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Performance Ventures is a venture capital firm founded in 2021 and based in London. The firm focuses on investing in companies that enable or utilize artificial intelligence (AI) at their core. Since its inception, Performance Ventures has aimed to support entrepreneurs and investor partners globally, emphasizing the transformative potential of AI across various industries.
As of now, the firm operates with a small team and has a portfolio of 13 companies. Performance Ventures is committed to identifying and backing startups that demonstrate strong teams, growing markets, and AI-driven product traction. The firm’s investment strategy is rooted in the belief that AI is a critical driver of innovation and growth.
Performance Ventures has positioned itself as a key player in the venture capital space, particularly in the AI sector. The firm’s London base allows it to tap into a vibrant startup ecosystem while also maintaining a global investment outlook.
Performance Ventures invests primarily in sectors related to artificial intelligence, including healthcare, fintech, consumer products, and more. The firm targets early-stage companies, specifically in Seed, Series A, and Series B funding rounds. Their investment thesis emphasizes the importance of AI as a driving force for innovation and growth, seeking companies that demonstrate a strong team, a growing market, and AI-driven product traction.
The firm looks for startups that not only utilize AI but also enable its application across various industries. Performance Ventures believes that the rising tide of tech innovation lifts all boats, and they aim to invest in that tide. Their criteria for selection include a rockstar team, a growing market, and significant AI-driven product traction, ensuring that they back companies with the potential for substantial impact.
Performance Ventures has a diverse portfolio of 13 companies, primarily focused on AI-driven solutions. Notable portfolio companies include:
This portfolio reflects Performance Ventures' commitment to investing in companies that harness the power of AI across various sectors, showcasing a blend of innovative solutions and technologies.
Neer Nagda: Neer serves as an investor at a single family office and is a portfolio advisor with extensive experience in early-stage companies. His background includes advising high-net-worth individuals, corporates, and sovereign wealth funds, with a focus on B2B and corporate development.
Sameen Jalal: Sameen is a Venture Partner at Republic and previously served as Engineering Director at Wayve AI, specializing in autonomous vehicles and applied machine learning. He has also held significant roles at Facebook/Meta, focusing on privacy, security, and integrity, as well as at Google and SinglePlatform, which was acquired for $100 million.
To pitch Performance Ventures, founders should use the preferred channel outlined on their website at perf.vc/join-us. It is recommended to include a comprehensive deck that outlines the team, market opportunity, and AI-driven product details. Performance Ventures appreciates clear and concise presentations that effectively communicate the startup's vision and potential.
Response times may vary, but founders can expect to hear back regarding their submissions. Warm introductions are beneficial but not mandatory.
As of April 2023, Performance Ventures has not publicly announced any recent investments or exits. The firm has maintained a low profile in terms of deal activity, suggesting it may operate more as a scout-style or family-office-adjacent vehicle rather than a lead-check institutional fund.
Performance Ventures' portfolio page has not been updated to reflect the bankruptcy of Rain Neuromorphics, indicating a potential need for site maintenance and updates on their investment activities.
What are Performance Ventures' investment criteria?
Performance Ventures looks for companies that enable or utilize AI at their core. They prioritize startups with strong teams, growing markets, and AI-driven product traction.
How can I pitch to Performance Ventures?
Founders can pitch Performance Ventures through their website at perf.vc/join-us or by emailing in@perf.vc. They recommend including detailed information about your team, market opportunity, and AI-driven product.
What makes Performance Ventures different from other investors?
Performance Ventures specializes in AI-centric investments, focusing on the transformative potential of AI across various industries. Their team has extensive experience in AI and technology, which they leverage to support portfolio companies.
What is the geographic focus of Performance Ventures?
The firm invests globally, with a particular emphasis on Europe. They are committed to supporting entrepreneurs and investor partners worldwide.
What is the typical check size for investments?
Specific check sizes are not publicly disclosed, but Performance Ventures invests in Seed, Series A, and Series B funding rounds, indicating a focus on early-stage investments.
What kind of post-investment support does Performance Ventures provide?
Performance Ventures adds value to its portfolio companies by providing strategic guidance, leveraging industry connections, and sharing their extensive experience in AI and technology.
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