FPV Ventures is a new $450M Fund founded by Pegah Ebrahimi and Wesley Chan that backs and serves mission-driven founders. FPV is an investor in Canva, Flexport, Guild Education, Xilis, and Manifold Bio. Most of the fund’s investors/LPs are mission-driven endowments for charities, foundations, and universities doing great things for the world.

WATCH: FPV Ventures Co-Founders and Managing Partners Pegah Ebrahimi and Wesley Chan talk about their new FPV Ventures fund and where they plan to invest.Source: Bloomberg

Morgan Stanley, Felicis Alums Raise $450 Million for Debut Fund

Felicis’ Chan made early bets on Robinhood, Gusto and Plaid
Ebrahimi was COO of Morgan Stanley global technology banking

By Katie Roof, June 15, 2022, 7:00 AM PDT

Felicis Ventures and Morgan Stanley alumni Wesley Chan and Pegah Ebrahimi have raised $450 million for a debut fund that launches their venture capital firm FPV, defying the sour mood among private technology investors.

The pair will be investing across all stages, with an emphasis on early stage deals, where they have experience. Chan, who recently left venture capital firm Felicis and previously worked at Alphabet Inc.’s venture arm GV, made early bets on Flexport Inc., Robinhood Markets Inc., Plaid Inc. and Gusto.

FPV Founders, Pegah Ebrahimi & Wesley Chan.

After just recovering from cancer, Robinhood, Canva & Plaid backer @weschan is leaving Felicis to launch a new venture firm with Morgan Stanley alum Pegah Ebrahimi. It’s $450m for a first time fund, which is a lot in any environment, especially this one. https://t.co/5dsnO4gYE7

— Katie Roof (@Katie_Roof) June 15, 2022

Congrats Pegah! So excited to see your launch and look forward to working with you and Wes again!

— Jon Sakoda (@jonsakoda) June 15, 2022

Let’s Go! Excited to talk about my next chapter: FPV Ventures a new $450m early stage fund to back and serve mission driven founders with my long time friend @weschan https://t.co/rDFTytS8AX

— PEGAH EBRAHIMI (@_PegahEbrahimi) June 15, 2022

So excited for @_PegahEbrahimi & @weschan and the launch of FPV! Two amazing humans joining forces to create something epic!https://t.co/RD8waTst5h

— Amy Chang (@_amychang) June 16, 2022

Excited to finally talk about my next chapter: FPV Ventures, a new $450M early stage fund to back and serve mission driven founders. So excited! https://t.co/mZ1xicXhxt

— Wesley Chan (@weschan) June 15, 2022