IVP

IVP (Institutional Venture Partners) is a later-stage venture capital firm based in Menlo Park, California, founded in 1980. The firm's most recent flagship, IVP XVIII, is sized at $1.6 billion, and IVP reports a 40-year IRR of 43.1%. IVP invests across AI, consumer, fintech, healthtech, gaming, and enterprise infrastructure, and made 20 investments in 2025. Notable AI investments include LangChain, Hippocratic AI, and email-security and patient-services AI platforms. Recent activity: leading or participating in LangChain's October 2025 round and several enterprise agent-platform deals.