The Pearl Fund
Overview
The Pearl Fund is a pioneering investment firm and the first Opportunity Zone (OZ) venture capital fund in the United States, specializing in structured, tax-advantaged strategies. It focuses on investing in high-potential, early-stage technology startups. The firm was founded by Brian P. Phillips and was ranked by Forbes as one of the top 10 OZ fund managers. In 2025, the firm launched the Pearl Bitcoin Fund, a $500 million vehicle that also utilizes the OZ structure to offer tax-free returns on Bitcoin investments for accredited investors.
Portfolio Companies
5
Website
thepearl.fundInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Micronic Technologies | Oct 2020 | Seed | Lead |
| Inclusively | Feb 2021 | Seed | Co-investor |
| Kwant | Mar 2022 | Seed | Co-investor |
| hellohive | Feb 2024 | Series A | Co-investor |
| driverDOC | Jan 2021 | Seed | Lead |
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is The Pearl Fund based?
The Pearl Fund is headquartered in New York City, New York, United States.
When was The Pearl Fund founded?
Founding year information for The Pearl Fund is not publicly available.
How many portfolio companies does The Pearl Fund have?
The Pearl Fund has 5 portfolio companies in Caplight's dataset.
What are some companies in The Pearl Fund's portfolio?
Portfolio companies visible on Caplight include Micronic Technologies, Inclusively, Kwant, hellohive, driverDOC.
What was The Pearl Fund's most recent investment shown here?
The Pearl Fund's most recent investment in this portfolio sample was in hellohive in 2024.
What sectors does The Pearl Fund focus on?
The Pearl Fund focuses on Enterprise Software, Mobility, Transportation & Logistics, Enterprise Software, Frontier & Industrial Tech, Frontier & Industrial Tech, Enterprise Software, Energy & Sustainability, Consumer & Commerce, Enterprise Software.
What company stages does The Pearl Fund focus on?
The Pearl Fund typically invests at the Early stage.
What is The Pearl Fund's AUM?
The Pearl Fund's assets under management are estimated at over $25.0M.