# AI Fund: portfolio, investments and team

> AI Fund is a vc firm based in United States. 6 investments on record, 2 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ai-fund (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# AI Fund

Last cheque observed Sep 2026; 6 cheques on record.

Email

VC firm Deploying now

Pre-seed Seed Series A Workforce Longevity Edtech

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Deploying now

**100%** of best year **2** **cheques in 12 months**, 6 on record

Since the last cheque **50** days **00** hrs **00** min **00** sec

Median round **$7.0M** Cheque size, as they say **$250K – $1.0M** Rounds led **1 of 6** Sole investor **2 rounds** Mostly in **United States, 50%**

Pitch AI Fund

## AI Fund highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series B and Pre-seed: 60% of its rounds
- 03 Sole investor in 2 rounds, median $1.5M

## What they do

> AI Fund is a venture studio. We collaborate with entrepreneurs, venture funds, and corporate partners to create great companies that move humanity forward. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $250K – $1.0M as they say
- **Stages:** Pre-seed Seed Series A
- **Sectors:** Workforce Longevity Edtech
- **Based in:** Mountain View, United States
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **6 appearances**

- **2026** 1 round
- **Sept** **[Gaia Dynamics](https://millionrounds.com/company/gaia-dynamics)** Seed · US · Ventureburn **$7.0M** With 4 others
- **2025** 2 rounds
- **Dec** **[Lemurian Labs](https://millionrounds.com/company/lemurian-labs)** Series A · US · Firms' own news pages **$28M** With 15 others
- **Feb** **[Gaia Dynamics](https://millionrounds.com/company/gaia-dynamics)** Pre-seed · US **$1.5M** Sole investor
- **2024** 1 round
- **Oct** **[Jivi](https://millionrounds.com/company/jivi)** IN · TechStartups **Undisclosed** *Led*
- **2019** 1 round
- **Feb** **[Hero Kiddo](https://millionrounds.com/company/hero-kiddo)** Series B · CN · China Money Network **$3.0M** With 2 others
- **2018** 1 round
- **Aug** **[OneSpace](https://millionrounds.com/company/onespace)** Series B · CN · China Money Network **$44M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

AN **Andrew Ng** Managing Member i Form ADV

EW **Eva Wang** Chief Operating Officer and General Counsel i Form ADV

We also hold **36** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$434M** gross assets of its funds, 3 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** AI Ventures Management II, LLC
- **SEC number:** CRD 290536

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

Investor Portal

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Pre-seed Seed Series A

Median round joined **$7.0M** the round, not its cheque Alone, median **$1.5M**

Led 1 of 6 rounds **17%**

- **Said size:** $250K – $1.0M
- **Sole investor:** 2 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Series B *2*
- Pre-seed said *1*
- Seed said *1*
- Series A said *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies AI Fund put money into.

[**Gaia Dynamics** $7.0M · Sept 2026](https://millionrounds.com/company/gaia-dynamics)[**Lemurian Labs** $28M · Dec 2025](https://millionrounds.com/company/lemurian-labs)[**OneSpace** $44M · Aug 2018](https://millionrounds.com/company/onespace)

## On podcasts

1 episode naming AI Fund in the title, and 2 more that mention it.

- [Greymatter](https://millionrounds.com/podcasts/greymatter) 24 Apr 2018 · 39 min Building An AI-Powered Society with AI Fund's Andrew Ng | Greymatter With [Andrew Ng](https://millionrounds.com/person/andrew-ng-2) Mentions [AI Fund](https://millionrounds.com/fund/ai-fund)[Sarah Guo](https://millionrounds.com/person/sarah-guo-2) Apple PodcastsShow page

### Mentioned in

- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 17 Nov 2025 · 1h 3m 20VC: Andrew NG on The Biggest Bottlenecks in AI | How LLMs Can Be Used as a Geopolitical Weapon | Do Margins Matter in a World of AI? | Is Defensibility Dead in a World of AI? | Will AI Deliver Masa Son's Predictions of 5% GDP Growth? Apple PodcastsShow page
- [No Priors](https://millionrounds.com/podcasts/no-priors) 21 Aug 2025 · 42 min How Agentic AI is Transforming The Startup Landscape with Andrew Ng Apple Podcasts

## Quick answers about AI Fund

### What does AI Fund invest in?

AI Fund invests most often at Series B and Pre-seed (60% of the rounds on record), in sectors such as Workforce, Longevity and Edtech.

### How active is AI Fund?

6 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.

### What has AI Fund invested in recently?

Its most recent investments on record: Gaia Dynamics (Seed, Sept 2026), Lemurian Labs (Series A, Dec 2025) and Jivi (Oct 2024).

### How big are AI Fund's cheques?

The median round it joins is $7.0M. It says it writes cheques of $250K to $1.0M.

### Does AI Fund lead rounds?

Yes: it led 1 of its 6 investments on record (17%).

### Where does AI Fund invest?

Most of the companies it backs are in the United States (50%), China (33%) and India (17%).

### Is AI Fund investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### What kind of investor is AI Fund?

AI Fund is a VC firm based in Mountain View, United States.

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