Anti Fund

Jake Paul and Geoff Woo co-founded Anti Fund in 2021. The firm launched in March and initially used AngelListAngelListAngelList is a startup investment platform company based in San Francisco, United States. Founded in 2010 by Naval Ravikant and Babak Nivi, it began as a mailing list recommending startups to angel investors, went on to launch online fundraising, Syndicates (co-investing), rolling funds, and other products, and later shifted into a fund administration and back-office services platform for venture capital funds and private markets.Open the full entry’s Rolling Funds platform, investing through rolling fundraising.⁠[1][2]

In August 2021, Anti Fund and former UFCUFC (Ultimate Fighting Championship)UFC (Ultimate Fighting Championship) is a mixed martial arts (MMA) promotion based in Las Vegas, United States. It began in 1993 as a no-holds-barred fighting tournament and gradually entered the mainstream after the Fertitta brothers’ Zuffa bought it for $2 million in 2001; it was sold for about $4 billion in 2016 to a consortium led by WME-IMG, and in 2023 it merged with WWE to form the publicly traded TKO Group Holdings, where as of 2026 it is one of the largest businesses by revenue.Open the full entry executive Nakisa Bidarian led a $30 million funding round for sports-betting technology company Simplebet. The round brought Simplebet’s total funding to $80 million; $30 million was the size of the whole round, not Anti Fund’s individual contribution.⁠[1]

On July 23, men’s personal care brand W announced it had raised a total of $14 million, including seed funding and incubation support from Anti Fund, with the Series A led by Shrug Capital. W had launched first through WalmartWalmartWalmart is an American retailer founded by Sam Walton in 1962, with businesses spanning physical retail, membership warehouse clubs, e-commerce and related services. Its businesses include Walmart and Sam’s Club, and it has expanded into other markets through international investments; its shares trade on Nasdaq under the ticker WMT.Open the full entry in June of that year; Jake Paul and Geoff Woo are also co-founders of the brand.⁠[2]

DraftKings signed an agreement to acquire Simplebet on August 28 and completed the deal on December 3. Its annual report lists about $36 million in cash, $45.1 million in equity, and contingent consideration of about $53.5 million at fair value as of the acquisition date. The contingent portion depends on later performance conditions and cannot all be treated as cash paid at closing.⁠[3]

These amounts relate to the acquisition as a whole. The filing does not list Anti Fund’s individual stake, distributions or investment cost, so they cannot be used to calculate the firm’s realized return.⁠[3]

Anti Fund announced the oversubscribed close of its $30 million Fund I, with firm assets under management exceeding $65 million, and announced that Logan PaulLogan PaulLogan Paul is an American content creator, professional wrestler and entrepreneur who rose to prominence on Vine and YouTube. He co-founded PRIME and Lunchly and co-hosts IMPAULSIVE. He has held WWE’s United States and World Tag Team championships and has worked in boxing and collectible cards.Open the full entry would become a general partner. Investors named in the announcement included Aquarian Holdings, Autilus Partners, Marc AndreessenMarc AndreessenMarc Andreessen is an American entrepreneur and venture capitalist, a co-founder and general partner of the venture capital firm Andreessen Horowitz (a16z). While in college he helped develop the graphical web browser Mosaic, then co-founded Netscape and Loudcloud (later renamed Opsware), and has long served as a director of Meta; he has also published essays such as “Why Software Is Eating the World.”Open the full entry and Chris DixonChris DixonChris Dixon is a programmer, entrepreneur, and venture capitalist, and the founder and managing partner of a16z crypto. He co-founded SiteAdvisor and Hunch, helped create Founder Collective, and later joined Andreessen Horowitz, investing in technology companies such as Coinbase. He is also the author of Read Write Own and has long written about blockchains, network ownership, the open internet, and the combination of AI and crypto.Open the full entry; FocusPoint Private Capital Group served as exclusive placement agent.⁠[4]

The announcement divided the strategy into small first checks for early-stage technical founders and concentrated investments in growth-stage companies. The fund’s size and the firm’s assets under management are different measures; they cannot be added together as another financing or interpreted as investment gains.⁠[4]

The firm announced the oversubscribed close of the $100 million Anti Fund Growth I, with assets under management exceeding $180 million. Aquarian Holdings, through its investment advisory platform, backed both Venture I and Growth I; the announcement also listed investors including FocusPoint, Daniel Michalow, Matt Holt, Athanor Capital and Asher Genoot.⁠[5]

Growth I disclosed holdings in companies including OpenAIOpenAIOpenAI is an artificial intelligence research and product organization founded in 2015 that develops the GPT model series, ChatGPT, Codex and a developer API, and conducts research on image, speech, video and intelligent agents. After its 2025 restructuring, the nonprofit OpenAI Foundation continues to control the for-profit OpenAI Group PBC. Its growth has involved large-scale fundraising and compute partnerships, and has also been accompanied by controversies over governance, copyright, privacy and AI safety.Open the full entry, Anduril, SpaceXSpaceXSpaceX is a company founded by Elon Musk in 2002 whose businesses include space transportation, Starlink satellite communications and artificial intelligence. It went public in 2026 under the ticker SPCX.Open the full entry, CognitionCognitionCognition is a U.S. artificial intelligence company founded by Scott Wu, Walden Yan and Steven Hao that develops the autonomous AI software engineer Devin. It launched Devin in March 2024, acquired the AI coding tool Windsurf in July 2025, and announced a Series E exceeding $2 billion at a $48 billion valuation in September 2026. Its annualized revenue passed $1 billion that month.Open the full entry, Saronic, EtchedEtchedEtched develops AI inference chips and rack systems, co-designing silicon, memory, interconnects, software and manufacturing for large-model inference.Open the full entry, Helion, Erebor and Modal. Compared with the early-stage fund, it concentrates on growth-stage and pre-IPO companies; the announcement did not disclose individual check sizes, costs or subsequent cash distributions.⁠[5]

