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 and inception

Focus

Physical AI and industrial systems

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 and a genuine interest in what comes next.

Start a conversation

Send a note and introduce yourself. Tell us what you are working on or what brought you here. We would love to share more about PaperJet and find the right way to work together.

chris@paperjet.vc