About FPV Ventures
FPV Ventures is a venture capital firm founded in 2022. It is primarily based out of San Francisco, United States. As of Apr 2026, FPV Ventures is an active investor, having invested in 35 companies, with 13 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Series A round of Cognichip Overall, FPV Ventures portfolio has seen 4 unicorns and 1 acquisition including key companies like Flexport, Formation Bio and Guild. A lot of funds co-invest with FPV Ventures, with names like Andreessen Horowitz sharing a substantial percentage of its portfolio. FPV Ventures has team of 7 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
FPV Ventures' List of Top Investments
FPV Ventures has a portfolio of 35 companies, including 4 unicorns. Their most notable investments are in Enveda and Yendo.Their portfolio spans across United States, Australia, Finland and 2 more locations. They have invested in Enterprise Applications, High Tech, Life Sciences and 11 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by FPV Ventures:
1. Canva
Cloud-based collaborative design platform. It enables users to create various digital content, including social media posts, presentations, and videos, through its drag-and-drop editor. The platform provides access to thousands of templates, photos, and fonts, and offers AI-powered tools for users to enhance design abilities. It allows users to edit images for presentations, invitations, posters, flyers, business cards, and more. The platform offers pre-designed templates and effects. It also provides a stock library of photographs, illustrations, and images.
Key facts about Canva
- Founded Year: 2012
- Location: Surry Hills (Australia)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $589M
- Employee Count: 14,588 as on Mar 31, 2026
- Investors: Dragoneer Investment Group, Next Round Capital and 53 Others
- Latest Funding Round: Series F, May 01, 2024, $*****
- Highlight: Editors' Pick
2. Flexport
Provider of end-to-end supply chain logistics platform. It offers ocean and air freight, trucking, and fulfillment services. The platform provides real-time shipment tracking and management tools, including customs brokerage and trade finance options. It also includes features for order management, buyer consolidation, and carbon control. The platform integrates with various e-commerce and retail partners, facilitating seamless omnichannel selling. The company aims to streamline the entire supply chain process from origin to customer delivery.
Key facts about Flexport
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $2.5B
- Employee Count: 2,839 as on Mar 31, 2026
- Investors: Star Tech NG, Syren Capital Advisors and 117 Others
- Latest Funding Round: Series E, Jan 19, 2024, $*****
- Highlight: Editors' Pick
3. Monarch
Online platform for expense management for couples, advisors, and employers. Users can track their expenses on the platform. It tracks the user's bank accounts and assets to provide information about net wealth. Users can also create and track financial goals and budgets on the platform with custom dashboards. Also provides budget, AI-powered personal finance assistant, and financial coaching. It also offers an app-based platform that is available on Android and iOS platforms.
Key facts about Monarch
- Founded Year: 2018
- Location: Covina (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $94.8M
- Employee Count: 161 as on Jan 05, 2026
- Investors: Menlo Ventures, SignalFire and 6 Others
- Latest Funding Round: Series B, May 23, 2025, $*****
- Highlight: Editors' Pick
Provider of a platform to deliver mRNA therapeutics for multi-functional treatments. The programming platform detects the location and enhances the cell type protein expression in the patient's body to optimize the immunotherapy treatments.
Key facts about Strand Therapeutics
- Founded Year: 2017
- Location: Cambridge (United States)
- Stage: Series B
- Total Funding till date: $256M
- Employee Count: 119 as on Mar 31, 2026
- Investors: Kinnevik, Alexandria and 19 Others
- Latest Funding Round: Series B, May 23, 2025, $*****
- Highlight: Editors' Pick
Provider of AI-powered drug discovery platform for various diseases. It leverages technology such as LLMs and the modern data stack in novel ways to efficiently design and operate clinical development in Atopic Dermatitis, Chronic Hand Eczema, and Knee Osteoarthritis.
