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Instacart co-founder Apoorva Mehta launches Abundance, a hedge fund that aims to have AI agents run the entire fund, with $100M in seed funding

Instacart co-founder Apoorva Mehta launched a hedge fund that relies on an army of artificial intelligence agents, one of the few using …

Bloomberg Hema Parmar

Discussion

  • @apoorva_mehta Apoorva Mehta on x
    Abundance: Building an AI Capital Allocator
  • @sri_batchu Sri Batchu on x
    Absolutely killer team. We are still so early in the transformation of AI, healthcare and finance. And you get to work with 🐐 founder like @apoorva_mehta
  • @alexkolicich Alex Kolicich on x
    Has been so fun to work with Apoorva on this new adventure. I've known him (@UWaterloo alum) since he founded @Instacart! His learning curve on Bio is exponential and ambition unlimited If you're interested in Capital Markets and AI, you should try to join his new journey
  • @abhishekn Abhishek Nagaraj on x
    Interesting! But there is a long track record of data driven/technology driven investing and unfortunately value accrues to capital rather than tech/ideas. That's why you spend hundreds of millions of dollars on faster connect to the exchange while returns to better data for
  • @nanli Nan Li on x
    Excited to announce @_DimensionCap's partnership with @apoorva_mehta @LakshAithani and @olshav on Abundance! A fully-integrated AI stack to drive scientific and technical underwriting, eval'd against the real time feedback of the public markets. This is an idea whose time has
  • @zavaindar Zavain Dar on x
    it's been exhilarating being a day 0 investor & partner with @apoorva_mehta @LakshAithani and @olshav as they build ABUNDANCE. Agentic harnesses, next gen reasoning models, and an unabashed hunt for rapid iteration and dispassionate truth seeking will upend global markets —
  • @garrytan Garry Tan on x
    Apoorva is one of the best founders I've ever met in my life. This is a big big idea.
  • @jacobkimmel Jacob Kimmel on x
    many of the most valuable assets in the world are illegible. intelligent systems can now discover value that would otherwise remain latent, directing resources to promising ideas & creating abundance. proud to support @apoorva_mehta, @olshav, & @LakshAithani to find them
  • @simondbarnett Simon Barnett on x
    I'm extremely excited to be partnering with @apoorva_mehta @olshav @LakshAithani as they build Abundance. Similar to @_DimensionCap itself, the team is focused on highly technical underwriting of emerging technologies, initially spanning the continuum of compute and the life