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David Ibnale

Managing Partner at Advance Venture Partners

San Francisco, California

Overview 

David Ibnale is the Co-founder & Managing Partner of Advance Venture Partners in San Francisco, CA. He has an impressive track record of leading investments in notable companies like Boulder Care, AutoLeap, and Alto Solutions, contributing to their growth and success. With a strong background in private equity and venture capital, David has strategically invested in companies across various sectors such as ClimateTech/CleanTech, Consumer Internet, and Enterprise, while serving on the boards of multiple successful organizations like Headspace and UrbanSitter.

Work Experience 

  • Co-founder & Managing Partner

    2014 - Current

    Advance Venture Partners (AVP) is a multi-stage investment firm targeting high-growth technology and technology-enabled services businesses. The firm generally makes $10MM to $25MM initial investments in businesses that are generating revenue and have (a) evidence of product-market fit, (b) attractive economic models, (c) compelling growth and (d) excellent founding and/or management teams. AVP is differentiated in part by a highly-flexible and long-duration investment mandate - the firm's permanent capital base enables it to be a unique long-term partner for founders and management teams across all stages of a company’s lifecycle. For more information, please visit www.avp.vc

  • Investor / Board Member

    2024

Boulder is a telehealth provider of treatment and long-term support for people with substance use disorders

Raised $85,163,534.00 from Advance Venture Partners, First Round Capital, Laerdal Million Lives Fund and Jeff Trost.

  • Investor / Board Member

    2023

  • Investor / Board Member

    2021

  • Investor / Board Member

    2020

Headspace specializes in providing mental healthcare, including coaching therapy and psychiatry, as well as meditation mindfulness tools.

Raised $320,853,477.00 from Oxford Finance LLC.

  • Investor / Board Member

    2019

Morning Consult is a global decision intelligence company changing how modern leaders make smarter, faster, and better decisions.

Raised $91,030,000.00 from Susquehanna Growth Equity, Advance Venture Partners and Lupa Systems.

  • Investor / Board Member

    2018

Affinity is a relationship intelligence platform built to expand and evolve the traditional CRM.

Raised $120,000,000.00 from Sway Ventures, Menlo Ventures, Sprints, Invus Opportunities, MassMutual Ventures, Advance Venture Partners, Teamworthy Ventures, Pear VC and Brian Sheth.

  • Investor / Board Member

    2016

Curology is a cosmetic company that provides actual prescription skincare customized for their skin and delivered to their door.

Raised $19,150,000.00 from ACME Capital, IVP, Advance Venture Partners and TriplePoint Ventures.

  • Investor / Board Member

    2017

UrbanSitter is an online hub connecting families with babysitters through social networks.

Raised $40,208,616.00 from Menlo Ventures, Aspect Ventures, First Round Capital, Advance Venture Partners, Rustic Canyon Partners, DBL Partners, Courtney Broadus, Canaan Partners and Eric Ver Ploeg.

  • Investor / Board Member

    2015

Nativo is an advertising technology platform for brand advertisers and publishers to scale, automate, and measure native ads.

Raised $60,918,996.00 from Capital IP Investment Partners LP.

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