Perplexity Fund
Perplexity Fund is an early-stage venture capital fund based in San Francisco, focused on investing in AI companies that are poised to define the next decade. Founded in 2024, the fund supports pre-seed and seed startups, with a reported fund size of $50 million. Co-founders Kelly Graziadei and Joanna Lee Shevelenko lead the initiative, which also includes a startup program that connects eligible companies to a broader ecosystem and partner network. The fund primarily targets early-stage AI startups, particularly those involved in applications and infrastructure. Notable portfolio companies i
Investing activity
Perplexity Fund appears in 1 AI deal tracked by the AI Lounge deals desk. The rounds are mostly Seed, with a median round size of $8M. The most recent is Graphon AI (Seed, $8.3M, Jun 2026).
Perplexity Fund most often invests alongside Novera Ventures, B37 Ventures, Aurum Partners and Samsung Next, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Perplexity Fund
What AI companies has Perplexity Fund invested in?
Perplexity Fund's AI investments include Graphon AI. The 1 round on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Perplexity Fund based?
Perplexity Fund is based in San Francisco, California, United States.
What stage does Perplexity Fund invest at?
In the rounds tracked on AI Lounge, Perplexity Fund has invested at Seed, with a median round of $8M.
Who does Perplexity Fund co-invest with?
Perplexity Fund's most frequent co-investors on AI Lounge are Novera Ventures (1 deal), B37 Ventures (1 deal), Aurum Partners (1 deal), Samsung Next (1 deal) and GS Futures (1 deal).
How can founders reach Perplexity Fund?
Founders on AI Lounge can see Perplexity Fund's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Perplexity Fund to their Investor Pipeline to track the conversation.