IVP, a Menlo Park, Calif.-based later-stage venture capital and growth equity firm, announced that Ajay Vashee is joining as a General Partner.
Vashee brings deep operational and financial experience to the role, and will invest in high-growth technology companies across a range of markets, with an initial focus on SaaS, collaboration software, and subscription businesses.
Most recently, Vashee was Chief Financial Officer of Dropbox, where he led the company through its IPO and first several years as a public company. During his tenure, Vashee helped Dropbox scale from $45M to nearly $2B in revenue, and from 50 million to more than 600 million users. Over that time, the employee base grew 30-fold, and the company opened offices across North America, Europe, the Middle East, and Asia Pacific. Vashee built the finance, corporate development, and real estate organizations from the ground up, and under his leadership, Dropbox made close to a dozen acquisitions.
Prior to Dropbox, he spent four years at NEA investing in venture and growth-stage enterprise, consumer, and energy companies. Vashee began his career in the investment banking division of Morgan Stanley. Ajay graduated from Columbia University with a B.A. in Economics and Political Science.
With $7 billion of committed capital, IVP is one of the premier later-stage venture capital and growth equity firms in the United States. Founded in 1980, IVP has invested in over 400 companies with 115 IPOs. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. IVP investments include such notable companies as AppDynamics (CSCO), Coinbase, Compass, CrowdStrike (CRWD), Datadog (DDOG), Discord, Dropbox (DBX), GitHub (MSFT), Glossier, Grammarly, HashiCorp, Hims & Hers, HomeAway (AWAY), Hopin, Klarna, LegalZoom, Looker (GOOGL), Marketo (MKTO), MasterClass, Mindbody (Vista), MuleSoft (CRM), Netflix (NFLX), Personal Capital (Empower), Podium, Rubrik, Slack (WORK), Snap (SNAP), Supercell (Tencent), Tanium, TransferWise, Twitter (TWTR), UiPath, Yext (YEXT), ZenDesk (ZEN), ZipRecruiter, and Zynga (ZNGA).