About IOVC
IOVC is a venture capital firm founded in 2016. It is primarily based out of San Francisco, United States. As of Jul 2018, IOVC has invested in 47 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Seed round of Dray Alliance Overall, IOVC portfolio has seen 5 unicorns, 1 IPO and 11 acquisitions including key companies like Instacart, Checkr and GrubMarket. A lot of funds co-invest with IOVC, with names like Act One Ventures sharing a substantial percentage of its portfolio. IOVC has team of 12 people including 4 partners.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
IOVC's List of Top Investments
IOVC has a portfolio of 47 companies, including 5 unicorns. Their most notable investments include Instacart and Checkr.Their portfolio spans across United States, China, Estonia and 4 more locations. They have invested in Enterprise Applications, High Tech, Retail and 24 other sectors, across stages such as Seed stage. Here is the list of top investments by IOVC:1. Instacart
Operator of an online marketplace providing grocery and delivery services. The platform connects customers with personal shoppers who fulfill orders from various retailers. Customers can select items, chat with shoppers, and schedule delivery or pickup. The marketplace offers a range of grocery, household, and other retail products. It also provides options for membership and business accounts.
Key facts about Instacart
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $2.93B
- Employee Count: 24,771 as on May 31, 2026
- Investors: TCV, TrueBridge and 84 Others
- Latest Funding Round: Series F, Oct 15, 2021, $*****
- Highlight: Public
2. Checkr
Provider of background checks, identity verification, and compliance management solutions. The company offers tools for adjudication, assessment, and analytics. It facilitates criminal background checks, employment verification, and driving record checks. The platform also supports drug testing, healthcare checks, and education verification. It provides integrations, compliance tools, and candidate management capabilities.
Key facts about Checkr
- Founded Year: 2014
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $680M
- Employee Count: 1,783 as on May 31, 2026
- Investors: Fidelity Investments, T. Rowe Price and 46 Others
- Latest Funding Round: Series E, Apr 01, 2022, $*****
- Highlight: Editors' Pick
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3. GrubMarket
Food technology company digitizing the food supply chain through B2B eCommerce. It operates a multi-layer platform that connects wholesale food distribution, B2B eCommerce, direct-to-consumer food delivery, and enterprise SaaS tools for supply chain management. It provides a B2B marketplace that connects growers, wholesalers, distributors, grocers, restaurants, and institutional buyers, enabling access to a wide network of fresh food products at scale.
Key facts about GrubMarket
- Founded Year: 2014
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $908M
- Employee Count: 116 as on May 31, 2026
- Investors: Millennium Technology Value Partners, AME Cloud Ventures and 101 Others
- Latest Funding Round: Series H, Feb 02, 2026, $*****
- Highlight: Editors' Pick
4. Wefunder
Fundraising platform for start-ups. Investors create a portfolio and diversify their capital amounts by investing in multiple startups for an investment term. It features tools for assessing risks, managing investment leads, and contracts for users.
Key facts about Wefunder
- Founded Year: 2011
- Location: San Francisco (United States)
- Annual Revenue: $10M - $50M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $41M
- Employee Count: 1 as on Apr 30, 2025
- Investors: SierraMaya360, Orthogonal Thinker and 27 Others
- Latest Funding Round: Series C, Oct 25, 2024, $*****
- Highlight: Editors' Pick
5. Theta Token
Decentralized video delivery platform. It offers decentralized peer to peer video delivery platform. Users earn Theta tokens as a reward for sharing bandwidth and resources. Video streaming platforms and content providers can build customized Dapps via the platform.
Key facts about Theta Token
- Founded Year: 2016
- Location: Cupertino (United States)
- Stage: Series A
- Total Funding till date: $9.26M
- Employee Count: 38 as on Mar 31, 2026
- Investors: Advancit Capital, DHVC and 35 Others
- Latest Funding Round: Series A, Dec 06, 2023, $*****
- Highlight: Editors' Pick
IOVC's Year-on-Year Investment Trends
Its most recent first time investment was in Dray Alliance.IOVC's Investments by Stage
IOVC has made 1 investment in Seed stage with an average round size of $1.36M.IOVC's Investments by Sector
IOVC has a diverse portfolio, with companies operating in the Consumer, Gig Economy and Transportation and Logistics Tech. Notably, it has invested in 41 Tech companies, 34 Enterprise (B2B) companies, 24 Software companies and at least 16 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Consumer | 1 |
Gig Economy | 1 |
Transportation and Logistics Tech | 1 |
Note: We have considered here, only first round of investments
IOVC's Investments by Geography
IOVC has made most investments in United States (1).IOVC's recent investments
IOVC has not made any investment in 2026 so far.Here are the most recent investments by IOVC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 16, 2018 | United States | Seed | 7184 | [+3] |
Unicorns in IOVC's Portfolio
IOVC has 5 unicorns in its portfolio - Imbue, Mashgin, GrubMarket and others. The most recent unicorn in their portfolio is Imbue. It became a unicorn in 2023, 2 years before IOVC first invested in it.Here is a list of unicorns in IOVC's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
51 | Provider of AI systems optimized for reasoning, imbuing computers | 2020 | San Francisco | Series B | amnxaex | ||
51 | Developer of an AI-powered platform for streamlining retail checkout processes | 2013 | Palo Alto | Series B | {aypywm | ||
75 | Food technology company digitizing the food supply chain through B2B eCommerce | 2014 | San Francisco | Series H | yjivlro | ||
66 | Manufacturer of supersonic passenger airplanes | 2014 | Denver | Series B | aindbzw | ||
76 | Provider of background checks, identity verification, and compliance management solutions | 2014 | San Francisco | Series E | qhzus{z |
IPOs and Publicly Listed companies in IOVC's Portfolio
1 of IOVC's portfolio company became public - Instacart. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2023 at marketcap of $8.3BHere are IOVC's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 19, 2023 | - | - | 7428 |
Acquired companies in IOVC's Portfolio
11 companies from IOVC's portfolio have been acquired. The most recent acquisition was Garten in Apr 2025 by Hungry for $*****.Here are IOVC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 14, 2025 | - | - | 6417 | |
Mar 11, 2025 | Jul 16, 2018 | Seed | 6856 | |
Sep 01, 2024 | - | - | 4387 | |
Apr 02, 2024 | - | - | 3828 | |
Nov 15, 2022 | - | - | 7825 |
Team profile of IOVC
IOVC has a team of 12 members including 4 Partners and 8 Venture Partners located in United States and Gibraltar. IOVC's team does not sit on the board of any company as of now.Here is a list of top team members in IOVC:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Gibraltar | - | ||
Partner | Berkeley | - | ||
Partner | San Francisco | - | ||
Partner | Los Angeles | - | ||
Venture Partner | - | - | - | |
Venture Partner | California | - | - | |
Venture Partner | San Francisco | - | - | |
Venture Partner | California | - | - | |
Venture Partner | San Francisco | - | - | |
Venture Partner | United States | - | - | |
Venture Partner | United States | - | - |
Co-investors of IOVC
Over the past 8 years, 11 investors have co-invested in IOVC's portfolio companies. This includes funds and angels.
- Top Co-investors of IOVC: 4 investors entered a company along with IOVC. These include investors like Act One Ventures (1 company).
- Invested after IOVC: A total of 7 investors have invested in IOVC's portfolio after their investments. Top Investors include Matrix (1 company), Craft Ventures (1 company) and Karman (1 company).
