AMITT MAHAJAN

Amitt Mahajan stands as a prominent figure in the venture capital landscape, serving as a Managing Partner at Presence Capital. Co-founded by Mahajan in 2015, Presence Capital quickly established itself as one of the first dedicated venture capital funds focused exclusively on virtual reality (VR), augmented reality (AR), and spatial computing. Under his leadership, the firm has been instrumental in identifying and funding pioneering companies that are shaping the next generation of immersive technologies and the metaverse.

Mahajan's investment philosophy is deeply rooted in his extensive background as a serial entrepreneur and product visionary. Before co-founding Presence Capital, he demonstrated a remarkable ability to build and scale successful technology ventures. He was the co-founder and CEO of MyMiniLife, a social gaming platform that was acquired by Zynga. Following the acquisition, Mahajan played a crucial role as Vice President of Product at Zynga, contributing to the growth of one of the era's leading social gaming companies. His entrepreneurial journey continued with Wildfire Games, another company he co-founded and led as CEO, which was subsequently acquired by Google. At Google, he served as a Product Manager, further honing his expertise in product development and strategic growth within a global technology giant. Earlier in his career, he also gained valuable experience as a Software Engineer at Microsoft.

This rich operational experience provides Amitt Mahajan with a unique perspective as an investor. He understands the challenges and opportunities faced by founders in nascent, high-growth sectors. At Presence Capital, his investment focus spans a wide array of innovative areas, including advanced VR/AR hardware and software, AI-powered immersive experiences, metaverse infrastructure, gaming, and enterprise solutions leveraging spatial computing. He seeks out teams with bold visions and the technical prowess to execute them, aiming to back companies that can achieve significant market leadership.

Presence Capital, guided by Amitt Mahajan, has built an impressive portfolio of companies that are at the forefront of technological innovation. Notable investments include industry leaders such as Rec Room, a popular social VR platform; Bigscreen, known for its virtual cinema experience; VRChat, a leading social VR application; and Sandbox VR, an immersive location-based entertainment provider. Other key investments include Inworld AI, which develops AI-powered characters for virtual worlds, and companies like Supernatural (acquired by Meta) and AltspaceVR (acquired by Microsoft), which saw successful exits. These investments underscore Mahajan's foresight in identifying transformative technologies and his commitment to fostering the growth of the spatial computing ecosystem. Through his work at Presence Capital, Amitt Mahajan continues to play a pivotal role in defining the future of how we interact with digital worlds.