/Investor DB

The Pearl Fund

Venture capitaloperating company · company profile

Seed · 6 people tracked

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Investment thesis

The Pearl Fund applies Opportunity Zone tax provisions from the 2017 Tax Cuts and Jobs Act to create tax-advantaged investment vehicles. Its current flagship, the Pearl Bitcoin Fund, enables accredited US investors to roll recent capital gains into institutionally custodied Bitcoin within the IRS 180-day window, deferring the original tax bill and eliminating capital gains tax on appreciation after a 10-year hold through 2047. The firm pioneered the first US Opportunity Zone business fund and earlier Pearl Funds I and II stacked OZ and QSBS exemptions in seed-stage venture investments. It emphasizes SEC Reg D 506(c) compliance, independent audits, institutional custody, and monthly liquidity options.

Source: firm website, verified Oct 26, 2026.

Stage
Seed
Check
$500K
Instruments
Equity
Tracked investments
4

Team · 6 people

from the firm's website
Brianin

An early Bitcoin investor since 2013 and creator of what is described as the first Opportunity Zone venture capital fund in the US, ranked by Forbes among the top 10 OZ fund managers. Over a 30-year career he served on founding teams of startups (two IPOs, two acquisitions), raised over $33M as a founding CEO, and advised major firms and universities on company building.

Brian P. Phillips· Founder & Managing Partnerin

An early Bitcoin investor since 2013 and creator of the first Opportunity Zone venture capital fund in the US, ranked by Forbes among the top 10 OZ fund managers. Over a 30-year career he served on founding teams of startups (two IPOs, two acquisitions), raised over $33M as a founding CEO, and advised major firms and universities on company building.

Evein

Brings 30 years across investment banking and venture capital plus strategy, marketing, business development, and product roles at startups and large corporations. Began her career at McKinsey & Company in New York, later transferred to Moscow, and joined the founding team of one of Russia's earliest venture capital funds.

Eve Tetzlaff· Partnerin

Brings 30 years of experience across investment banking and venture capital plus strategy, marketing, business development, and product roles spanning tech, healthcare, life sciences, and consumer sectors in the US and abroad. She began at McKinsey & Company in New York and Moscow before joining the founding team of one of Russia's earliest venture capital funds.

Paul

Finance and compliance veteran whose career spans CFO roles at registered investment companies and business development companies, investment banking, US REIT analysis, broker-dealer principal, and portfolio management, providing the regulatory backbone for the Fund's structure.

Paul Saint-Pierre· Partnerin

A finance veteran across alternative investments, having served as CFO of registered investment and business development companies, investment banker, US REIT analyst, broker-dealer principal, and portfolio manager. He has designed and managed SEC-registered investment vehicles and advised institutional investors, forming the compliance backbone of the Fund.

What they invest in

from 2 of 4 portfolio companies

AI & Machine Learning ×2Construction Tech ×1Future of Work ×1HR Tech ×1SaaS ×1

HQs:United States×1

Investments · 4 tracked

founders shown can be your intro path
Inclusivelyinclusively.comin𝕏

Inclusively offers a system that interprets employee-described situations and connects them to relevant workplace benefits and support resources (such as an EAP), aiming to increase benefit utilization.

AI & Machine LearningFuture of WorkHR Tech

Charlotte Dales(Founder)inSarah Bernard(Founder)in

Co-investorsAcumen AmericaEnable VenturesHow Women InvestNaples Technology VenturesPurple Sage VenturesSorenson Impact Foundation+3 more

Kwantkwant.ai

Kwant provides a construction workforce management platform that combines plug-and-play hardware sensors and AI software to track workers, automate safety and compliance reporting, and deliver real-time jobsite insights.

AI & Machine LearningConstruction TechSaaS

Eli Borton(Founder)Niran Shrestha(Founder)Timothy Axness(Founder)

Co-investorsForefront VentureInsurTechLiebenthal VenturesMetaPropMetaProp Ventures7BC Venture Capital+3 more

Micronic Technologiesmicronictechnologies.cominOct 2020

Bristol, US

KAREN SORBER(CEO)inLYNDA MESSICK(Director)KELLY ROCK(Director)STEVEN L. MELTZER(Director)

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Peoples Energy Analytics

Frequently asked questions

What stage does The Pearl Fund invest at?
The Pearl Fund invests at the Seed stage.
What is The Pearl Fund's typical check size?
The Pearl Fund typically writes checks of $500K.
What sectors does The Pearl Fund focus on?
The Pearl Fund focuses on Crypto & Web3.
Who does The Pearl Fund co-invest with?
The Pearl Fund most often shares deals with Enable Ventures, Forefront Venture, How Women Invest, among 12 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Investor Connect - Episode 321- Brian Phillips of The Pearl Fund

Hall Martin · Brian

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