Venture capital firm
Institutional Venture Partners portfolio
ivp.comInstitutional Venture Partners is a venture capital firm based in San Francisco, United States, founded in 1985. It has invested in 109 venture-backed companies across 176 funding rounds on VCMC, and led 61 of those rounds. 19 of them were in the last 12 months.
109
Venture-backed companies
in its portfolio on VCMC
176
Funding rounds
led 61
19
Last 12 months
rounds, Oct 2025 to Sep 2026
69
With a disclosed valuation
of 109 companies
$262.9B
Combined value of its private companies
the whole companies, not what Institutional Venture Partners owns
101 private companies Institutional Venture Partners has backed have a VCMC valuation; together they are worth $262.9B. That is the value of the whole companies, not what Institutional Venture Partners owns. Perplexity is 10% of the total. 8 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Institutional Venture Partners' most valuable portfolio companies
The 10 most valuable private companies Institutional Venture Partners has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Perplexity Tech Companies, San Francisco $25.5B range $17.2B – $36.6B Led at Series B, 2024
- 2 Kalshi Financial Services, New York $25.2B range $19.1B – $34.0B Joined at Series E, 2025
- 3 Discord Tech Companies, San Francisco $16.4B range $6.5B – $29.8B Joined at Growth, 2017
- 4 Baseten Software Development Services, San Francisco $14.7B range $11.3B – $21.5B Led at Series B, 2024
- 5 Motive Tech Companies, San Francisco $14.6B range $9.5B – $24.2B Led at Series C, 2018
- 6 WHOOP Medical Supply Manufacturers, Boston $12.1B range $8.8B – $15.9B Led at Series E, 2020
- 7 RingCentral Tech Companies, Belmont $11.8B range $1.2B – $21.0B Led at Series A, 2020
- 8 Glean Tech Companies, San Francisco $10.0B range $6.1B – $11.5B Joined at Series D, 2024
- 9 Grammarly Tech Companies, San Francisco $8.2B range $5.1B – $14.1B Joined at Series A, 2017
- 10 Harness Tech Companies, San Francisco $7.2B range $4.8B – $8.6B Led at Series B, 2019
Portfolio
Full Institutional Venture Partners portfolio (109 companies)
109 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Perplexity Tech Companies · led at Series B, 2024 | Growth Equity Jan 2026 $2.30B | $25.5B | $17.2B – $36.6B | $22.9B (-10%) | $2.4B | 41% | 1,369 | flat | B | |
| 2 | Kalshi Financial Services · since Series E, 2025 | Series F May 2026 $1.00B | $25.2B | $19.1B – $34.0B | $29.6B (+17%) | $3.3B | 0% | 583 | growing | A | |
| 3 | Baseten Software Development Services · led at Series B, 2024 | Series F Jun 2026 $1.50B | $14.7B | $11.3B – $21.5B | $18.7B (+27%) | $2.1B | 0% | 419 | growing | B | |
| 4 | Motive Tech Companies · led at Series C, 2018 | Growth Equity Sep 2026 $1.30B | $14.6B | $9.5B – $24.2B | $15.9B (+9%) | $1.4B | 0% | 6,205 | up | B | |
| 5 | Grammarly Tech Companies · since Series A, 2017 | Growth Equity May 2025 $1.00B | $8.2B | $5.1B – $14.1B | $5.0B (-40%) | $980M | 97% | 951 | shrinking | B | |
| 6 | FTX Cryptocurrency · since Series C, 2022 | Series C Jan 2022 $400M | $238M | $0 – $238M | $238M (0%) | – | 100% | 63 | shrinking | dead | |
| 7 | SoundCloud Media Companies · since Series D, 2014 | Series F Aug 2017 $170M | $829M | $101M – $2.4B | $829M (0%) | $240M | 29% | 1,026 | up | D | |
| 8 | Dataminr Tech Companies · since Series F, 2021 | Growth Equity Mar 2025 $85M | $1.0B | $512M – $1.6B | $951M (-6%) | $96.6M | 18% | 882 | up | B | |
