Moon Ocean Capital Partners completes acquisition of Intersoul

The transaction values Intersoul at approximately $410M and marks the firm's first investment in the durable companionship category. Founder Thomas Kensington continues as Chairman.

SAN FRANCISCO — March 4, 2026 — Moon Ocean Capital Partners (“Moon Ocean”) today announced the completion of its previously disclosed majority recapitalization of Intersoul, Inc. (“Intersoul” or “the Company”), a leader in durable AI companionship. Terms of the transaction were not publicly disclosed; persons familiar with the matter have indicated an aggregate enterprise valuation of approximately $410 million.

Under the terms of the transaction, Moon Ocean acquired a majority interest in Intersoul from its founders and Series A investors. Cross Axle Ventures, Lampblack Partners, and Tincture Capital retained minority positions. Thomas Kensington, the Company's founder, retains his role as Chairman of the Board and his existing common equity position. Intersoul will continue to operate as an independent portfolio company of Moon Ocean and will retain its existing headquarters, brand, and executive team.

Adrien Vey, Chief Executive Officer of Intersoul, said the transaction would accelerate the Company's investment in continuity infrastructure and international expansion. “Our customers are entering into a relationship that they expect to last decades,” Mr. Vey said. “A capital partner with Moon Ocean's time horizon is the appropriate match for a category whose obligations extend that far.”

Intersoul is the rare consumer technology company whose product appreciates in value the longer a customer uses it. We do not see another asset in our pipeline with that characteristic. — Eleanor Rask, Managing Partner, Moon Ocean Capital Partners

As part of the transaction, Henrik Sølberg has joined Intersoul as Chief Financial Officer, effective April 1, 2026. Mr. Sølberg most recently served as operating CFO at two prior Moon Ocean portfolio companies and brings sovereign-wealth-aligned portfolio operating experience to the role.

Thomas Kensington, Founder and Chairman, commented: “Three years ago we made an unfashionable bet that durable companionship was a category — not a feature. The bet has paid out, and the next phase requires a different kind of partner than the one we needed at the beginning. Moon Ocean understands what we are building and has agreed in writing to a continuity charter that protects the relationship our customers have with our companions. That charter, more than the price, is what made the transaction possible.”

Moon Ocean was advised by Wachtell, Lipton, Rosen & Katz on legal matters and by Upperview Partners on financial matters. Intersoul was advised by Dooley Klavath LLP and Lambeth & Co.

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