2026 · 2 min read
Five Decacorns. One Fund.
With today's financing announcement by Base Power Company, we've officially reached five decacorns within AAF Management Ltd.'s The Axis Fund portfolio.
It's a milestone we're incredibly proud of, but more importantly, it reflects where we believe enduring value is being created.
While valuations make headlines, what excites us most is the caliber of founders building category-defining companies across AI, infrastructure, energy, and enterprise software.
Our decacorn portfolio today includes:
- Base Power Company — reinventing home energy infrastructure through distributed battery systems.
- ElevenLabs — defining the future of AI voice and speech generation.
- Thinking Machines Lab — building the next generation of frontier open-weight AI models.
- Perplexity — reimagining search and knowledge discovery for the AI era.
- Deel — powering the infrastructure behind the modern global workforce.
Kyle Hendrick — AAF Management Ltd.