Presence Capital

Presence Capital is an investment firm that finances virtual reality and augmented reality startups.

ActiveVenture Capital

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Updated: Feb 17, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Sep 1, 2025	GLHF	$2.0M Seed	—	Infinity Ventures Crypto, Palm Tree Crew Investments
Apr 1, 2025	Sparrow Quantum	$24.0M Series A	—	2xN, Founder Collective, Goat Capital, LIFTT, Tuesday Capital, Andy Coravos, Emmett Shear, Immad Akhund, Kyle Vogt, Nicholas Moryl, Samvit Ramadurgam
Oct 1, 2024	Yuma AI	$5.0M Seed	—	2xN, Andreessen Horowitz, Avalanche VC, Bling Capital, BR Capital, Calm/Storm Ventures, Define Ventures, Dunce Capital, Equal Ventures, Founder Collective, Goat Capital, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Ravelin Capital, Runa Capital, session vc, Tuesday Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Andy Coravos, Bradley Horowitz, Immad Akhund, Kyle Vogt, Nicholas Moryl, Samvit Ramadurgam, Trent McConaghy
Sep 1, 2024	Cerrion	$5.0M Seed	—	2xN, Founder Collective, Goat Capital, session vc, Tuesday Capital, Andy Coravos, Emmett Shear, Immad Akhund, Kyle Vogt, Nicholas Moryl, Samvit Ramadurgam
Jul 1, 2024	Odyssey	$9.0M Seed	—	2xN, Afore Capital, Alumni Ventures, Craft Ventures, Fifth Wall, FJ Labs, Founder Collective, Foundry Group, FPV Fund, Goat Capital, Invariantes Fund, K2 Global, Madrona Ventures, Octopus Ventures, Overwater Ventures, RRE Ventures, Second Century Ventures, Trajectory Ventures, Tuesday Capital, Y Combinator, Adam D'Angelo, Adam Gross, Andy Coravos, Emmett Shear, Georges Harik, Greg Brockman, Immad Akhund, Jeff Hammerbacher, Lukas Biewald, Marc Benioff, Nicholas Moryl, Sahin Boydas, Samvit Ramadurgam, Scott Belsky, Thomas Tull, Guillermo Rauch
Jul 1, 2024	RxDiet	$3.0M Seed	—	2xN, Founder Collective, Goat Capital, Tuesday Capital, Andy Coravos, Emmett Shear, Kyle Vogt, Nicholas Moryl, Samvit Ramadurgam
Dec 1, 2023	Essential AI	$57.0M Series A	—	Amplify Partners, Benchmark, Bling Capital, BoxGroup, Caffeinated Capital, CITG Capital, Coatue, Conviction Partners, CRV, Founder Collective, Franklin Templeton Investments, Freestyle Capital, Greenoaks Capital, Inspired Capital, March Capital, Matrix, Sarah Smith Fund, SNR, Sound Ventures, Thrive Capital, Two Sigma Ventures, Aaron Harris, Eric Wu, Evan Lee, Joshua Reeves, Mei Z., Michael Birch, Othman Laraki, Scott Belsky
May 1, 2023	Sparrow Quantum	$4.0M Seed	—	2xN, Amadeus Capital Partners, Founder Collective, Goat Capital, Hoxton Ventures, LIFTT, Tuesday Capital, Voima Ventures, Andy Coravos, Emmett Shear, Immad Akhund, Kyle Vogt, Nicholas Moryl, Samvit Ramadurgam
