scheduling across multiple cloud providers, and performance optimizations to support large-scale inference workloads. Baseten also offers preconfigured model APIs and deployment options that can run either on its managed cloud service or within a customer's own environment. Its tools are designed to help developers build, manage, and scale AI applications while maintaining flexibility in how models are hosted and executed. | $1.5B | Series F | Jun 22, 2026 |  |
| Baseten | Baseten provides a platform for training, deploying, and serving artificial intelligence models in production environments. It supports open-source, fine-tuned, and custom models, converting them into API endpoints with capabilities such as autoscaling, observability, and optimized model serving. The platform manages infrastructure componentsincluding containerization, GPU scheduling across multiple cloud providers, and performance optimizations to support large-scale inference workloads. Baseten also offers preconfigured model APIs and deployment options that can run either on its managed cloud service or within a customer's own environment. Its tools are designed to help developers build, manage, and scale AI applications while maintaining flexibility in how models are hosted and executed. | $1.5B | Series F | Jun 22, 2026 |  |
| Suno | Suno is a music start-up that enables anyone to make the songs they want. The company aims to help people rediscover the joy of play and exploration. | $400M | Series D | Jun 03, 2026 |  |
| Cowboy Space | Cowboy Space is a space infrastructure company focused on developing systems for in-orbit computing, space-based power, and launch capabilities. The company is building Low Earth Orbit satellites designed to harness solar energy and support data processing applications in space. Its approach integrates launch vehicles and orbital data centers intoa single system, with rocket upper stages intended to remain in orbit as operational computing platforms. Cowboy Space is also working on technologies related to transmitting energy from space to Earth and supporting high-performance computing beyond terrestrial infrastructure. The company’s team includes engineers and specialists with experience from aerospace, satellite, and technology organizations. | $275M | Series B | May 11, 2026 |  |
| Kalshi | Kalshi is a federally regulated financial exchange that allows investors to trade directly on the anticipated outcome of future events. Kalshi’s markets cover a wide range of topics including economics, international affairs, media and entertainment, climate/weather, and public health. Because Kalshi’s market topics can be more specific thanother instruments like stocks or bonds, investors can get direct exposure to the events and trends that they are interested in. For example, a Kalshi market on whether a certain free trade agreement will be signed can help retail investors get exposure to emerging markets and fluctuations in international trade.Website: https://kalshi.com | $1.2B | Series F | Mar 20, 2026 |  |

10 of 574 investments shown.

## Co-investors
- [Lightspeed Venture Partners](https://shizune.co/investors/profile/lightspeed-venture-partners) — VC Fund, 112 deals together
- [Index Ventures](https://shizune.co/investors/profile/index-ventures) — VC Fund, 81 deals together
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund, 72 deals together
- [Greylock](https://shizune.co/investors/profile/greylock) — VC Fund, 69 deals together
- [Kleiner Perkins](https://shizune.co/investors/profile/kleiner-perkins-caufield-byers) — VC Fund, 61 deals together
- [Tiger Global Management](https://shizune.co/investors/profile/tiger-global) — VC Fund, 53 deals together

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## FAQ

### What does IVP invest in?

IVP invests primarily in Software, SaaS and Enterprise Software startups, most often at Series C and Series B stage. Most of the 574 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is IVP's check size?

IVP typically joins rounds of $24M–$153M at Series B, $30M–$150M at Series C and $37M–$356M at Series D. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds IVP participates in.

### How do I contact IVP?

Public channels for IVP include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at IVP?

The team at IVP includes Angela Zhu (Partner), Dennis Phelps (General Partner) and Eric Liaw (General Partner), among 23 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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