Permanent Capital Ventures

Permanent Capital Ventures (PCV) is an expansion-stage venture capital firm that invests in companies developing AI applications. The firm focuses on businesses that have achieved product-market fit and assists them in scaling their go-to-market strategies to an enterprise level.

The firm was co-founded by Mike Gamson and Ben Cukier. Mike Gamson has over 20 years of experience as an operator and investor, including roles as CEO of AI biotechnology company Evozyne and CEO of legal technology company Relativity. He also spent 11 years on the executive team at LinkedIn, where he led the global sales team. Ben Cukier has an extensive background in growth equity and private equity, having co-founded Centana Growth Partners in 2015 and previously spending nearly 16 years as a partner at FTV Capital. Another partner, Madeleine Dauer, has a background as a classically trained actor.

PCV's business model is centered on providing more than just capital; it offers unique go-to-market expertise to help its portfolio companies navigate the challenges of scaling. The firm's investment strategy is exemplified by its backing of companies like Wisdom, an AI-powered dental revenue cycle management platform, where PCV led a $21M Series A round. Their portfolio includes investments across various sectors, such as a B2B marketplace for the beverage industry, a compensation intelligence platform, and an AI platform for enterprise supply chains. The firm operates on a 'permanent capital' model, which emphasizes long-term value creation over short-term gains, aligning with founders who aim to build enduring businesses.

Keywords: expansion stage capital, venture capital, AI applications, go-to-market strategy, enterprise software, B2B software, artificial intelligence, revenue cycle management, compensation intelligence, supply chain AI, financial technology, long-term investment, private equity, growth equity, founder partnership