Paul Graham portfolio

Paul Graham has 12 portfolio companies on record at Recent Funding, with 3 investments in the last 12 months.

Type: Angel investor.

Portfolio on Recent Funding: 12.

Deals, last 12 months: 3.

Capital in their rounds: $326.7M.

Latest deal: Hop Aero · Sep 30, 2026.

About this page

It is an angel investor. Its most recent investment on record is Hop Aero's $11M Seed round in September 2026, alongside Lunar Ventures, Initialized Capital, System.One and 3 others. By category, its portfolio leans toward AI agents (4) and Developer tools and cloud (3). It has co-invested with Y Combinator, Andreessen Horowitz and Liquid 2 Ventures, most often Y Combinator (7 rounds).

What Paul Graham invests in

Paul Graham recent investments

Company	Round	Date	Alongside
HHop Aero	Seed · $11M	Sep 30, 2026	Lunar Ventures, Initialized Capital (lead), System.One +3
QQFEX	Seed · $9.5M	Aug 9, 2026	468 Capital, Ritual Capital, Y Combinator +5
LLuminal	Seed · $5.3M	Nov 18, 2025	Saga Ventures, Y Combinator, Ben Porterfield +4
RReplit	Series B+ · $250M	Sep 10, 2025	Craft Ventures, Coatue, Google AI Futures Fund +4
SSpeak	Series B+ · $20M	Jun 25, 2024	OpenAI Startup Fund, Buckley Ventures (lead), Khosla Ventures +3
NNovig	Seed · $6.4M	Aug 22, 2023	Joe Montana, Y Combinator, Lux Capital (lead) +1
RReplit	Series A · $20M	Feb 18, 2021	A.Capital Ventures (lead), Y Combinator, Paul Buchheit +3
RReplit	Seed · $4.5M	Oct 22, 2018	Olivier Pomel, Y Combinator, Bloomberg Beta +3

How Paul Graham invests

Stage	Deals	Capital in rounds
Seed	5 63%	$36.7M
Series B+	2 25%	$270M
Series A	1 13%	$20M

Year	Deals	Capital in rounds
2018	1 13%	$4.5M
2021	1 13%	$20M
2023	1 13%	$6.4M
2024	1 13%	$20M
2025	2 25%	$255.3M
2026	2 25%	$20.5M

Paul Graham portfolio companies

HHop Aero$11MSeed · Sep 2026
QQFEX$9.5MSeed · Aug 2026
LLuminal$5.3MSeed · Nov 2025
RReplit$250MSeries B+ · Sep 2025
SSpeak$20MSeries B+ · Jun 2024
NNovig$6.4MSeed · Aug 2023
AApollo Atomicsbacker
DDiscovered Materialsbacker
GGreptilebacker
BBrowser Usebacker
PPerseus Defensebacker
WWebMyndbacker

Company	Round with Paul Graham	Total raised	Latest raise
HHop Aero Robotics and hardware	Sep 30, 2026 Seed · $11M	$11.5M	Sep 30, 2026 Seed
QQFEX	Aug 9, 2026 Seed · $9.5M	$9.5M	Aug 9, 2026 Seed
LLuminal AI infrastructure and compute	Nov 18, 2025 Seed · $5.3M	$30.3M	Nov 12, 2026 Series A
RReplit AI agents	Sep 10, 2025 Series B+ · $250M	$871.9M	Mar 11, 2026 Series B+
SSpeak Voice and audio AI	Jun 25, 2024 Series B+ · $20M	$141M	Mar 28, 2025 Series B+
NNovig Prediction markets	Aug 22, 2023 Seed · $6.4M	$99.9M	Feb 18, 2026 Series B+
AApollo Atomics Climate and energy	backer	$500K	—
DDiscovered Materials AI agents	backer	$9.5M	Aug 14, 2026 Seed
GGreptile AI agents	backer	$79.5M	Oct 19, 2026 Series B+
BBrowser Use AI agents	backer	$17.5M	Mar 23, 2025 Seed
PPerseus Defense Robotics and hardware	backer	$500K	Sep 18, 2025 Seed
WWebMynd Data and analytics	backer	$16M	Dec 18, 2025 Series A

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (AI agents).

How this is counted

Share is of the 8 rounds on Recent Funding that name Paul Graham. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Paul Graham, which is a subset of its real portfolio. API: /api/v1/investors/paul-graham (get a free API key). More: the most active VC firms and new venture capital funds.