Beyond entertainment, Kutcher is also a venture capitalist. He is a co-founder of the venture capital firm A-Grade Investments. At SXSW on March 14, 2015, Kutcher announced Sound Ventures, the successor to A-Grade Investments, managing a fund backed by institutional funding. Kutcher has also successfully invested in several high technology startups. Kutcher has investments in over 60 companies, the most prominent of which include Skype, Foursquare, Airbnb, Path and Fab.com. Kutcher has invested in five startups —Neighborly, Zenreach, ResearchGate, Kopari Beauty, and Lemonade—marking his foray into the "insurtech" sector.