Ashton Kutcher is moving beyond Sound Ventures to build a new venture capital firm with Morgan Beller, according to reporting from the Wall Street Journal. The new fund has not yet revealed its name, but it is already drawing attention for its focus on the next wave of technology investment.
Beller brings deep experience to the partnership. She recently served as a general partner at NFX, helped lead Meta's Libra initiative, and previously spent nearly three years at Andreessen Horowitz. Together, the pair are aiming at early-stage startups working in AI infrastructure, energy, and deep tech.
Kutcher's move does not signal a retreat from Sound Ventures. He will remain an advisor to the firm, while Guy Oseary and Sound general partner Effie Epstein will also advise the new venture. Sound Ventures has backed companies including Brex and Gusto, and was an early investor in OpenAI, Anthropic, and World Labs.
The shift highlights a broader trend in venture capital: attention is expanding from headline AI products to the systems that support them, including computing power, energy efficiency, and scientific engineering. In that sense, Kutcher and Beller are positioning their fund around the foundational layer of the AI economy. This approach could help shape where the next generation of breakthrough companies begins.
