FPV Ventures is a mission-driven venture capital firm founded in 2021 by Wesley Chan and Pegah Ebrahimi, with offices in the U.S. The firm backs ambitious founders who build long-term, enduring companies with the potential to become generational businesses. FPV’s core philosophy is rooted in the belief that resilient, purpose-led companies deliver the most consistent and outsized returns, especially in volatile markets. FPV stands for Founders, Purpose, and Vision, reflecting the firm’s commitment to supporting startups that tackle meaningful challenges, defy short-term trends, and strive to compound value over time. With nearly $1 billion in assets under management, FPV Ventures has quickly established itself as a top-tier backer of breakout tech companies globally.
FPV Ventures invests in early to growth-stage startups, particularly those with strong missions, long-term visions, and the grit to thrive through uncertain economic climates.
The firm is sector-agnostic but especially drawn to companies that challenge the status quo, deliver deep technological value, and prioritize impact over hype.
Key investment themes include enterprise and productivity software, healthtech and biotech, AI and frontier technologies, vertical SaaS, consumer platforms with strong network effects.
FPV’s ideal founder is one who is willing to go against the grain, pursue bold missions, and build in overlooked or misunderstood spaces.
In 2025, FPV Ventures announced the close of Fund II, a $525 million vehicle that brings its total assets under management to nearly $1 billion. Fund II will continue the firm’s focus on backing mission-driven founders building resilient companies capable of compounding value through any market cycle.
This fund allows FPV to make initial investments ranging from seed to Series B, with substantial reserves for follow-on participation. The firm is known for taking long-term positions in category-defining companies and often leads or co-leads rounds with high conviction.
Leadership
FPV Ventures was founded by Wesley Chan, General Partner – Formerly a GP at Felicis Ventures and Pegah Ebrahimi, General Partner – Former COO of Morgan Stanley’s Global Technology Banking and former CIO at Cisco Collaboration.
While Wesley is known for leading early investments in Canva, Ring, and Robinhood, Pegah brings deep experience in finance and enterprise strategy.
Together, the duo brings a rare combination of technical depth, financial expertise, and founder empathy.
Investment Strategy
FPV invests in companies it believes can compound for decades, often entering when others pass due to uncertainty or unconventional ideas. The firm values long-term vision over short-term traction and partners with founders who want steady, hype-resistant guidance.
FPV supports companies with capital, operational experience, and access to a trusted network of mission-aligned partners. It often provides help across product strategy, hiring, enterprise sales, and fundraising readiness.
Notable Investments
Notable investments by FPV Ventures include Canva, the design platform and AI suite for creators where the firm led the Series A round;
Strand Therapeutics, a biotech company developing mRNA-based cancer treatments;
PsiQuantum, which is building next-generation quantum computing infrastructure;
Enveda Biosciences, a company using AI to discover new drugs from natural compounds;
XOPS, a platform focused on advanced automation and operations. In addition to these, FPV has made over 30 other investments across the health, enterprise, and frontier technology sectors.