In an investment manifesto published in September, Anti Fund connected its earlier investments in large language models, coding systems, applications, inference infrastructure and chips with a next phase in robotics, defense, energy and manufacturing. This was the firm’s investment view and future plan at the time and does not mean the technologies or fund returns have been realized.⁠[6]

On October 8, 2026, Catalyst announced a $30 million seed round led by Sequoia CapitalSequoia CapitalSequoia Capital is a venture capital firm founded by Don Valentine in 1972, investing from the seed stage through the growth stage. Its historical investments include Apple, Cisco, Google, YouTube, Airbnb, and Stripe; in 2021 it introduced the Sequoia Capital Fund structure, which can continue to hold public securities, and in 2023 its regional businesses became independent brands and partnerships.Open the full entry, in which Anti Fund participated; other investors in the round included Jump TradingJump TradingJump Trading is a proprietary trading firm headquartered in Chicago. It was founded in 1999 by two former Chicago Mercantile Exchange pit traders, built its business on algorithmic and high-frequency trading, and trades equities, options, credit, commodities, futures, and digital assets. Since 2021 its crypto business has operated under the Jump Crypto brand and has worked on blockchain infrastructure projects including Wormhole, Pyth, and Firedancer; in December 2024 its subsidiary Tai Mo Shan settled with the U.S. Securities and Exchange Commission over trading related to TerraUSD, paying about $123 million without admitting or denying the findings.Open the full entry, Peak XV PartnersPeak XV PartnersPeak XV Partners is a venture capital firm that grew out of Sequoia’s India and Southeast Asia business, investing across the seed, venture and growth stages in markets including India, Asia-Pacific and the United States. The firm began operating as Sequoia Capital India in 2006 and adopted its current name and became independent in 2023.Open the full entry, Lux CapitalLux CapitalLux Capital is a U.S. venture capital firm founded in 2000 by Peter Hébert, Josh Wolfe and Robert Paull, with offices in New York and Silicon Valley. Focused on emerging science and technology, the firm backs companies in fields including life sciences, artificial intelligence, robotics, manufacturing, aerospace and defense through fund investments and by helping to found companies.Open the full entry, Coinbase and Premji InvestPremji InvestPremji Invest is an investment firm established by Azim Premji in 2006, operating across private and public markets in India and the United States, with investment returns primarily supporting the philanthropic work of the Azim Premji Foundation. Its investment areas include technology, financial services, consumer, healthcare and industrials.Open the full entry. $30 million is the size of the whole round, and Anti Fund’s contribution was not disclosed. Founded in 2025 by Justin ZhengJustin ZhengJustin Zheng is an American entrepreneur and a co-founder of Catalyst, a startup building AI trading agents. He raised his first seed round at 16 and joined Worldcoin in 2019; in 2025 he co-founded Catalyst with Dylan Iskandar, and in October 2026 the company announced a $30 million seed round led by Sequoia Capital.Open the full entry and Dylan IskandarDylan IskandarDylan Iskandar is an American entrepreneur and a co-founder of Catalyst, a startup building AI trading agents. He studied classical piano from early childhood, did cybersecurity research for the U.S. Department of Defense in high school, and entered Stanford University as a Jane Street scholar before leaving to build Catalyst; in October 2026 the company announced a $30 million seed round led by Sequoia Capital.Open the full entry, Catalyst builds AI agents that turn natural-language trading ideas into automated strategies.⁠[7][8][9][9][10]

Anti Fund’s website portfolio lists Catalyst as a 2026 investment and labels the stage as Pre-Seed, which differs from the seed-round description in the announcement.⁠[10]

As of September 2026, the website listed Geoff Woo and Jake Paul as co-founders and managing partners, Logan Paul as general partner, Steve Han as partner and Laura Brady as head of capital formation. Post-investment support described on the website includes product judgment, customer introductions, recruiting and follow-on financing.⁠[10]

The website lists selected investments and explicitly marks Ramp, Eight Sleep and Chronosphere as personal investments, so not all of them can be attributed to Anti Fund’s fund portfolios. Its legal notice also states that different activities may be conducted by different affiliated entities or investment vehicles; the selected companies, founder testimonials and acquisition examples do not represent complete holdings or confirmed profits.⁠[10][11]

The website is maintained by Anti Fund Investment Fund LLC. Public materials are insufficient to calculate a unified IRR, DPI or TVPI across all funds; a portfolio company’s financing, acquisition or listing alone does not prove that a fund has distributed proceeds to its investors.⁠[11]