DVC replaces analysts with AI and LPs, launches $75M Series A/B fund

Investing.com -- San Francisco-based venture capital firm DVC has replaced its analysts with AI technology and a network of limited partners while launching a new $75 million fund focused on Series A and B investments in AI startups.

Founded by Marina and Nick Davidov, DVC has developed proprietary AI agents that automate core venture workflows including sourcing, due diligence, and portfolio monitoring. The firm now relies on its 170 limited partners—founders and executives from companies like OpenAI, Google, Meta, Microsoft, Tesla, SpaceX, and Perplexity AI—to source deals and support portfolio companies.

These LPs earn a share of carried interest for their contributions to DVC’s ecosystem of 120 AI startups, which includes Perplexity AI, chipmaker Etched, Mira Murati’s Thinking Machines Lab, and Higgsfield, an AI video startup that reportedly reached $50 million in annual recurring revenue in less than a year.

The newly launched DVC AI Fund I has completed its first close and made five investments, with two already receiving significant valuation increases.

"We fired our analysts and hired our LPs—empowering them with AI so they can focus on the most impactful work without the chore," said Marina Davidov, DVC Co-Founder and GP. "Thus we get megafund-level resources on one-hundredth of the budget."

DVC has also expanded its leadership team, adding Mel Guymon as GP to lead enterprise go-to-market support, Charles Ferguson as GP focusing on deal origination, and Alexey Rybak as VP.

The fund’s limited partners include TechCrunch founder Mike Arrington, Perplexity CTO Denis Yarats, Wrike founder Andrew Filev, and Semrush founder Oleg Shchegolev. DVC is currently accepting additional institutional investors, family offices, and accredited individuals.

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