Ashton Kutcher is leaving the venture firm he built over the past decade to start something new. The actor and prolific tech investor is departing Sound Ventures, the early-stage fund he co-founded in 2015, to launch a new venture capital firm alongside Morgan Beller, who recently stepped down as general partner at NFX.

The new firm will target early-stage startups, though the specific fund size and investment thesis haven’t been publicly disclosed yet.

Two resumes that overlap in all the right places

Kutcher’s departure from Sound Ventures isn’t a clean break. He’ll continue providing advisory support to the firm, which manages over $1B in assets under management and has built a portfolio that includes stakes in Airbnb, Uber, and a reported $30 million position in OpenAI.

Sound Ventures also raised a $240 million fund dedicated to AI investments, with positions in both OpenAI and Anthropic.

But Sound Ventures wasn’t just an AI shop. The firm had a clear crypto strategy too, backing Web3 companies including Syndicate, Cryptoys, and The Fabricant.

Beller, meanwhile, brings arguably even deeper crypto credentials. She co-led the strategy for Meta’s ambitious Libra project, later renamed Diem, the social media giant’s ill-fated attempt to create a global digital currency. That project ultimately collapsed under regulatory pressure, but the experience left Beller with an unusually detailed understanding of how digital payments, blockchain infrastructure, and regulatory frameworks interact.

She joined NFX as a general partner in 2020, where she focused on early-stage investments. Before that, her work at Facebook on Libra starting in 2017 put her at the center of what was, at the time, the most consequential crypto-adjacent project any major tech company had attempted.