A second species of the Chilean endemic Ivania, I. juncalensis, is described and illustrated. It is readily distinguished from the generic type I. cremnophila, which is also known only from the type collection, by its pinnatifid and oblong to lanceolate (vs. entire or dentate and cordate to subreniform) basal leaves, smaller flowers (ovate sepals 2.5–3 mm long and spatulate petals 6–7.5 × 2.5–3 mm vs. oblong sepals 5–6 mm long and broadly obovate petals 11–13 × 5–6 mm), and strongly 2-lobed (vs. entire) stigma.