Confused, AI-powered search engine developers, A $50 million seed and pre-planted investment fund is being raisedCNBC reported. Although most of the capital comes from limited partners, confusion uses some of the capital raised for the company’s growth to anchor the fund. It is reported that what is confusing is $500 million The valuation in December was $9 billion.
The Confused Fund is managed by general partners Kelly Graziadei and Joanna Lee Shevelenko, who co-founded an early stage venture capital firm in 2018 F7 Adventurebased on pitch data. F7 has invested in startups such as women’s health care companies Midi. It is unclear whether Graziadei and Shevelenko will continue to run F7, or whether they will focus all their energy on the Venture Fund of Perplexity.
Openai also manages an investment fund called OpenAI Entrepreneurship Fund. However, unlike confusion, Openai claims Don’t use your own capital For these investments.
