Instacart co-founder Apoorva Mehta launches Abundance, a hedge fund that aims to have AI agents run the entire fund, with $100M in seed funding

· Source ↗

TLDR

  • Instacart co-founder Apoorva Mehta launched Abundance, an AI-agent-run hedge fund, with $100M in seed funding.

Key Facts

  • The fund is named Abundance and was founded by Apoorva Mehta, co-founder of Instacart.
  • Abundance raised $100M in seed funding.
  • The fund aims to have AI agents run its entire operation, making it one of few funds doing so.

Why It Matters

  • Abundance is among the first hedge funds structured to delegate investment decisions entirely to AI agents.
  • The $100M seed round signals early institutional appetite for fully autonomous AI-driven fund management.

Hema Parmar / Bloomberg · 2026-04-24 · Read the original