MVP Ventures announced the close of its second fund at $125 million, a significant increase from its $35 million debut fund. The new fund brings the firm’s total assets under management to more than $300 million. The early-stage venture capital firm, headquartered in San Francisco, invests at the intersection of artificial intelligence, hardware, and software, with an emphasis on becoming deeply involved post-investment.
Fund II has recorded 1.45 times the total value to paid-in capital since launch, placing it among the top-performing early-stage venture funds in its vintage. The firm emphasizes value creation rather than check size, continuing its approach of partnering with founders at the earliest stages, including before traditional seed rounds. The first fund also achieved top-quartile performance, and the firm’s prior investment track record before forming MVP ranked in the top five percent by both TVPI and DPI.
MVP Ventures has built a model where nearly half of its team focuses on post-investment support. The firm’s seven full-time partners come from institutions such as a16z, Robinhood, DocuSign, Morgan Stanley, and the Department of War. The approach prioritizes direct operational support in go-to-market strategies, hiring, capital access, and navigating government regulations. This approach has helped 30 companies expand MVP Ventures’ allocations through super pro-rata participation in subsequent financings led by firms such as Sequoia, Andreessen Horowitz, Founders Fund, Mayfield, and General Catalyst.
The firm has backed more than 75 companies, including Anduril, Neon (acquired by Databricks), Saronic, Stoke Space, Gecko Robotics, Exowatt, Turing, Lumilens, Dataminr, and Loft Orbital. More than 50 of these companies have publicly recognized MVP Ventures as the most valuable capital partner on their cap tables, a rate the firm says is substantially higher than the broader market. Founders frequently invite MVP back in follow-on financings and involve the team again when starting new ventures.
With Fund II now closed, MVP Ventures plans to continue expanding its operating support capabilities and maintain its approach to early-stage investments. The firm states that its long-term focus is to help founders build companies that define enduring market categories while maintaining closely aligned interests between investors and operating leadership.
KEY QUOTES
“Fund II is tangible proof that founders reward execution. When you consistently support them in winning customers, hiring leaders, and driving great rounds, they invite you back. Trust and compounding access drive real performance.”
Andre de Baubigny, Managing Partner and Co-founder of MVP Ventures
“Supporting founders is more than strategy; it’s good business. We’ve built ten times more post-investment infrastructure than our peers. We push ourselves to create unfair advantages — whether through our LP base, tech stack, or expanding our team — that other firms can’t, or are unwilling to do.”
Weston Moyer, Managing Partner and Co-founder of MVP Ventures
“We love MVP Ventures on our cap table because they’re the only investors we’ve met who hustle as hard as founders. MVP Ventures works harder on our behalf when we call, even with their money already in.”
Bill Gross, Founder and CEO of ProRata.ai
