We are pleased to announce Project Voice Capital Partners Rolling Fund, in partnership with AngelList, now accepting new investors on a quarterly rolling basis. You can learn more and apply to invest (if you are an accredited investor) here.
Project Voice Capital Partners funds venture-grade early-stage companies across conversational AI and voice technology.
Companies working with language, whether the spoken word or the written word, whether audio only or multi-modal and visual in nature, along with various adjacencies (e.g. generative AI involving natural language processing) constitute the bulk of our deal flow. With Nuance’s $20B acquisition by Microsoft along with many other successful recent exits, the startup ecosystem in this area of emergent technology is vibrant and full of potential.
PVCP is led by Bradley Metrock and Marc Ladin. Metrock hosts influential podcast This Week In Voice, writes the Substack newsletter This Week In Voice VIP (30k+ subscribers), and programs the main conference for conversational AI and voice technology in the United States, Project Voice 2023. Marc Ladin is one of the early venture capitalists in the voice/AI domain, investing in the space for the last three years with his previous fund VoicePunch.
PVCP is proud to have as venture partners Adam Cheyer, perhaps the singular most successful entrepreneur in this domain, co-founding both Apple's Siri and Samsung's Bixby, along with notable Silicon Valley entrepreneur Cinta Putra. Noted artificial intelligence veteran Neil Jacobstein is technical advisor to the fund as well as Asia-Pacific venture scout.
This rolling fund model enables you to subscribe to PVCP’s deal flow directly with a quarterly capital commitment across a minimum of four (4) quarters.
Like a traditional fund, it charges management fees and has a fund-wide (crossed) carry. AngelList creates a series of quarterly funds and then does the calculations to cross the carry, functionally creating a single fund. The net effect is that you're now subscribing to our venture deal flow.
An important benefit is that we can raise money incrementally, one investor at a time, rather than having to do a one-time, big-bang fundraise. What has made rolling funds such a celebrated innovation is the ability granted to emerging managers, like us, to begin operating VC funds with less committed capital and with greater flexibility than other, more traditional formats typically afford.
Project Voice Capital Partners Rolling Fund will target investing in companies with valuations less than $25M. Most investments will be in the $50K - $500K range.