Permanent Capital Ventures

permanent-capital.vc

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Mike Gamson — Co-Founder & Managing Partner

mike@permanent-capital.vc

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Jason Duboe — Co-Founder & Managing Partner

jason@permanent-capital.vc

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Wenz Xing — Principal

wenz@permanent-capital.vc

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Brian Frank — Partner

brian@permanent-capital.vc

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

• Mike Gamson — Co-Founder & Managing Partner; spent 11 years at LinkedIn running the global sales organization (grew revenue from $10M to $5B through IPO and Microsoft's acquisition), later CEO of Relativity, then CEO of Evozyne (AI biotechnology)
• Jason Duboe — Co-Founder & Managing Partner; began at Summit Partners investing in infrastructure and application software, later Chief Growth Officer at project44, scaling it from $1M to $130M in ARR
• Jessie Abrams — Principal
• Wenz Xing — Principal
• Brian Frank — Partner

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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.

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Notable Investments

• Compa
• Cynch
• Day.ai
• Logik
• Lyric
• Mia
• Outmarket
• Provi
• Recur
• TapTapSend
• TidalWave
• Wisdom