Key facts about Formation Bio
- Founded Year: 2016
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $608M
- Employee Count: 187 as on Mar 31, 2026
- Investors: ArrowMark Partners, Dragoneer Investment Group and 16 Others
- Latest Funding Round: Series D, May 21, 2024, $*****
- Highlight: Editors' Pick
FPV Ventures' Year-on-Year Investment Trends
FPV Ventures has invested in 35 companies over the last 4 years, with an average of 8 new investments annually in the last 3 years. In 2025, it made 13 investments, while as of Apr 2026, it has made 7 investments in this year. Its most recent first time investment was in onShore Security and most recent follow-on round was in Cognichip.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 2 | 7 |
2025 | 8 | 5 | 13 |
2024 | 7 | 2 | 9 |
2023 | 3 | 2 | 5 |
2022 | 7 | 0 | 7 |
FPV Ventures' Investments by Stage
FPV Ventures has made 13 investments in Series A stage with an average round size of $19.3M, 8 investments in Seed stage with an average round size of $15.8M, 7 investments in Series B stage with an average round size of $50.6M, 1 investment in Series C stage with an average round size of $40M and 1 investment in Series D stage with an average round size of $372M.Stage of entry | No. of Investments |
|---|---|
Series A | 13 |
Seed | 8 |
Series B | 7 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
FPV Ventures' Investments by Sector
FPV Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, FinTech, Enterprise Infrastructure and HealthTech. Notably, it has invested in 30 Tech companies, 27 Enterprise (B2B) companies, 24 Software companies and at least 15 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 18 |
High Tech | 9 |
FinTech | 7 |
Enterprise Infrastructure | 5 |
HealthTech | 5 |
Others | 17 |
Note: We have considered here, only first round of investments
FPV Ventures' Investments by Geography
FPV Ventures has made most investments in United States (26), followed by Finland where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 26 |
Finland | 1 |
Switzerland | 1 |
Note: We have considered here, only first round of investments
FPV Ventures' recent investments
FPV Ventures has made 7 investments in 2026 so far. Cognichip and Translucent AI are the latest among them.Here are the most recent investments by FPV Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 01, 2026 | United States | Series A | 2377 | [+4] | |
Mar 11, 2026 | United States | Series A | 7956 | [+2] | |
Feb 19, 2026 | United States | Series B | 9987 | [+3] | |
Feb 12, 2026 | United States | Series B | 8211 | [+2] | |
Feb 11, 2026 | - | Seed | 7790 | [+3] |
Unicorns in FPV Ventures' Portfolio
FPV Ventures has 4 unicorns in its portfolio - Enveda, Formation Bio, Guild and others. The most recent unicorn in their portfolio is Enveda. It became a unicorn in 2025, 2 years after FPV Ventures first invested in it.Here is a list of unicorns in FPV Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | AI-based platform to decipher the chemistry of nature and develop new medicines | 2019 | Boulder | Series D | obahjon | ||
70 | Provider of AI-powered drug discovery platform for various diseases | 2016 | New York City | Series D | qaamtbe | ||
66 | Provider of corporate training solutions | 2015 | Denver | Series F | rojgjn{ | ||
81 | Provider of end-to-end supply chain logistics platform | 2013 | San Francisco | Series E | nlumpje |
Acquired companies in FPV Ventures' Portfolio
1 company from FPV Ventures' portfolio has been acquired. The most recent acquisition were X1 Card in Jun 2023 by Robinhood for $95M.Here are FPV Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 22, 2023 | Jul 18, 2022 | Series B | 2637 |
Team profile of FPV Ventures
FPV Ventures has a team of 7 members including 2 Partners located in United States. FPV Ventures' team does not sit on the board of any company as of now.Co-investors of FPV Ventures
Over the past 4 years, 237 investors have co-invested in FPV Ventures's portfolio companies. This includes funds and angels.
- Invested before FPV Ventures: Sequoia Capital, Felicis Ventures and 89 others have invested in rounds before FPV Ventures. There are 2 companies where Sequoia Capital has invested before FPV Ventures and 2 companies where Felicis Ventures has invested before FPV Ventures.
- Top Co-investors of FPV Ventures: 104 investors entered a company along with FPV Ventures. These include investors like Andreessen Horowitz (3 companies).
- Invested after FPV Ventures: A total of 42 investors have invested in FPV Ventures's portfolio after their investments. Top Investors include Kinnevik (2 companies), Premji Invest (2 companies) and LG Technology Ventures (1 company).
Recent News related to FPV Ventures
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Onshore (Formerly SPRX) Raises a $31M Series B to Rebuild the Tax Services Industry with Intelligent Automationintelligence360•Mar 12, 2026•Restive, FPV Ventures, Vertex Ventures, onShore Security and 2 others
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Translucent Secures $27M for Healthcare Finance AI PlatformHIT Consultant•Mar 11, 2026•Virtue, FPV Ventures, Google Ventures, New Enterprise Associates and 5 others
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Onshore (Formerly SPRX) Raises a $31M Series B to Rebuild theBakersfield•Feb 19, 2026•onShore Security, Restive, FPV Ventures, ADP and 4 others
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Anterior Completes $40M Funding RoundVC News Daily•Feb 13, 2026•Anterior, Sequoia Capital, New Enterprise Associates, Kinnevik and 2 others
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Integrate raises $17M Series A to help companies and the US government jointly manage classified projectsTechCrunch+•Feb 11, 2026•FPV Ventures, Integrate, Integrate, FUSE and 6 others
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Meridian Emerges from Stealth with $17M Seed for AI Financial ModelingTechCrunch+•Feb 11, 2026•Meridian, Andreessen Horowitz, Meridian, The General Partnership and 3 others
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Railway Raises $100 Million Series B As AI Pushes Today’s Cloud Infrastructure Past Its Limitsintelligence360•Feb 09, 2026•TQ Ventures, Railway, FPV Ventures, Unusual Ventures and 1 other
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Railway secures $100 million to challenge AWS with AI-native cloud infrastructureVentureBeat•Jan 22, 2026•Railway, Amazon Web Services, FPV Ventures, Unusual Ventures and 4 others
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Viven Secures $35M Funding for AI-Powered Digital Twins for EnterprisesTechStartups.com•Oct 15, 2025•Genpact, Eightfold, Vivian Maier, FPV Ventures and 13 others
