Abundance
Agent-run long/short equity fund from Instacart co-founder Apoorva Mehta
Abundance is a Palo Alto hedge fund in which AI agents handle the full investment loop, from gathering information and forming ideas to selecting, sizing and executing long/short equity positions. It launched in 2026 with about $100M and currently trades mostly its own capital, with plans to expand into other asset classes.
GAII take
A live test of whether agents can replace portfolio managers; watch for external capital, audited track record and risk-limit governance disclosures.
A live test of whether agents can replace portfolio managers; watch for external capital, audited track record and risk-limit governance disclosures.
- Website
- abundanceco.com
- Headquarters
- Palo Alto, CA, USA
- Company type
- Fund
- Funding
- $100M · Pre-seed / Seed
- Latest round
- Seed · $100M · Apr 2026
- Status
- Active
- Founders
- Apoorva Mehta
- Buyer
- Allocators & LPs
- Asset class
- Public equities
- Workflow
- Idea generationPortfolio constructionTrading & execution
- Ai capability
- Agents & automation
- Delivery
- Managed service / fund
GAII ID GAII-T0003 · Updated 2026-10-22 · Compiled from public sources for educational and informational purposes. Not investment advice.