Portfolio · Fund III–IV

Forty-seven companies, quietly assembling
the world you'll wake up in.

Active

Sectors

Avg. valuation

$640M

Realized

11 exits

Company

Sector

Stage

Valuation

↗

1 Pursuit Consumer · Series A Consumer Series A → 2 The Yard Human Capital · Series A Human Capital Series A → 3 Understory Infrastructure · Series B Infrastructure Series B $540M →

Featured positions

Consumer Series A · Est. 2026

Pursuit

Pursuit has separated the hobby from the burden of doing it. Its AI learns, practices and progresses on your behalf, leaving you with the identity, the talking points and none of the friction. We believe it is the most important consumer platform of the decade.

Human Capital Series A · Est. 2025

The Yard

The Yard has solved the most consequential labor-market failure of the AI era, and it has done so by refusing to retain anyone. We believe it may be the most important institution of the decade.

Infrastructure Series B · Est. 2024

Understory

Understory has built enterprise compute on the oldest network on Earth: 73 acres of living mycorrhizal substrate. It is carbon-negative, eight centuries old, and has never experienced an outage. We believe it is the most important infrastructure company of our lifetime.

Forty-seven companies, quietly assemblingthe world you'll wake up in.

Pursuit

The Yard

Understory

Forty-seven companies, quietly assembling
the world you'll wake up in.