May 1, 2023	Essential AI	$8.0M Seed	—	Amplify Partners, Battery Ventures, Benchmark, Bling Capital, BoxGroup, Caffeinated Capital, CITG Capital, Coatue, Conviction Partners, CRV, Founder Collective, Franklin Templeton Investments, Freestyle Capital, Greenoaks Capital, Greylock, Inspired Capital, Matrix, Sarah Smith Fund, SNR, Sound Ventures, Thrive Capital, Two Sigma Ventures, Aaron Harris, Bob Muglia, Eric Wu, Evan Lee, Joshua Reeves, Michael Birch, Othman Laraki, Scott Belsky
Jul 1, 2022	Paladin Cloud	$3.0M Seed	—	Andreessen Horowitz, Balderton Capital, Bowery Capital, Buckley Ventures, Canvas Ventures, DCM, Electric Capital, Footwork, General Catalyst, Goat Capital, Human Capital, Kindred Ventures, Kleiner Perkins, Pioneer Fund, Quiet Capital, Gil Penchina, South Park Commons, The General Partnership, UpHonest Capital, VitalStage Ventures, Adrian Aoun, Charlie Songhurst, Chris Fanini, Desmond Lim, Dharmesh Shah, Emmett Shear, Immad Akhund, Karim Atiyeh, Kevin Lin, Kyle Vogt, Manish Shah, Matt Brezina, Michał Borkowski, Mikhail Seregine, Paul McKellar, Rene Reinsberg, Sam Altman, Samvit Ramadurgam, Sohail Prasad, Tikhon Bernstam, Tirto Adji, Travis Vanderzanden, Wayne Chang
May 1, 2022	Sleuth	$22.0M Series A	—	Amplify Partners, Benchmark, Bling Capital, BoxGroup, Caffeinated Capital, CITG Capital, Coatue, CRV, Founder Collective, Franklin Templeton Investments, Freestyle Capital, Greenoaks Capital, Inspired Capital, Matrix, Sarah Smith Fund, SNR, Sound Ventures, Thrive Capital, Two Sigma Ventures, Aaron Harris, Eric Wu, Evan Lee, Joshua Reeves, Michael Birch, Othman Laraki, Scott Belsky
Mar 1, 2022	Gated	$3.0M Seed	—	Anorak Ventures, Dolby Family Ventures, Lux Capital, Tuesday Capital
Feb 1, 2022	Timescale	$110.0M Series C	—	468 Capital, Altimeter Capital, Amplify Partners, Benchmark, Bling Capital, BoxGroup, Caffeinated Capital, Cedar Capital Group, CITG Capital, Coatue, CRV, FirstMark Capital, Founder Collective, Franklin Templeton Investments, Freestyle Capital, Greenoaks Capital, Hanabi Capital, Inspired Capital, Matrix, Hilarie Koplow-McAdams, New Enterprise Associates, Redpoint Ventures, Sarah Smith Fund, SNR, Sound Ventures, Thrive Capital, Two Sigma Ventures, Work-Bench, Aaron Harris, Eric Wu, Evan Lee, Joshua Reeves, Michael Birch, Moisey Uretsky, Othman Laraki, Scott Belsky
Jan 1, 2022	Ironclad	$150.0M Series E	—	Kevin Hartz, Accel, Album VC, Alt Capital, Alven, Amplify Partners, Andreessen Horowitz, Angel investor, Archetype, Arrive, Ascend Vietnam Ventures, Bain Capital Ventures, Basis Set Ventures, Benchmark, Bling Capital, Blisce, Bond, Bow Capital, BoxGroup, Caffeinated Capital, Chapter One Ventures, CITG Capital, Coatue, CoinFund, Compound, Cowboy Ventures, Craft Ventures, CRV, Dispersion Capital, Dreamers VC, Dream Machine, Electric Capital, Flexsteel Industries Inc., Founder Collective, Franklin Templeton Investments, Freestyle Capital, Global