DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / FPV Management, LLC
FPV Management, LLC
venture manager, reported GAV $450M across 4 vehicles
Importance
31
moderate
Active deployment
33
moderate
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
14
low
Identity and regulatory footprint
- Headquarters
- Jackson, WYadviserinfo.sec.gov
- Office address
- 680 S CACHE STREET, SUITE 100-10400, Jackson, WY, 83001adviserinfo.sec.gov
- Business phone
- (206) 420-6500adviserinfo.sec.gov
- Website
- https://fpvventures.com/
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 13, 2026
- Private funds reported
- 4 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.1Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- (206) 420-6500adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
Other 50%Biotechnology 50%
lead rate n/afollow-on rate n/anew logos, 12 months 2
Funds and vehicles
4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| FPV Strand SPV, L.P. | SPV or co-invest vehicle | 2025 form d first sale | Fundraising | unknown | unknown | $3.0M | Apr 3, 2026 |
| FPV Fund I, LP | Fund | 2022 form d first sale | Active deployment | $442M Mar 7, 2024 | 114 | $358M | Apr 11, 2022 |
| FPV Fund I-F, LP | Fund | unknown | Unknown | $8.3M Mar 7, 2024 | 59 | unknown | unknown |
| FPV Fund II, L.P. | Fund | unknown | Unknown | unknown | unknown | $0 | Feb 3, 2025 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
4 current, 0 departed
Pegah Ebrahimi
Managing partnerCo-founder & Managing Partner
Pegah Ebrahimi
Managing partnerManaging Member · since Dec 1, 2021
Wesley Chan
Managing partnerCo-founder & Managing Partner
Wesley T Chan
Managing partnerManaging Member · since Dec 1, 2021
Investments on record
2 edges, 2 companies, 2 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Piston Technologies, Inc. | board seat | unknown · board | Pegah Ebrahimi (strongly supported) | unknown | unknown | Jun 1, 2026 | Inference SEC EDGAR Form D data sets (quarterly) |
| Strand Therapeutics Inc. | board seat | unknown · board | Pegah Ebrahimi (strongly supported) | unknown | unknown | Mar 17, 2026 | Inference SEC EDGAR Form D data sets (quarterly) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
1 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
4 dated events
- Sep 15, 2026FPV Management, LLC: MICRO_VC -> INSTITUTIONAL_VC (venture manager, reported GAV $450M across 4 vehicles)Classification changedClassificationInferenceno URL
- May 10, 2022FPV Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 10, 2022FPV Fund I, LP first reported on Form ADV by FPV Management, LLC (Venture Capital Fund), GAV $422,315,000Fund first reported on Form ADVFundsFactFPV Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 10, 2022FPV Fund I-F, LP first reported on Form ADV by FPV Management, LLC (Venture Capital Fund), GAV $7,175,000Fund first reported on Form ADVFundsFactFPV Fund I-F, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 15, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $450M across 4 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $8.3M across 3 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $8.3M across 1 vehicles
Evidence
36 observations from 3 sources