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Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Perplexity’s reported $50 million seed and pre-seed venture fund was described in a February 2025 report by TechCrunch, citing CNBC. The report said most of the capital would come from limited partners, with Perplexity contributing some of the money it had raised for company growth to anchor the fund. It named Kelly Graziadei and Joanna Lee Shevelenko as general partners.
What was reported about the fund?
TechCrunch reported on February 25, 2025, citing CNBC, that Perplexity was raising a $50 million fund for seed and pre-seed investments. The account was reported narrative, not a direct Perplexity announcement establishing the fund’s terms. It said most of the capital was expected to come from limited partners, while Perplexity would use some of the capital it had raised for its own growth to anchor the vehicle. TechCrunch’s report did not provide investment check sizes, geographic scope, or detailed terms.
Who was named to manage it?
The report identified Kelly Graziadei and Joanna Lee Shevelenko as the fund’s general partners. They co-founded F7 Ventures in 2018. The article left open whether they would continue running F7 Ventures alongside the Perplexity fund or focus on the new vehicle; the available reporting does not resolve that question.
What is known about Perplexity’s funding context?
As context for the fund report, TechCrunch said Perplexity had reportedly raised $500 million at a $9 billion valuation in December 2024. That figure describes the company financing reported at that time, not the fund’s size or the amount Perplexity itself committed to it. The report characterized the fund’s capital as mostly coming from limited partners and did not specify Perplexity’s contribution. TechCrunch’s December 2024 financing report provides that background.
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Is the fund investing now, and what are its terms?
The February 2025 report does not establish whether the fund is actively investing as of October 8, 2026, which companies it has backed, its check sizes, its geographic focus, or its current terms. It also does not establish the managers’ present roles at F7 Ventures. Those details should not be inferred from the original announcement-era coverage.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How does Perplexity’s startup program differ?
Perplexity separately offers a startup program with benefits for eligible companies. Its official page lists three months of Enterprise Pro for up to 50 seats and $5,000 in API credits, subject to eligibility. The page’s stated criteria include having raised no more than $20 million in equity, being less than five years old, and being associated with a listed startup partner; existing Enterprise Pro subscribers are ineligible. These are software and API benefits, not venture investment or a promise of funding from the $50 million vehicle. Check the official startup program page for current eligibility and terms.
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