| 9 | Aledade Health Care Services · since Series D, 2021 | Debt Dec 2025 $500M | $4.1B | $1.2B – $5.6B | $3.9B (-4%) | $548M | 0% | 1,955 | up | C | |
| 10 | RingCentral Tech Companies · led at Series A, 2020 | Series D Aug 2021 $450M | $11.8B | $1.2B – $21.0B | $11.2B (-5%) | $2.0B | 24% | 310 | unknown | D | |
| 11 | Discord Tech Companies · since Growth, 2017 | Series I Sep 2021 $500M | $16.4B | $6.5B – $29.8B | $15.5B (-5%) | $2.9B | 26% | 5,115 | growing | C | |
| 12 | WHOOP Medical Supply Manufacturers · led at Series E, 2020 | Series G Mar 2026 $575M | $12.1B | $8.8B – $15.9B | $13.8B (+14%) | $1.5B | 0% | 1,649 | growing | A | |
| 13 | Tanium Tech Companies · since Series G, 2017 | Growth Equity Jan 2021 $150M | $3.7B | $264M – $5.9B | $3.7B (0%) | $413M | 0% | 2,321 | flat | D | |
| 14 | Chainguard Tech Companies · led at Series C, 2024 | Growth Equity Oct 2025 $280M | $3.6B | $2.2B – $5.5B | $3.6B (0%) | $327M | 0% | 766 | growing | B | |
| 15 | Wonderful Software Development Services · since Series B, 2026 | Series C Sep 2026 $550M | $5.2B | $4.3B – $7.5B | $6.5B (+25%) | $872M | 0% | 737 | growing | A | |
| 16 | Lyra Health Psychologists & Counseling Services · since Series D, 2020 | Series F Jan 2022 $235M | $6.6B | $974M – $9.9B | $6.3B (-4%) | $1.0B | 0% | 2,973 | up | D | |
| 17 | Attentive Tech Companies · since Series B, 2019 | Other Jul 2022 $5.0M | $5.4B | $609M – $8.4B | $5.2B (-3%) | $1.0B | 17% | 1,557 | flat | D | |
| 18 | Abridge Tech Companies · led at Series D, 2025 | Series E Apr 2026 $316M | $6.2B | $4.6B – $8.2B | $7.1B (+14%) | $780M | 0% | 677 | growing | A | |
| 19 | Harness Tech Companies · led at Series B, 2019 | Series E Dec 2025 $240M | $7.2B | $4.8B – $8.6B | $7.5B (+4%) | $820M | 0% | 1,831 | up | A | |
| 20 | Glean Tech Companies · since Series D, 2024 | Series F Jun 2025 $150M | $10.0B | $6.1B – $11.5B | $10.0B (0%) | $1.1B | 0% | 1,632 | up | B | |
| 21 | Cribl Tech Companies · since Series C, 2021 | Series E Aug 2024 $319M | $5.1B | $2.6B – $5.8B | $4.4B (-13%) | $559M | 0% | 1,291 | up | B | |
| 22 | Sorare Tech Companies · since Series B, 2021 | Series B Sep 2021 $680M | $1.1B | $316M – $5.2B | $1.1B (-6%) | $874M | 71% | 152 | down | D | |
| 23 | Skydio Aircraft Parts & Services · since Series B, 2018 | Series F Apr 2026 $110M | $5.1B | $3.8B – $6.7B | $5.8B (+15%) | $641M | 0% | 1,065 | up | A | |
| 24 | Noom Nutritionists & Weight Loss Specialists · since Series E, 2019 | Series F May 2021 $540M | $2.4B | $263M – $7.5B | $2.2B (-7%) | $684M | 30% | 1,200 | flat | D | |
| 25 | Checkr Detectives & Investigation Services · since Series B, 2016 | Series E Sep 2021 $250M | $5.1B | $728M – $8.5B | $5.0B (-3%) | $879M | 0% | 1,829 | up | D | |
| 26 | Tala Loans & Financing · led at Series B, 2017 | Debt Mar 2025 $150M | $960M | $69.5M – $1.1B | $928M (-3%) | $114M | 0% | 911 | flat | D | |
| 27 | General Assembly Computer Training Schools · since Series D, 2015 | Growth Equity Apr 2018 $413M | $40.6M | $0 – $40.6M | $40.6M (0%) | – | 100% | 39,000 | unknown | dead | |
| 28 | Dream Games Tech Companies · since Series B, 2021 | Private Equity Dec 2025 $2.50B | $2.9B | $399M – $5.4B | $2.8B (-1%) | $648M | 0% | 472 | up | D | |
| 29 | MasterClass Learning, Tutoring & Courses · led at Series C, 2017 | Series F May 2021 $225M | $2.3B | $185M – $4.0B | $2.1B (-6%) | $466M | 0% | 803 | flat | D | |
