Ashton Kutcher is departing from Sound Ventures to launch a new venture capital firm alongside Morgan Beller.

      **TL;DR:** Ashton Kutcher is departing from Sound Ventures to co-establish a new early-stage firm with Morgan Beller, concentrating on AI infrastructure, energy, and deep tech.

      Ashton Kutcher will be leaving Sound Ventures, the company he co-founded with Guy Oseary 11 years ago, to launch a new venture capital firm in partnership with Morgan Beller, as reported by TechCrunch. The new venture will focus on early-stage investments in AI infrastructure, energy, and deep tech areas, where Kutcher envisions the emergence of the next wave of transformative companies.

      This decision is also strategic, as Sound Ventures has leaned towards later-stage investments over the years, whereas Kutcher aims to return to supporting founders at very early stages. The name of the new firm has yet to be revealed, as well as its fund size.

      Beller comes with an impressive background that includes leadership roles at significant tech and venture capital firms. She was instrumental in the development of Libra, Meta’s cryptocurrency initiative, which later became known as Diem before its closure. After about three years as a partner at Andreessen Horowitz, she became a general partner at NFX.

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      Kutcher’s reputation as a technology investor has consistently surpassed his Hollywood persona. Sound Ventures was an early supporter of OpenAI and Anthropic before they gained mainstream recognition, along with backing for companies like Brex, Gusto, and World Labs, founded by Stanford professor Fei-Fei Li. Stanford finance professor Ilya Strebulaev lauded Kutcher’s investment achievements on X following the announcement, referring to them as among the strongest in venture capital over the past decade.

      The split appears to be amicable. Kutcher will remain an advisor to Sound Ventures, while Oseary and Effie Epstein, Sound’s other general partner, will offer counsel to the new firm. Sound Ventures currently manages assets exceeding one billion dollars and will continue functioning under Oseary’s direction.

      The timing presents challenges for Kutcher and Beller, as the market is quite competitive. Founders Fund recently closed a $6 billion growth fund targeting AI and defense technology, Accel raised $5 billion for late-stage AI investments, and Eclipse secured over $1 billion for early-stage deep tech and physical industries. In the first quarter of 2026, a record $297 billion was invested in startups globally.

      What sets the new firm apart, at least conceptually, is its focus on early-stage investments combined with sector specificity. Most large funds vying for AI investments are making hundred-million-dollar commitments to companies that have already established product-market fit. Kutcher and Beller believe the greater opportunity lies earlier in the process, investing in the infrastructure and energy companies that later-stage AI powerhouses will rely on. However, it remains uncertain whether a firm without a well-known name or specified fund size can effectively compete against established deep tech investors.