Founders Capital, Graph Ventures, Greenoaks Capital, Griffin Gaming Partners, Helium-3 Ventures, Index Ventures, Inspired Capital, Khosla Ventures, Liquid 2 Ventures, Lux Capital, Matrix, North Island Ventures, Hans Tung, Outcast Ventures, Paradigm, Peterson Partners, Reform Ventures, Roosh Ventures, Sapphire Ventures, Sarah Smith Fund, SciFi VC, Sequoia Capital, SNR, Social Capital, Soma Capital, Sound Ventures, Summit Partners, The Hit Forge, Thirty Five Ventures, Thrive Capital, Tribe Capital, Two Sigma Ventures, Union Square Ventures, Upside Partnership, Y Combinator, Yes VC, Aaron Harris, Andre Iguodala, Arash Ferdowsi, Balaji Srinivasan, Bart Swanson, Bernard Arnault, Bill Tai, Claire Hughes Johnson, Eric Wu, Evan Lee, Frederic Kerrest, Jeff Morris, Jenna Hannon, Jonathan Shipman, Joshua Reeves, Julia Hartz, Kevin Lin, Mark Pincus, Mathilde Collin, Matt Bellamy, Michael Birch, Othman Laraki, Rashaun Williams, Sahin Boydas, Scott Belsky, Theresa Johnson, Tony Xu, William Mougayar
Jan 1, 2022	CodeSee	$7.0M Seed	—	Kevin Hartz, Alt Capital, Boldstart Ventures, Michael Jin, Sangeen Zeb, Plexo Capital, Preface Ventures, Redpoint Ventures, Spark Capital, Two Sigma Ventures, Uncork Capital, Abhinav Asthana, Alex Adelman, Scott Belsky, Tikhon Bernstam, Will Gaybrick
Dec 1, 2021	Papaya	$50.0M Series B	—	9Yards Capital, American Express Ventures, Amplify.LA, Andreessen Horowitz, AngelList, Anthemis Group, AV8 Ventures, Bam Ventures, B Capital Group, Bessemer Venture Partners, Better Tomorrow Ventures, Bonfire Ventures, Canaan Partners, Citi Ventures, Company Capital, CP Ventures, DST Global, ENIAC Ventures, Fika Ventures, FJ Labs, F-Prime Capital Partners, FundersClub, General Catalyst, Greycroft, Highbury Group, iNovia Capital, Investo, Kleiner Perkins, Kohala Ventures, KW Angel Fund, Laurence Jones, MassMutual Ventures, Mayfield, Mucker Capital, Aaron Jacobson, Pitbull Ventures, Rebel Fund, Red Swan Ventures, Ribbit Capital, S28 Capital, Sequoia Capital, Sierra Point Ventures, Howard Lindzon, Softbank Group, SoftBank Investment Advisers, Soma Capital, Streamlined Ventures, Teamworthy Ventures, Techstars, The Finger Group, Y Combinator, Zintinus, Alexander Saint-Amand, Ashish Bhatia, Clark Landry, Dan Wright, Ding Zhou, Gokul Rajaram, Jon Runyan, Michael Abramson, Ron Suber, Ryan Chan, Samvit Ramadurgam, Sean Park, Trevor Wright
Nov 1, 2021	Coinprofile	$600K Seed	—	Andreessen Horowitz, Balderton Capital, Bowery Capital, Buckley Ventures, Canvas Ventures, DCM, Electric Capital, Aniq Kassam, Footwork, Founder Collective, General Catalyst, Goat Capital, Human Capital, Kindred Ventures, Kleiner Perkins, Pioneer Fund, Quiet Capital, Gil Penchina, RRE Ventures, Shasta Ventures, Slow Ventures, South Park Commons, Space Capital, The General Partnership, UpHonest Capital, VitalStage Ventures, Adrian Aoun, Charlie Songhurst, Chris Fanini, Desmond Lim, Dharmesh Shah, Dylan Taylor, Emmett Shear, Immad Akhund, Karim Atiyeh, Kevin Lin, Kyle Vogt, Manish Shah, Matt Brezina, Michał Borkowski, Mikhail Seregine, Paul McKellar, Rene Reinsberg, Sam Altman, Samvit Ramadurgam, Sohail Prasad, Tikhon Bernstam, Tirto Adji, Travis Vanderzanden, Wayne Chang
