MVP Ventures

Modern Venture Partners, also known as MVP Ventures, is a Menlo Park, California-based venture capital firm specializing in early-stage deep tech companies. Founded by industry luminaries Chris Albinson, former CEO of C100 and a partner at Andreessen Horowitz, and Andrew Viterbi, co-founder of Qualcomm, the firm brings a wealth of experience and a strong network to its portfolio. MVP Ventures focuses on identifying and nurturing startups that are building truly differentiated and defensible technologies across both software and hardware sectors, embodying a "Founders First" philosophy that prioritizes long-term partnership and strategic guidance.

The firm's investment strategy is centered on providing crucial capital and support to nascent companies poised for significant technological breakthroughs. Modern Venture Partners typically writes initial checks ranging from $500,000 to $2 million for seed-stage rounds, providing essential early capital to help founders validate their concepts and build initial products. For Series A rounds, the firm is prepared to invest up to $5 million, indicating a capacity for larger commitments as companies demonstrate traction and scale. This flexible approach allows MVP Ventures to engage with promising ventures at various critical junctures of their early development.

Modern Venture Partners has demonstrated its commitment to the deep tech ecosystem through its successful fundraising efforts. In 2023, the firm closed its inaugural fund, Modern Venture Partners Fund I, at $30 million, enabling it to begin deploying capital into its targeted sectors. Building on this momentum, MVP Ventures announced a target of $100 million for its second fund in 2024, signaling an ambitious expansion of its investment capacity. This growth trajectory underscores the firm's dedication to fostering innovation and supporting the next generation of deep tech leaders in the United States and beyond.