# Valor Ventures P-Ai
Valor Ventures P-Ai is the working name for a New York-based manager of artificial intelligence-focused venture capital funds, operating through two Delaware limited partnerships, Valor Ventures P-AI, L.P. and Valor Ventures P-AI II, L.P., both formed in 2025 and together reporting $103.71 million sold to investors in SEC Form D filings.[1](https://www.sec.gov/Archives/edgar/data/2071784/0002027823-25-000001.txt) • [2](https://www.sec.gov/Archives/edgar/data/2081513/0002081513-25-000001.txt) Both funds are headquartered at 10 East 53rd Street, Suite 2502, 25th Floor, New York, NY 10022, and are managed by the same three managing members.[1](https://www.sec.gov/Archives/edgar/data/2071784/0002027823-25-000001.txt) • [2](https://www.sec.gov/Archives/edgar/data/2081513/0002081513-25-000001.txt)
| Key fact | Detail |
| --- | --- |
| Legal entities | Valor Ventures P-AI, L.P. and Valor Ventures P-AI II, L.P., both Delaware limited partnerships formed in 2025[1](https://www.sec.gov/Archives/edgar/data/2071784/0002027823-25-000001.txt) • [2](https://www.sec.gov/Archives/edgar/data/2081513/0002081513-25-000001.txt) |
| Headquarters | 10 East 53rd Street, Suite 2502, New York, NY 10022[1](https://www.sec.gov/Archives/edgar/data/2071784/0002027823-25-000001.txt) |
| Managing members | Scott Sobel, Clifford Sobel, and Paulo Passoni, each a managing member of the general partner of both funds[1](https://www.sec.gov/Archives/edgar/data/2071784/0002027823-25-000001.txt) • [2](https://www.sec.gov/Archives/edgar/data/2081513/0002081513-25-000001.txt) |
| Capital raised | $80,825,000 (Fund I) plus $22,885,000 (Fund II), $103.71 million total sold[1](https://www.sec.gov/Archives/edgar/data/2071784/0002027823-25-000001.txt) • [2](https://www.sec.gov/Archives/edgar/data/2081513/0002081513-25-000001.txt) |
| Placement agent | J.P. Morgan Securities LLC on both offerings[1](https://www.sec.gov/Archives/edgar/data/2071784/0002027823-25-000001.txt) • [2](https://www.sec.gov/Archives/edgar/data/2081513/0002081513-25-000001.txt) |
| Fund type | Pooled investment funds classified as venture capital funds[2](https://www.sec.gov/Archives/edgar/data/2081513/0002081513-25-000001.txt) |
## Funds by the numbers
**Fund I.** Valor Ventures P-AI, L.P. filed its Form D on June 13, 2025, reporting $80,825,000 sold with $0 remaining in the offering. The fund conducted its offering under Rule 506(b) (private-placement rule allowing unlimited accredited investors, no solicitation) with the exemption under Section 3(c)(7) of the Investment Company Act, and reported 74 investors, with first sale on June 3, 2025.[1](https://www.sec.gov/Archives/edgar/data/2071784/0002027823-25-000001.txt) J.P. Morgan Securities LLC is listed as the sole placement agent.[1](https://www.sec.gov/Archives/edgar/data/2071784/0002027823-25-000001.txt)
**Fund II.** Valor Ventures P-AI II, L.P. filed on September 16, 2025, reporting a fully subscribed $22,885,000 offering with $0 remaining, first sale on September 2, 2025, and 37 investors. This fund used Rule 506(b) with the Section 3(c)(1) exemption.[2](https://www.sec.gov/Archives/edgar/data/2081513/0002081513-25-000001.txt) The filing describes the issuer as a pooled investment fund and a venture capital fund, with a December 31 fiscal year end.[2](https://www.sec.gov/Archives/edgar/data/2081513/0002081513-25-000001.txt)
The two vehicles differ in exemption: Fund I was offered under Section 3(c)(7), while Fund II was offered under Section 3(c)(1).[1](https://www.sec.gov/Archives/edgar/data/2071784/0002027823-25-000001.txt) • [2](https://www.sec.gov/Archives/edgar/data/2081513/0002081513-25-000001.txt)
## People
Both filings name Scott Sobel, Clifford Sobel, and Paulo Passoni as managing members of the general partner; Scott Sobel signed the Fund II filing.[1](https://www.sec.gov/Archives/edgar/data/2071784/0002027823-25-000001.txt) • [2](https://www.sec.gov/Archives/edgar/data/2081513/0002081513-25-000001.txt)
A third-party profile (unverified) attributes the P-AI vehicles to Valor Capital Group and describes Clifford M. Sobel as a founding partner, former US Ambassador to Brazil and the Netherlands, and Scott Sobel as a founding partner and entrepreneur; the same profile lists Paulo Passoni, Antoine Colaço, Michael Nicklas, and Carlos Costa as managing partners of that firm.[3](https://f4.fund/firms/valor-capital-group) The profile also reports that former PayPal CEO Dan Schulman joined as a managing partner.[3](https://f4.fund/firms/valor-capital-group) No primary filing names Valor Capital Group as the manager of the P-AI funds, so the connection rests on the profile rather than the SEC record.
## Related vehicles and context
The same 10 East 53rd Street address appears on an earlier Form D: Valor Venture Fund V-A, L.P., a [Cayman Islands](https://www.edgepedia.org/cayman-islands) vehicle whose filing was made effective July 3, 2024. This indicates the manager operated fund vehicles at the same location before the P-AI funds were formed.[4](https://www.sec.gov/Archives/edgar/data/2027824/0002027824-24-000002-index.html)
According to the unverified profile, Valor Capital Group reports approximately $2.2 billion in total assets under management, and its reported portfolio includes AI investments in [ElevenLabs](https://www.edgepedia.org/elevenlabs) (February 2026) and [Perplexity](https://www.edgepedia.org/perplexity), alongside fintech positions in [CloudWalk](https://www.edgepedia.org/cloudwalk), Circle, Coinbase, Bitso, and Stone; CloudWalk is reported to have passed $1.2 billion in annualized revenue as of October 2025.[3](https://f4.fund/firms/valor-capital-group) These figures are firm- or profile-sourced, not independently verified, and no source ties any specific portfolio deal to the P-AI vehicles themselves.
## References
1. [SEC Form D — Valor Ventures P-AI, L.P. (filed 2025-06-13)](https://www.sec.gov/Archives/edgar/data/2071784/0002027823-25-000001.txt)
2. [SEC Form D — Valor Ventures P-AI II, L.P. (filed 2025-09-16)](https://www.sec.gov/Archives/edgar/data/2081513/0002081513-25-000001.txt)
3. [Valor Capital Group — Investment Thesis & Preferences (F4 profile, unverified)](https://f4.fund/firms/valor-capital-group)
4. [SEC Form D index — Valor Venture Fund V-A, L.P. (filed 2024-07-03)](https://www.sec.gov/Archives/edgar/data/2027824/0002027824-24-000002-index.html)
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*Topic: Encyclopedia › Society and history › Economics and business › Finance › Venture capital and private equity › Venture capital firms of the Americas › AI and deep technology investors*
*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license