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Status
ACTIVE
Global HQ
Palo Alto, United States
Countries of investment
  • United States
Investment stages
  • Seed
  • Series A
  • Series B
Industries
  • AI
  • Generative AI
  • Machine Learning
  • Enterprise Software
About
49 Palms Ventures is a Palo Alto-based venture firm that launched a $100M Fund I for AI founders in October 2026. They invest from seed to Series B, with a portfolio concentrated in the United States. The firm is led by pricing specialists Madhavan Ramanujam and Josh Bloom, and its focus on AI pricing defines the kind of support it offers founders alongside the capital it provides.
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$500K
Max check size
$2.5M
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Investment Thesis

49 Palms Ventures is an early-stage venture firm investing in AI founders from seed through Series B. Their core thesis is that pricing and monetization are among the most underused levers for AI companies, and that founders gain a real advantage when they treat how they charge for a product as a strategic decision rather than an afterthought. What makes 49 Palms unique is that it is run by pricing specialists Madhavan Ramanujam and Josh Bloom, who pair capital with deep expertise in how AI products are priced and packaged.
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Manager's Experience

Founded by Madhavan Ramanujam and Josh Bloom (both Co-founders and General Partners), with Rhian Davies and Mandar Kulkarni as Principals. A lean four person investment team. Portfolio includes Ollama, Paid, Skild AI, Exa, Edra, Rox and Delphi. An early stage firm focused on AI companies and their infrastructure.

49 Palms Ventures Contacts Information

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Secondary contact

Team

Madhavan Ramanujam - Co-founder & General Partner

Josh Bloom - Co-founder & General Partner

Rhian Davies - Principal

Mandar Kulkarni - Principal

Portfolio

Ollama

Paid

Skild AI

Edra

Ricursive Intelligence

Exa

Engram

Elorian

Rox

Delphi

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