Venture capital and growth equity firm IVP has announced the appointment of Ajay Vashee as a General Partner. Mr. Vashee is a former Chief Financial Officer at Dropbox, and will focus on investing in high-growth tech companies, such as SaaS, collaboration software, and subscription businesses.
“We first met Ajay nearly a decade ago while he was working in venture at NEA((https://theorg.com/org/new-enterprise-associates/org-chart), and have been fortunate to partner with him since our investment in Dropbox,” said IVP General Partner Somesh Dash. “We’ve been incredibly impressed by his ability to navigate the company through each stage of its growth. His experience building and scaling teams, leading large organizations, and managing a transition to the public markets will be a huge asset to both our portfolio companies and prospective investments.”
During his eight year tenure at Dropbox, Mr. Vashee led the company through its first successful IPO, and was influential in scaling the business from $45 million to nearly $2 billion in revenue. He has also served in investing roles at NEA and Morgan Stanley.
“I’ve had the privilege of working closely with IVP over the past eight years, and I know there’s not a better growth stage team or platform out there. They have an unparalleled track record of success and a deep commitment to their portfolio companies, and I’m thrilled to join the firm,” said Mr. Vashee. “The proliferation of productivity tools, tectonic shifts in distributed work, and fundamental re-architecture of the enterprise tech stack make this a really exciting time to be investing. I’m looking forward to leveraging my experience to help visionary entrepreneurs build the next generation of impactful and enduring technology companies.”