Presence Capital
VC · San Francisco (United States)
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About
Presence Capital is an early-stage venture capital firm based in San Francisco, specializing in virtual reality (VR) and augmented reality (AR) technologies. Founded in December 2015, the firm was among the first to focus exclusively on VR and AR startups, aiming to support entrepreneurs who are pioneering new ways to communicate, work, and play through these transformative technologies. The founding managing partners include Amitt Mahajan, Paul Bragiel, and Phil Chen, each bringing a wealth of experience from their previous ventures. Amitt Mahajan co-created the game FarmVille and served as CTO of Zynga Japan. Paul Bragiel has been an early advisor to companies such as Uber and Unity, investing in over 150 companies. Phil Chen founded the HTC Vive project and led HTC's business and corporate development. Presence Capital's portfolio includes notable companies like Baobab Studios, Bigscreen, Harmonix, Nomadic, Meta, Resolution Games, Scope AR, Strivr, TheWaveVR, and Visbit. The firm has made 33 investments in less than two years, with an average investment size of around $200,000. Their first fund closed with $10 million, reflecting their commitment to fueling innovation in the VR and AR sectors.
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