Anti Fund, the venture and growth investment platform co-led by Jake Paul and Geoffrey Woo, is seeking to raise $400 million for a new venture fund, according to a regulatory filing reported by Axios. The target is more than 13 times the size of the firm’s first venture fund, which closed less than a year ago.

Anti Fund closed its oversubscribed $30 million Venture I in December 2025, the same month Jake Paul’s brother Logan Paul joined the firm as general partner. It followed in June 2026 with a separate $100 million Growth I fund, pushing the firm’s assets under management above $180 million.

The two funds anchor what Anti Fund calls a barbell strategy: early-stage venture checks into technical founders on one end, concentrated growth investments in companies scaling that technical edge into institutional-size businesses on the other. Growth I has built positions in OpenAI, Anduril, SpaceX, Cognition, Saronic, Etched, Helion, Erebor and Modal, spanning AI, frontier infrastructure, defense, robotics and energy.

Woo, who also co-founded Archive and Ketone-IQ, manages Anti Fund alongside Jake Paul. “Anti Fund was built to back exceptional founders before the market fully understands them,” Woo said when Growth I closed in June. “Venture I lets us invest at the earliest stages, when taste and conviction matter most. Growth I lets us keep backing and turbocharging the same kind of founders later, when they are running the companies that define our generation.”

Aquarian Holdings, which manages approximately $27.1 billion in AUM as of March 31, 2026, anchored both existing funds through its investment advisory platform. Other limited partners include FocusPoint Private Capital Group, which also served as exclusive placement agent; Daniel Michalow, a former partner at D.E. Shaw; Matt Holt, founder of Thoreau Group; Athanor Capital; and Asher Genoot, CEO of Hut 8 Corp.

Jake Paul, whose other ventures include W and Betr Media, framed the firm’s pitch around scarcity of founder support rather than capital. “Capital is everywhere; attention, trust, and real founder help are not,” he said. “At the earliest stages, founders need believers. As companies scale, the most successful founders look for partners who can both support and challenge them to go further.”

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