Perceptive Ventures

Perceptive sources exclusively through warm mutual connections, a practice the firm states explicitly on its website. The firm does not accept cold outreach and maintains no public presence on platforms like LinkedIn. This closed-access model is designed to filter for founders who come referred by networks the firm's operators have built through their own startup-building experience.

The firm's portfolio suggests Perceptive is comfortable writing early checks into pre-seed and seed rounds where its operator muscle is most valued. The portfolio includes a mix of pre-seed positions (ArchiBoost, Kronos AI, Recess) and seed-stage bets spanning AI-native sectors, though the firm does not publicly disclose its typical check size or whether it requires a board seat.

Perceptive is thesis-driven around agentic AI but applies that lens across sectors rather than limiting itself to a single vertical. Its portfolio covers construction, healthcare, legal, sales, fintech, EdTech, and consumer, suggesting the firm evaluates the quality of the AI-native application rather than the specific market category.

Perceptive does not publicly name any individual partners, principals, or investment committee members on its website or elsewhere. The firm markets itself as a collective of founders and operators with firsthand experience bringing AI products to market, but the decision-making structure and named investment leads are not disclosed in any available source.

The firm's about page quotes Spark Capital general partner Nabeel Hyatt — 'There are very few human investors on the planet who have brought native AI products to market' — but there is no evidence of a formal partnership, shared fund structure, or operational relationship. The quote functions as a public endorsement, not a structural tie.

Perceptive's fund structure and LP base are not publicly disclosed. The firm is categorized as an asset manager and venture capital firm rather than a single-family office, implying it manages committed third-party capital, but no fund size, vintage, or institutional LP names are available in its public materials.

Perceptive does not publish a formal exclusion list, but its portfolio reveals a deliberate focus on vertical AI applications — software platforms embedding agents into specific workflows — rather than horizontal infrastructure plays, hardware, or deep-tech research. The firm's materials specifically emphasize 'agentic AI' over broader 'AI/ML' or foundation-model investing.