Nov 1, 2021	Party Round	$7.0M Seed	—	Kevin Hartz, Addition, Andreessen Horowitz, Audrey Capital, Big Sky Health, Coinbase Ventures, Connect Ventures, Craft Ventures, Creative Juice, Dreamers VC, Electric Capital, ENIAC Ventures, Jenny Fielding, Scott Hartley, Exponent Founders Capital, Firstminute Capital, Freestyle Capital, Future Africa, General Catalyst, Gradient Ventures, Hustle Fund, Interlock Partners, Kearny Jackson, Khosla Ventures, LightShed Ventures, Listen, Luno Expeditions, NewFund, Next Coast Ventures, Norrsken VC, Not Boring Capital, Precursor Ventures, QED Investors, Quona Capital, Redpoint Ventures, RRE Ventures, Seven Seven Six, Shrug Capital, Social Capital, Sound Ventures, Spark Capital, Stellar Capital, Tekton Ventures, The Community Fund, Thirty Five Ventures, True Beauty Ventures, Vera Equity, XFactor Ventures, Y Combinator, Adam Gross, Adrian Aoun, Andre Mohamed, Brad Bao, Brad Garlinghouse, Brad Handler, Bradley Horowitz, Charles Delingpole, David de Picciotto, Eric Hahn, Gabriel Weinberg, Iqram Magdon-Ismail, Jared Leto, Jason Gardner, Jason Goldberg, Joshua Reeves, Kevin Weil, Mario Gabriele, Mike Krieger, Odell Beckham Jr., Richard Chen, Sam Altman, Scott Belsky, Steven Alan, Tikhon Bernstam, Tom Blomfield, Trevor Noah, Warren Shaeffer, Will Gaybrick
Oct 1, 2021	Foodology	$15.0M Series A	—	Andreessen Horowitz, Balderton Capital, Bowery Capital, Buckley Ventures, Canvas Ventures, Crane Venture Partners, DCM, Electric Capital, Jenny Fielding, Footwork, General Catalyst, Goat Capital, Human Capital, Hummingbird Ventures, Innogen Venture Capital, Insignia Ventures Partners, Kindred Ventures, Kleiner Perkins, Lightspeed Venture Partners, Lionheart Ventures, MassMutual Ventures, Hans Tung, Pear VC, Picus Capital, Pioneer Fund, Quiet Capital, Gil Penchina, SemperVirens Venture Capital, South Park Commons, The General Partnership, TPG, Unpopular Ventures, UpHonest Capital, VitalStage Ventures, XFactor Ventures, Zetta Venture Partners, Aaron Harris, Adrian Aoun, Alexandre Prot, Allison Pickens (Allison Pickens Ventures), Andreas Ehn, Barr Moses, Charlie Songhurst, Chris Fanini, Desmond Lim, Dharmesh Shah, Emmett Shear, Guilherme Bonifacio, Immad Akhund, Karim Atiyeh, Kevin Lin, Kyle Vogt, Manish Shah, Matt Brezina, Michael Chow, Michał Borkowski, Mikhail Seregine, Nate Mitchell, Paul McKellar, Pierpaolo Barbieri, rajiv chegu, Rene Reinsberg, Sam Altman, Samvit Ramadurgam, Sohail Prasad, Steve Anavi, Tikhon Bernstam, Tirto Adji, Travis Vanderzanden, Wayne Chang
