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Perplexity Fund is a venture capital organization established in February 2025, based in the United States. The fund focuses on investing in early-stage artificial intelligence (AI) companies that are shaping the future of AI technology. With a target fund size of $50 million, Perplexity Fund is dedicated to supporting startups that leverage AI to enhance business operations across various sectors.
The firm currently manages a portfolio of 14 companies, reflecting its active engagement in the startup ecosystem. Perplexity Fund's unique advantage stems from its connection to Perplexity AI, which has approximately 80,000 developers utilizing its API. This relationship provides portfolio companies with direct access to a vast network of AI talent and resources, enhancing their growth potential.
Notable milestones include the successful launch of the fund and its rapid portfolio development, positioning Perplexity Fund as a significant player in the early-stage AI investment landscape.
Perplexity Fund primarily invests in early-stage companies within the United States, focusing on sectors such as artificial intelligence, enterprise software, commerce, and government technology. The fund targets pre-seed, seed, and Series A stages, with a check size range that aligns with its $50 million fund size. The investment thesis emphasizes enhancing business operations and services through AI technology, making it a key player in the evolving AI landscape.
Perplexity Fund seeks to partner with innovative startups that are at the forefront of AI advancements. The firm looks for founders who demonstrate a strong vision and capability to execute their ideas. Deal structures typically involve equity investments, and the fund is open to co-investment opportunities with other investors to maximize support for portfolio companies.
Perplexity Fund's portfolio includes 14 notable companies, each contributing to the advancement of AI technology across various sectors:
This diverse portfolio showcases Perplexity Fund's commitment to investing in companies that are leveraging AI to drive innovation and efficiency across multiple industries.
Kelly Graziadei: General Partner at Perplexity Fund, co-founder of f7 Ventures, with extensive experience in early-stage investments and a strong background in technology.
Joanna Lee Shevelenko: General Partner at Perplexity Fund, also a co-founder of f7 Ventures, bringing expertise in venture capital and a deep understanding of the AI sector.
To pitch to Perplexity Fund, founders should use the preferred channel of their website at perplexityfund.ai or email hello@perplexityfund.ai. The pitch deck should include a clear overview of the business model, market opportunity, and team qualifications. Founders can expect a response within a few weeks, and warm introductions are encouraged to enhance the chances of engagement.
Since its launch on February 25, 2025, Perplexity Fund has been actively building its portfolio, which currently includes 14 companies. The fund emphasizes its mission to support businesses that are defining the future of AI technology, particularly in enterprise software and AI infrastructure.
Recent media coverage includes articles from TechCrunch and CNBC, highlighting the fund's focus on early-stage AI investments and its unique structural edge through its connection to Perplexity AI.
What are Perplexity Fund's investment criteria?
Perplexity Fund invests in early-stage companies, particularly in the AI sector, focusing on enterprise software, commerce, and government technology. The fund targets pre-seed, seed, and Series A stages.
How can startups apply or pitch to Perplexity Fund?
Startups can pitch to Perplexity Fund through their website at perplexityfund.ai or via email at hello@perplexityfund.ai. A detailed pitch deck should be included, outlining the business model, market opportunity, and team qualifications.
What makes Perplexity Fund different from other venture capital firms?
Perplexity Fund's unique advantage lies in its connection to Perplexity AI, which provides portfolio companies with access to a vast network of developers and industry expertise, enhancing their growth potential beyond just capital investment.
What is the geographic scope of Perplexity Fund's investments?
The fund primarily invests in early-stage companies located in the United States, focusing on those that are leveraging AI technology.
What is the typical check size for investments?
While specific check sizes are not disclosed, Perplexity Fund's total fund size is $50 million, indicating a focus on substantial early-stage investments.
What kind of post-investment involvement does Perplexity Fund have?
Perplexity Fund provides portfolio companies with access to its models, collaborative opportunities, and industry expertise, ensuring active support beyond financial investment.
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