IVP

Venture Capital

Profile

Founded
1980
Headquarters
Menlo Park, US
Investments
44
Companies
20

Capital

Total Deployed
$9.6B
Lead Rounds
9

Portfolio

20 companies
Klarna $4.2B
Public Stockholm, SE

Swedish fintech company and global leader in buy now, pay later (BNPL) payments, offering flexible payment solutions for online and in-store shopping across 150 million consumers and 500,000 merchants.

Snap $2.6B
Public Santa Monica, US

Camera and social media company behind Snapchat, the visual messaging app with disappearing messages, Stories, augmented reality Lenses, and Snap Map, reaching over 800 million monthly active users.

Kalshi $1.5B
Private New York, New York, United States

The first federally regulated prediction market exchange in the United States, approved by the CFTC as a Designated Contract Market in 2020. Enables users to trade event contracts on real-world outcomes spanning economics, politics, weather, sports, and culture. Emerged from Y Combinator's W19 batch.

Slack $1.4B
Acquired San Francisco, US

Workplace messaging and collaboration platform that transformed business communication. Originally built as an internal tool at Tiny Speck during development of the game Glitch, then pivoted to become the fastest-growing enterprise software company in history.

Brex $1.2B
Acquired San Francisco, US

AI-powered corporate spend management platform providing corporate cards, expense management, bill payments, and banking solutions for startups and enterprises.

ClickHouse $1.1B
Private San Francisco, US

Open-source columnar database management system designed for real-time analytics and AI workloads. Originally developed at Yandex and open-sourced in 2016, it became an independent company in 2021.

Zynga $1.0B
Acquired San Francisco, United States

Zynga was a social game developer and operator known for creating some of the most popular games on Facebook and mobile platforms, including FarmVille, Words With Friends, and Zynga Poker. The company pioneered free-to-play social gaming and became one of the largest game developers in the world before being acquired by Take-Two Interactive in 2022.

Discord $995M
Private San Francisco, US

Communication platform for communities and friends, offering voice, video, and text chat used by hundreds of millions of people worldwide.

Lime $947M
Private San Francisco, United States

Lime is the world's largest shared electric vehicle company, providing electric scooter, e-bike, and e-moped rentals in over 280 cities across nearly 30 countries. The company reported $686 million in revenue for 2024 and has been free cash flow positive for two consecutive years.

Skydio $740M
Private San Mateo, United States

Skydio is an American autonomous drone manufacturer that builds AI-powered drones for enterprise, public safety, and defense applications. The largest drone manufacturer in the United States, its autonomous flight platform is used by over 1,200 organizations including the U.S. Department of Defense.

Checkr $679M
Private San Francisco, US

AI-powered background check platform that modernizes the hiring process for companies of all sizes, serving over 100,000 customers including Uber, DoorDash, and Instacart.

Dropbox $607M
Public San Francisco, US

Cloud storage and file synchronization platform that lets users store, share, and collaborate on files across devices.

Zenefits $584M
Acquired San Francisco, United States

Zenefits was a cloud-based human resources platform that offered free HR software to small and mid-sized businesses, handling payroll, benefits administration, and compliance. The company rose rapidly through Y Combinator to a $4.5 billion valuation but collapsed after regulatory scandals revealed unlicensed insurance brokerage. Acquired by TriNet in 2022.

Coinbase $506M
Public San Francisco, US

Cryptocurrency exchange and blockchain platform

CrowdStrike $480M
Public Austin, US

Cloud-native cybersecurity company providing endpoint protection, threat intelligence, and cyberattack response services through its Falcon platform, protecting enterprises and governments from advanced cyber threats.

Podium $422M
Private Lehi, US

AI-powered customer communication and lead conversion platform for local businesses. Helps over 100,000 businesses manage reviews, messaging, payments, and marketing from a single dashboard. Originally founded as RepDrive, a Y Combinator W16 alumnus.

GitHub $350M
Acquired San Francisco, US

The world's leading software development platform and code hosting service, built on Git. Home to over 100 million developers and the center of open-source collaboration.

Amplitude $336M
Public San Francisco, US

Amplitude is a product analytics platform that helps companies understand user behavior to build better digital products. Originally incubated at Y Combinator (W12) as a voice-to-text app called Sonalight, the founders pivoted to analytics after realizing the internal tools they built were more valuable than the app itself. The company pioneered the product intelligence category and went public via direct listing on NASDAQ in September 2021.

Pindrop $312M
Private Atlanta, Georgia, United States

Voice security and authentication company that uses AI and machine learning to detect phone fraud, verify caller identity, and protect against voice deepfakes. Its patented Phoneprinting technology analyzes audio signals to determine call provenance, device type, and caller location.

Clipboard Health $94M
Private San Francisco, US

Clipboard Health is a healthcare staffing marketplace that connects independent healthcare professionals, including nurses, CNAs, medical assistants, and other allied health workers, with open shifts at healthcare facilities. The platform enables healthcare workers to choose when and where they work, while helping facilities fill critical staffing gaps. Part of Y Combinator's W17 batch, the company has grown to serve thousands of facilities across 30+ U.S. cities, reached $100M in annual revenue within three years, and has been profitable since 2022.

Investment data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.