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).
30% of their portfolio is in AI. Their most common stage is seed (70% of deals). Average disclosed round size is $7.6M (across 7 rounds with reported amounts).
Portfolio
10
Fund Size
$50M
Top Stage
Seed
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
10 investments
Top Co-Investors
Revaia2 shared
GV1 shared
Figma Ventures1 shared
Z Fellows1 shared
Caffeinated Capital1 shared
Solana Ventures1 shared
OpenAI Startup Fund1 shared
Bessemer Venture Partners1 shared
S321 shared
General Catalyst1 shared
MaC Venture Capital1 shared
Toyota Ventures1 shared
Foundation Capital1 shared
BoldCap1 shared
Samsung Next1 shared
Hitachi Ventures1 shared
GS Futures1 shared
B371 shared
Mercury Fund1 shared
Earl Grey Capital1 shared
Last updated: 20 October 2026