Overview

• DVC unveiled DVC AI Fund I targeting Series A and B startups and said about $40 million has been secured toward the $75 million goal.
• The firm eliminated analyst roles more than a year ago and now uses proprietary AI agents for sourcing, due diligence, memos, and portfolio monitoring.
• Roughly 170 limited partners from companies such as OpenAI, Google, Meta, Microsoft, Tesla, SpaceX, and Perplexity help source deals and support founders in exchange for carried interest.
• Co‑founder Nick Davidov said approximately 30%–40% of carry goes to the LP community, 30%–40% to partners, with the remainder to the founders and GPs.
• DVC added GPs Mel Guymon and Charles Ferguson and venture partner Alexey Rybak, and the firm says the new fund has already made five investments with two receiving markups.