| 30 | DeepL Tech Companies · led at Series A, 2022 | Series B May 2024 $300M | $3.0B | $819M – $3.8B | $2.3B (-24%) | $398M | 12% | 1,550 | flat | C | |
| 31 | Podium Tech Companies · led at Series B, 2018 | Series D Nov 2021 $201M | $3.4B | $497M – $4.3B | $3.2B (-5%) | $459M | 0% | 1,637 | up | D | |
| 32 | Campus Colleges & Universities · since Series A, 2023 | Series B Mar 2025 $46M | $474M | $163M – $673M | $474M (0%) | $52.2M | 0% | 310 | unknown | C | |
| 33 | Tech Companies · led at Series E, 2020 | Series F May 2021 $100M | $1.1B | $143M – $2.2B | $1.0B (-8%) | $247M | 28% | 357 | flat | D | |
| 34 | Tech Companies · led at Series D, 2013 | Acquisition Jan 2017 $3.70B | $2.1B acquired 2017 | $1.5B – $2.4B | – | – | 0% | – | unknown | A | |
| 35 | Tech Companies · led at Series D, 2022 | Series D May 2022 $135M | $2.1B | $206M – $2.8B | $1.9B (-8%) | $304M | 1% | 549 | flat | D | |
| 36 | Tech Companies · since Series C, 2021 | Growth Equity May 2026 $40M | $462M | $292M – $744M | $489M (+6%) | $44.0M | 0% | 61 | unknown | B | |
| 37 | Tech Companies · since Series C, 2021 | Series C Mar 2021 $100M | $1.0B | $112M – $1.9B | $944M (-6%) | $218M | 19% | 815 | flat | D | |
| 38 | Tech Companies · led at Series B, 2024 | Debt Jul 2026 $35M | $604M | $364M – $952M | $671M (+11%) | $73.8M | 0% | 151 | growing | B | |
| 39 | Tech Companies · led at Series C, 2025 | Series C Jun 2025 $100M | $769M | $480M – $884M | $769M (0%) | $84.5M | 0% | 325 | growing | B | |
| 40 | Tech Companies · since Growth, 2016 | Growth Equity Mar 2019 $50M | $297M | $32.7M – $399M | $297M (0%) | $37.6M | 13% | 335 | flat | D | |
| 41 | Tech Companies · led at Series D, 2015 | Acquisition Mar 2024 | $896M acquired 2024 | $76.9M – $1.3B | – | – | 0% | 660 | up | D | |
| 42 | Tech Companies · led at Series C, 2025 | Series C Jun 2025 $101M | $906M | $566M – $1.0B | $906M (0%) | $99.6M | 0% | 319 | growing | B | |
| 43 | Tech Companies · led at Series B, 2023 | Series C Sep 2024 $60M | $375M | $203M – $632M | $270M (-28%) | $66.1M | 78% | 111 | down | B | |
| 44 | Tech Companies · since Series A, 2014 | Series D Nov 2021 $50M | $215M | $40.2M – $1.2B | $212M (-2%) | $89.4M | 70% | 203 | down | D | |
| 45 | Tech Companies · led at Series C, 2021 | Acquisition Aug 2025 | $1.1B acquired 2025 | $202M – $1.2B | – | – | 0% | 200 | up | C | |
| 46 | Tech Companies · led at Series B, 2018 | Series B Nov 2018 $81M | $169M | $32.2M – $581M | $169M (0%) | $81.4M | 56% | 470 | flat | D | |
| 47 | Tech Companies · led at Series C, 2010 | Series E Feb 2014 $57M | $621M | $62.9M – $975M | $621M (0%) | $99.2M | 3% | 167 | up | D | |
| 48 | Tech Companies · since Series C, 2021 | Series C Jul 2021 $80M | $455M | $54.9M – $1.2B | $430M (-5%) | $90.3M | 45% | 582 | down | D | |
| 49 | Tech Companies · led at Series A, 2024 | Series B Nov 2025 $51M | $537M | $261M – $788M | $556M (+3%) | $61.1M | 0% | 117 | growing | B | |
| 50 | Tech Companies · led at Series B, 2024 | Series B May 2024 $30M | $198M | $135M – $403M | $107M (-46%) | $62.1M | 97% | 55 | shrinking | B |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Institutional Venture Partners invests: stages, industries and countries
Most of its rounds are Series C and later (69%). Its companies span 31 industries, most in Tech Companies, Media Companies and Payment Processing & Point of Sale, across 12 countries.
