VC firm
Permanent Ventures
Also known as Permanent Capital Ventures, Permanent Capital Ventures Fund I A, Permanent Capital Ventures Fund I, LP, Permanent Capital Ventures Fund I-A, LP, Permanent Capital Ventures Fund II, LP, Permanent Ventures, L.P.
- Investor type
- VC
- Investing status
- Activeas of 2026-09-21Source (opens in a new tab)
- Headquarters
- COEUR D'ALENE, ID, United States
- Assets under management
- $152MForm ADV private fund GAV, as of 2026-03-27Source (opens in a new tab)
- Latest fund size
- $120MSEC amount sold, as of 2024-02-13Source (opens in a new tab)
- Funds
- 5
- Legal name
- PERMANENT CAPITAL VENTURES MANAGEMENT, LLC
- permanent-capital.vc (opens in a new tab)
- LinkedIn (opens in a new tab)
- Team page (opens in a new tab)
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Record updated 29 September 2026
About
Today we’re excited to introduce Permanent Capital Ventures, an early-stage venture capital firm leading Series A investments in applied AI companies. Since inception in early 2024, we’ve raised more than $350M and are now investing out of PCV Fund II, a $200M vehicle designed to help technical founders manifest their full potential by building world class go-to-market machines.
Investment approach
- Thesis
- Distribution is a competitive advantage in an AI-native era. We invest in founders who have reached the point where operational execution is the gating factor to durable growth. We specialize in navigating the transition from founder-led sales toward a structured go-to-market engine designed for enterprise scale.Source (opens in a new tab)
- Leads rounds
- Yes
- Lead policy
- leading Series A investments
- Investing status notes
- are now investing out of PCV Fund II, a $200M vehicle designed to help technical founders manifest their full potential by building world class go-to-market machines.
Funds
- Permanent Capital Ventures Fund II, LP
- Vintage 2025Main fund
- Permanent Capital Ventures Fund I, LP
- $120MVintage 2023, Main fund, SEC amount sold
- Permanent Capital Ventures Fund I-A, LP
- Vintage 2023Main fund
- Permanent Ventures, L.P.
- $1.5MVintage 2021, SPV, SEC amount sold
- PCV Fund II
- $200MMain fund, Announced close
SEC registration
- Registered adviser
- PERMANENT CAPITAL VENTURES MANAGEMENT, LLC
- CRD number
- 331374 (opens in a new tab)
- SEC file number
- 802-130310
- Registration
- Exempt reporting adviser
- Regulatory AUM
- $152Mas of 2026-03-27
- Private funds reported
- 1
- Principal office
- CHICAGO, IL, United States
- SEC CIK
- 1939854, 1986048, 1999029
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