Dennis Phelps

Dennis Phelps is a highly experienced General Partner at IVP, a prominent later-stage venture capital and growth equity firm based in Menlo Park, California. He joined IVP in 1999, bringing a deep understanding of the technology landscape and a focus on identifying high-growth companies. His investment strategy primarily targets enterprise software, internet, and mobile sectors, seeking out disruptive technologies and strong market traction.

Phelps has been instrumental in numerous successful investments and exits for IVP, demonstrating a keen eye for companies poised for significant scale. Notable successes include leading IVP's investment in AppDynamics, which was acquired by Cisco for $3.7 billion, and Buddy Media, acquired by Salesforce for $689 million. He also played a key role in the growth and public offerings of companies such as Pure Storage, Domo, OnDeck, Sumo Logic, UiPath, and ZipRecruiter, guiding them through critical stages of development.

Currently, Phelps remains actively involved with IVP's portfolio, holding board positions or providing strategic guidance to companies like Attentive, Datadog, HashiCorp, Klarna, Lime, and Rubrik. Under his leadership and that of his partners, IVP continues to deploy substantial capital, reinforcing its commitment to the growth equity market. For instance, the firm announced its eighteenth fund, IVP XVIII, with $1.8 billion in capital commitments in April 2021, following its $1.5 billion IVP XVII fund, underscoring its capacity to provide significant funding to market-leading technology companies.