Presence Capital

Presence Capital

Type	Private
Industry	Venture capital
Founded	2015
Founders	Paul Bragiel Amitt Mahajan Phil Chen
Headquarters	San Francisco, California, USA
Area served	Worldwide
Website	www.presencecap.com

Presence Capital is a Virtual Reality and Augmented Reality focused venture capital fund founded in 2015 and headquartered in San Francisco. It was founded by Paul Bragiel, Amitt Mahajan, and Phil Chen.^[1] As of 2016, it has raised $10M in funds.^[2]

History

It raised its first $10 million fund in 2016.^[3] In January 2016, it filed its Form D notice of exempt offering of securities.^[1] By October 2016, Presence Capital had made 25 investments in Virtual Reality and Augmented Reality companies.^[4]

Management

• Paul Bragiel, Managing Partner
• Amitt Mahajan, Managing Partner
• Phil Chen, Managing Partner

Portfolio

Presence mainly focuses on seed and early stage venture investments in the Virtual Reality and Augmented Reality industries.^[3][5]

Its investments include Harmonix, Meta, The Wave VR, Scope AR, and UploadVR.^[6][7][8]

References

1. "SEC FORM D/A". Sec.gov. Retrieved November 8, 2016.
2. "VC firm creates $10 million fund to spur virtual reality startups". SF Gate.
3. "Why This New VC is Focused Solely on VR and AR". Fortune.
4. Dean Takahashi. "Presence Capital investor predicts the 2017 market for AR/VR". VentureBeat.
5. "New venture capital fund targets VR/AR". USA Today.
6. "Presence Capital - Investments". CrunchBase. Retrieved November 8, 2016.
7. "Seeking to Bring Concerts Into the Virtual World, WaveVR Raises $2.5M". Xconomy.
8. "Scope AR raises $2 million seed round for enterprise AR". VentureBeat.

External links

• Presence Capital Homepage