Profile
Presence Capital is a venture capital firm based in the San Francisco Bay Area, focusing on augmented reality (AR) and virtual reality (VR) technologies. It was founded by a team of experienced investors and entrepreneurs, including Amitt Mahajan, a former CTO of MyMiniLife and co-founder of Toro, and Paul Bragiel, a seasoned investor with experience founding multiple funds across continents. The firm is unique in its concentrated specialization in AR and VR technologies, aiming to support passionate entrepreneurs in these sectors.
Presence Capital invests in companies that leverage AR and VR to transform communication, work, and play. The firm typically invests at various stages, from seed to growth, with a focus on North America. The total assets under management include their initial $10M fund announced on their site.
The firm's notable investments include companies such as AppliedVR, which offers VR-based treatments for chronic pain, and Simbe Robotics, which focuses on automating retail with robotics solutions. These investments showcase Presence Capital's focus on technology-driven innovations that have practical applications across industries.
Industry
Presence Capital Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Augmented and Virtual Reality Fund
|
Venture Capital (VC)
|
Robotics
AI
Technology
VR/AR
HealthTech
|
Seed
Series A
Series B
|
North America
|
$5-10 m
|
—
|
September 2026
|
Contacts
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