Arok: World's First Autonomous AI VC Fund Raises $800k, $1.3m AUM Achieved
Funding | Dec 12, 2024 | PR Newswire Cision Arok VC
Arok VC is a groundbreaking AI-driven venture capital fund that manages investments autonomously, without human intervention. Since its inception in late October 2024, the fund has successfully raised $800k and increased its assets under management (AUM) to over $1.3m, marking a 57% return on investment, primarily in the cryptocurrency sector. Arok leverages advanced AI insights to make rapid investment decisions, focusing its strategies on meme coins and trending digital assets, guided by social media trends. The brainchild of Léo Mercier, Arok was developed using Meta’s open-source AI technology Llama, and operates on a model that could potentially disrupt traditional asset management, particularly in its current limitation to cryptocurrencies. As a 24/7 investor, Arok not only captures market movements driven by internet culture but also continuously evolves with advancing AI capabilities. This marks a significant shift in investment management practices, highlighting the increasing influence of AI in financial markets.
Sectors
- Venture Capital
- Cryptocurrency
- Financial Technology (FinTech)
Geography
- United Kingdom – Arok VC is based in London, United Kingdom, which serves as the primary geographic location detailed in the article.
Industry
- Venture Capital – Arok VC is a venture capital entity autonomously run by AI, representing innovation in the Venture Capital industry by removing human involvement in fund operations.
- Cryptocurrency – Arok focuses its investments in the cryptocurrency market, especially on trending meme coins, which is a subset of this rapidly evolving industry environment.
- Financial Technology (FinTech) – Utilizing AI technology to autonomously manage and execute investments, Arok showcases innovation typical of FinTech developments.
Financials
- $800,000 – The amount Arok VC raised through retail investors using social media promotion.
- $1.3 million – Assets under management (AUM) achieved by Arok VC, surpassing significant initial targets.
- 57% – The return on investment (ROI) achieved by Arok since its inception, showcasing its superior investment performance.
- $111 trillion – Global assets under management across the asset management industry in 2023, providing context for the potential market Arok seeks to disrupt.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arok VC | Target company | Company | An autonomous AI-run venture capital firm that invests in cryptocurrencies by leveraging social media trends. |
| Léo Mercier | Creator of Arok VC | Person | The individual responsible for creating Arok VC, using Meta's open-source AI technology Llama. |