Rounds by stage
- Seed 6
- Series A 13
- Series B 36
- Series C and later 121
Investments by industry
- Tech Companies 67
- Media Companies 3
- Payment Processing & Point of Sale 3
- Clothing Stores 2
- Health Care Services 2
- Hosting & Cloud Infrastructure Providers 2
- Investment Consultants & Financial Advisors 2
- Learning, Tutoring & Courses 2
Investments by country
- United States 91
- Germany 3
- Israel 3
- Canada 2
- Finland 2
- France 2
Recent rounds
Institutional Venture Partners' latest investments
Institutional Venture Partners' most recent funding rounds, newest first. 19 rounds in the last 12 months.
- Series E $250M 21 Oct 2026
- Seed, led amount not disclosed 13 Oct 2026
- Wonderful Series C $550M 2 Sep 2026
- Series D $85M 4 Aug 2026
- Baseten Series F $1.50B 22 Jun 2026
- Series B, led $36M 2 Jun 2026
- Kalshi Series F $1.00B 7 May 2026
- Skydio Series F $110M 23 Apr 2026
- WHOOP Series G $575M 31 Mar 2026
- Series C, led $100M 19 Mar 2026
Co-investors
Institutional Venture Partners' top co-investors
The investors that most often join the same rounds as Institutional Venture Partners. Sequoia Capital leads, with 25 rounds together.
- Sequoia Capital 25 rounds together
- Accel 22 rounds together
- Y Combinator 20 rounds together
- Index Ventures 19 rounds together
- Andreessen Horowitz 19 rounds together
- GV 19 rounds together
- Lightspeed Venture Partners 17 rounds together
- Greylock Partners 16 rounds together
- General Catalyst 16 rounds together
- Menlo Ventures 14 rounds together
About
About Institutional Venture Partners
Institutional Venture Partners is a United States venture capital firm engaged in investing in technology companies, with a focus on sectors such as artificial intelligence, consumer technology, health, enterprise infrastructure, fintech, gaming, SaaS, security, strategic finance, and talent and culture. The firm operates from its headquarters in San Francisco, California, with additional offices in Silicon Valley and London, UK, and serves a portfolio of companies in the technology sector.
Description from Veridion's company data.
- Founded
- 1985
- Based in
- San Francisco, United States
- Team
- 123 people, -1% in a year
- Type
- Venture capital firm
Focus markets
- Technology
- Healthcare
- Financial Services
- Gaming
- SaaS
What Institutional Venture Partners offers
- Venture Capital Investment Services
- Early-Stage Company Funding
- Growth Stage Company Funding
- Technology Sector Investment Services
- AI Sector Investment Services
- Consumer Sector Investment Services
- Health Sector Investment Services
- Enterprise Infrastructure Investment Services
Questions
Institutional Venture Partners: frequently asked questions
How many companies has Institutional Venture Partners invested in?
109 venture-backed companies on VCMC, across 176 funding rounds.
What are Institutional Venture Partners' most valuable private companies?
Perplexity ($25.5B), Kalshi ($25.2B), Discord ($16.4B), by VCMC's valuation.
What was Institutional Venture Partners' latest investment?
Pigment, a Series E round in Oct 2026 of $250M.
Which stages does Institutional Venture Partners invest in?
Institutional Venture Partners invests most often at Series C and later (121 rounds), followed by Series B (36) and Series A (13). It has also joined 6 seed rounds.
What is Institutional Venture Partners' portfolio worth?
Its private companies with a VCMC valuation are worth $262.9B together. That is the sum of the companies' values, not what Institutional Venture Partners owns.
Who does Institutional Venture Partners invest alongside?
Sequoia Capital (25 rounds), Accel (22 rounds), Y Combinator (20 rounds).