Presence Capital

Founded in 2015 by Amitt Mahajan, Paul Bragiel, and Phil Chen, Presence Capital is one of the world’s first venture funds created specifically to support VR, AR, and mixed reality startups. The firm focuses on early-stage companies developing immersive software, platforms, and tools that define the next era of computing.

Presence Capital’s portfolio spans entertainment, enterprise, healthcare, and education, and includes many of the pioneering companies that helped establish XR as a viable commercial industry. Its team combines backgrounds in gaming, technology, and venture capital, giving it unique insight into the business of spatial computing.

Notable Investments & Achievements:

• Early investor in Supernatural, STRIVR, and Baobab Studios

• Among the first dedicated AR/VR venture funds globally

• Partners include veterans from Oculus, HTC, and Playdom

• Helped build investor confidence in early XR content and platform startups

Specialization Areas:

• VR and AR applications and platforms

• Immersive entertainment and storytelling

• Enterprise XR training and simulation

• Healthcare and educational experiences

• Developer ecosystems and tools

Industry Impact:

• Provided early financial support to XR pioneers and content studios

• Helped validate the commercial potential of immersive media

• Accelerated innovation in spatial computing applications

• Inspired a new generation of XR-focused investment firms

Technologies & Platforms:

Unity, Unreal Engine, OpenXR, ARKit, ARCore, Meta Quest, Magic Leap, and immersive software ecosystems.

Presence Capital remains one of the most historically significant funds in XR, having supported the first generation of immersive companies that shaped the modern spatial computing landscape.