For LPs

For allocators who want early exposure to Physical AI before it becomes consensus.

PaperJet is actively building the LP base for Fund I. We are selectively expanding the portfolio and open to conversations with CVCs, family offices, and strategic allocators who understand long-cycle industrial domains.

Fund mechanics

Fund

PaperJet Fund I

Stage

Pre-seed: lab result to first paid pilot

Focus

Chips, power, machines, and the supply chain

Structure

Fund with SPV continuity layer

How the SPV layer works

Fund I builds ownership early. The SPV layer lets LPs follow the top opportunities with larger, purpose-built vehicles as those companies mature. The two are designed to work together. Early conviction in Fund I, concentrated follow-on through SPVs.

LPs can participate at both layers or either one independently.

Who we work with

We work best with LPs who have a point of view on where industrial systems are heading. CVCs with roadmap visibility, family offices with operating backgrounds in physical industries, and defense-adjacent allocators who understand dual-use technology cycles. The best conversations start with a shared perspective on the problem.

Start a conversation

The right conversation starts at the thesis level. If you have a view on where Physical AI is heading and want to understand how PaperJet is positioned inside that, reach out directly.

contact@paperjet.vc