IVP, a Menlo Park, Calif. – based later-stage venture capital and growth equity firm, announced two new additions to its investment team.
Louisa Xu has joined as a Vice President and Jake Storm has joined as an Associate.
In addition, the firm has promoted Armaan Ali to Senior Associate.
Xu will focus on investing in later-stage, high-growth consumer and enterprise companies. Prior to joining IVP, Xu was with GIC’s Technology Investment Group, where she led and supported investments in DoorDash, Lime, Katerra, and Affirm.
She was a Board Observer at DoorDash. Xu began her career at Blackstone’s Private Equity Group in New York where she worked on leveraged buyouts in a variety of industries, from upstream energy to retail. Following Blackstone, she gained operating experience in data science at Enjoy and business operations at Cloudflare. Xu also co-founded cleverlayover, a travel tech startup.
Storm will focus on identifying and evaluating later-stage investments across the technology industry, including enterprise software, Internet and digital media, and mobile. Prior to joining IVP, he worked for Jefferies’ Technology Investment Banking group. At Jefferies, Storm worked on strategic and financing transactions as well as corporate advisory engagements for companies across the Internet, enterprise software and hardware sectors, including Apptio, Dropbox, SailPoint, and Zuora, among others. He also worked in sales at Zuora and Qualtrics.
Ali joined IVP in September 2016. He focuses on identifying and evaluating later-stage investments across the technology industry, including enterprise software, Internet and digital media, and mobile. Ali worked on IVP’s investments in Amplitude, Coinbase, The Players’ Tribune, Skydio, and Tanium, and is actively involved with IVP portfolio companies Ayasdi, Casper, Klarna, OnDeck (ONDK), Sauce Labs, Yext (YEXT), and ZEFR. Prior to joining IVP, he worked at Qatalyst Partners, a technology-focused boutique investment bank located in San Francisco.
IVP is currently investing IVP XVI, a $1.5 billion later-stage venture capital and growth equity fund, and manages $7 billion in committed capital.