The Perplexity Fund is the corporate venture arm of Perplexity AI, launching a $50M fund investing in pre-seed and seed-stage AI startups. It is managed externally by Kelly Graziadei and Joanna Lee Shevelenko, co-founders of f7 Ventures, under the legal entity Perplexity F7 Fund I LP (GP: F7 AI GP I LLC).
36% of their portfolio is in AI. Deal activity increased 100% year-over-year (2 deals in the last 12 months). Their most common stage is seed (73% of deals). Average disclosed round size is $7.7M (across 8 rounds with reported amounts).
Portfolio
11
Fund Size
$50M
Top Stage
Seed
Last 12 Mo
5
Team
Joanna Lee Shevelenko
Co-Founder & General Partner
Kelly Graziadei
General Partner
Francisca Gilmore-Yulee
Investing in Pre-seed/Seed
Rangoli Bhattacharjee
Investor
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
Top Co-Investors
Last updated: 8 September 2026