Permanent Capital Ventures (PCV) is an early-stage venture capital firm founded in 2024 by Mike Gamson and Jason Duboe, leading Series A investments in applied AI companies. PCV specializes in helping technical founders build go-to-market engines for enterprise scale, drawing on the founders' operating backgrounds at LinkedIn, Relativity, and project44.
PCV invests in AI-native software and AI-enabled services companies that have moved beyond early product-market fit and are ready to build a structured go-to-market engine for enterprise scale. The firm looks for exceptional founder-market fit, technical founders who have lived through the problem they're solving.
PCV runs a concentrated model, with each partner making only 1–2 investments per year, allowing deep, hands-on involvement in hiring, go-to-market execution, and revenue operations.
Since its 2024 inception, PCV has raised more than $350M and is currently investing out of PCV Fund II, a $200M vehicle. The firm was publicly introduced in August 2026, though it had been investing and building its portfolio since 2024.
PCV leads Series A rounds primarily, with a small number of later-stage follow-ons (two portfolio companies, Provi and TapTapSend, were backed at Series C).
Leadership
Investment Strategy
Backs technical founders past early product-market fit who need to build enterprise-scale go-to-market engines. Concentrated model: each partner makes only 1–2 investments per year.
Notable Investments
Mike Gamson — Co-Founder & Managing Partner
mike@permanent-capital.vc
Jason Duboe — Co-Founder & Managing Partner
jason@permanent-capital.vc
Wenz Xing — Principal
wenz@permanent-capital.vc
Brian Frank — Partner
brian@permanent-capital.vc
United States