Oct 1, 2021	TripleBlind	$24.0M Series A	—	Anorak Ventures, Dolby Family Ventures, Fifth Wall, General Catalyst, Khosla Ventures, Lux Capital, Tuesday Capital
Sep 1, 2021	June Homes	$27.0M Series B	—	Abstract Ventures, Kevin Hartz, Altair Capital Management, Benchmark, Floodgate, Long Journey Ventures, Plug & Play Ventures, Redpoint Ventures, Sequoia Capital, Smash Capital, Spark Capital, TA Ventures, TQ Ventures, Trust Fund, Union Square Ventures, Adam Gross, Alex Adelman, Amadeo Brenninkmeijer, Baron Davis, Eric Feng, Eric Wu, Gautam Gupta, Jim Lanzone, Kevin Lin, Oskar Hartmann, Scott Banister, Scott Belsky, Tikhon Bernstam, Vladimir Kholiaznikov, Will Gaybrick
Sep 1, 2021	Fin	$20.0M Series A	—	040 Capital, Ambridge Capital, Goat Capital, Long Journey Ventures, Spring Capital, Colin Carrier, Emmett Shear, Kevin Lin, Steve Chen, Tikhon Bernstam
Sep 1, 2021	Stord	$90.0M Series D	—	Kevin Hartz, Alt Capital, Bow Capital, Comal Ventures, Contrary Capital, Elefund, General Catalyst, Infinite Niches, Innovation Endeavors, Jetstream, Kleiner Perkins, Long Journey Ventures, Danielle Lay, OMERS Ventures, Owl Ventures, Redpoint Ventures, Saga, Spark Capital, Sunset Ventures, Susa Ventures, The Hit Forge, UpHonest Capital, Adam Gross, Adrian Aoun, Alex Adelman, Charlie Songhurst, Dylan Field, Emil Michael, Gokul Rajaram, Immad Akhund, Manik Gupta, Marc Benioff, Sahin Boydas, Scott Banister, Scott Belsky, Tikhon Bernstam, Tony Xu
Aug 1, 2021	Binti	$45.0M Series B	—	1984 Ventures, Kevin Hartz, A* Capital (A Star Capital), Addition, Adverb Ventures, Alt Capital, Bond, Energize Ventures, Flex Capital, Footwork, Frontline Ventures, Gradient Ventures, Greylock, InterWest, LGF, Next Play Ventures, Redpoint Ventures, Saga, SNR, Spark Capital, Techstars, Vouch Insurance, Aaron Levie, Adam Gross, Akshay Kothari, Alex Adelman, Allison Pickens (Allison Pickens Ventures), Dylan Field, Ed Baker, Emre Baran, Gokul Rajaram, Immad Akhund, Jason Gardner, Louis Beryl, Marc Benioff, Max Mullen, Megan Quinn, Oleg Rogynskyy, Phillip Chambers, Sam Altman, Scott Belsky, Shane Curran, Stewart Butterfield, Tikhon Bernstam, Tobias Lutke, Will Gaybrick
Aug 1, 2021	Octane	$2.0M Seed	—	Kevin Hartz, Accel, Basis Set Ventures, B Capital Group, Greylock, NEO, Oren Yunger, Obvious Ventures, Redpoint Ventures, REMUS Capital, S28 Capital, Sapphire Ventures, Signal Peak Ventures, Silicon Valley Connect, Slow Ventures, Spark Capital, Stellation Capital, Team8, Tekton Ventures, TY, WndrCo LLC, XYZ Venture Capital, Adam Gross, Alex Adelman, Alice Lloyd George, Drew Houston, George Hu, Michael Stoppelman, Scott Belsky, Tikhon Bernstam, Will Gaybrick

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Presence Capital.

Leadership Team

Key people at Presence Capital.

Deep Dive

High-Level Overview

Presence Capital is a venture capital firm dedicated to financing and supporting startups at the forefront of augmented reality (AR), virtual reality (VR), and immersive computing. The firm’s mission is to accelerate the adoption and impact of immersive technologies by investing in visionary entrepreneurs who are building new ways for people to communicate, work, and play. Presence Capital’s investment philosophy centers on backing early-stage teams with unique technology and strong founder-market fit, prioritizing founders who are pushing the boundaries of human-computer interaction. Their focus spans gaming, communications, consumer products, business services, and even life sciences, making them a pivotal force in shaping the future of immersive tech.

Presence Capital has played a key role in nurturing the AR/VR startup ecosystem, providing not only capital but also strategic guidance and access to a global network of industry leaders. Their early bets on immersive technologies have helped bring innovative products to market and have positioned them as a go-to partner for founders building the next generation of digital experiences.

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Origin Story

Presence Capital was founded in the mid-2010s by a team of seasoned entrepreneurs and investors who recognized the transformative potential of AR and VR long before these technologies entered the mainstream. The firm’s founding partners—Amitt Mahajan, Paul Bragiel, and Phil Chen—each bring deep expertise from both the startup and investment worlds. Amitt Mahajan, a serial entrepreneur and engineer, previously co-founded MyMiniLife (acquired by Zynga) and Toro (acquired by Google), and was instrumental in the creation of FarmVille. Paul Bragiel, a global investor and entrepreneur, has launched multiple funds across continents and advised tech ecosystems worldwide. Phil Chen, a technology explorer and former executive at HTC, led the company’s VR initiatives and was pivotal in the acquisition of Beats Electronics.

The firm’s evolution has mirrored the growth of the immersive tech sector, starting with a laser focus on AR/VR and expanding to include mixed reality and other immersive computing platforms. Their early entry into the space allowed them to build a reputation as pioneers and thought leaders, attracting top talent and innovative startups.

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Core Differentiators

Founder-First Approach: Presence Capital prioritizes backing passionate, mission-driven founders with deep technical expertise and a clear vision for the future of immersive technologies.
Deep Domain Expertise: The partners’ backgrounds in gaming, VR hardware, and consumer tech give them unique insights into the challenges and opportunities facing AR/VR startups.
Global Network: Presence Capital leverages a vast network of industry leaders, advisors, and ecosystem partners to help portfolio companies scale and enter new markets.
Hands-On Support: Beyond capital, the firm offers operational guidance, strategic introductions, and hands-on mentorship to help founders navigate the complexities of building and scaling immersive tech companies.
Early-Stage Focus: Presence Capital specializes in pre-seed, seed, and Series A investments, often being the first institutional backer for groundbreaking startups.

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Role in the Broader Tech Landscape

Presence Capital is riding the wave of a major technological shift: the rise of immersive computing. As AR and VR move from niche applications to mainstream adoption, the firm is at the forefront of shaping how these technologies are developed and deployed. The timing is critical—advancements in hardware, software, and connectivity are converging to make immersive experiences more accessible and impactful than ever before. Presence Capital’s investments are helping to drive innovation in areas like remote collaboration, immersive entertainment, and next-generation user interfaces.

Their influence extends beyond individual startups; by fostering a vibrant ecosystem of AR/VR entrepreneurs, Presence Capital is helping to accelerate the broader adoption of immersive technologies and is positioning itself as a key player in the future of digital interaction.

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Quick Take & Future Outlook

Presence Capital is poised to remain a leading force in the immersive tech investment space as AR and VR continue to mature and expand into new industries. The firm’s early bets and deep expertise will likely give them a competitive edge as the market evolves, and their focus on founder support and ecosystem building will continue to attract top talent. Looking ahead, Presence Capital’s influence will likely grow as immersive technologies become increasingly integrated into everyday life, from work and education to entertainment and healthcare.

As the boundaries between the physical and digital worlds blur, Presence Capital’s mission—to back the pioneers shaping this new frontier—will remain as relevant as ever. Their journey is a testament to the power of visionary investing in transformative technologies.

Sources

High-Level Overview

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Origin Story

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Core Differentiators

Founder-First Approach: Presence Capital prioritizes backing passionate, mission-driven founders with deep technical expertise and a clear vision for the future of immersive technologies.
Deep Domain Expertise: The partners’ backgrounds in gaming, VR hardware, and consumer tech give them unique insights into the challenges and opportunities facing AR/VR startups.
Global Network: Presence Capital leverages a vast network of industry leaders, advisors, and ecosystem partners to help portfolio companies scale and enter new markets.
Hands-On Support: Beyond capital, the firm offers operational guidance, strategic introductions, and hands-on mentorship to help founders navigate the complexities of building and scaling immersive tech companies.
Early-Stage Focus: Presence Capital specializes in pre-seed, seed, and Series A investments, often being the first institutional backer for groundbreaking startups.

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Role in the Broader Tech Landscape

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