About Caffeinated Capital
Caffeinated Capital is a venture capital firm founded in 2009. It is primarily based out of San Francisco, United States. As of Sep 2026, Caffeinated Capital has invested in 228 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Series D round of Varda Space Industries Overall, Caffeinated Capital portfolio has seen 24 unicorns, 5 IPOs and 34 acquisitions including key companies like Apple, Affirm and Brex. A lot of funds co-invest with Caffeinated Capital, with names like SciFi sharing a substantial percentage of its portfolio. Caffeinated Capital has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 5 more
Portfolio IPOs
Portfolio Unicorns
Deals in last 12 months
Caffeinated Capital's List of Top Investments
Caffeinated Capital has a portfolio of 228 companies, including 24 unicorns. Their most notable investments are in Polywork and Polywork.Their portfolio spans across United States, United Kingdom, Canada and 17 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 34 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by Caffeinated Capital:1. Apple
Technology company and product innovator developing consumer electronics. The firm designs smartphones, personal computers, tablets, wearables, and related hardware alongside proprietary operating systems and productivity applications. It provides integrated ecosystems including cloud computing, digital media distribution, payment processing, and enterprise software solutions. Services encompass content streaming platforms, mobile app marketplaces, augmented reality frameworks, and professional creative software suites. Continuous platform evolution maintains seamless hardware-software integration across personal computing and professional segments.
Key facts about Apple
- Founded Year: 1976
- Location: Cupertino (United States)
- Annual Revenue: $1B+ as on Sep 30, 2025
- Stage: Public
- Employee Count: 220,950 as on Sep 30, 2026
- Investors: 2020 Ventures, Berkshire Hathaway and 40 Others
- Latest Funding Round: Post IPO, Dec 25, 2020, $*****
- Highlight: Public
2. Affirm
Provider of point of sale financing solutions for consumers and merchants. It facilitates payment plans with transparent terms and no hidden fees. The company provides options for consumers to pay over time at various retailers. It offers a mobile application and browser extension to manage payments.
Key facts about Affirm
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Jun 30, 2026
- Stage: Public
- Total Funding till date: $1.22B
- Employee Count: 3,181 as on Sep 30, 2026
- Investors: HTIF, Sprout Capital Partners and 43 Others
- Latest Funding Round: Series G, Sep 17, 2020, $*****
- Highlight: Public
3. Brex
Provider of financial software platform, cards, banking, expense, and accounting. The platform offers tools for corporate cards, expense management, travel, bill pay, banking, and treasury services. It provides solutions for startups, mid-size companies, and enterprises. The platform includes features for spend control, expense automation, vendor payments, and accounting automation.
Key facts about Brex
- Founded Year: 2017
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.2B
- Employee Count: 5,356 as on Sep 30, 2026
- Investors: Owl Rock, Baillie Gifford and 70 Others
- Latest Funding Round: Conventional Debt, Jan 13, 2025, $*****
- Highlight: Acquired
4. Cult.fit
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts. It offers various membership tiers providing access to different combinations of in-person and virtual fitness options. These options include group fitness classes led by trainers, access to gyms with varying levels of equipment and amenities, and live at-home workout sessions. Memberships also incorporate access to sports activities such as badminton and swimming. The company also provides coaching programs focused on weight loss and wellness resources. The offerings aim to create a holistic fitness experience.
Key facts about Cult.fit
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $717M
- Employee Count: 1,832 as on Apr 30, 2025
- Investors: Chiratae Ventures, Temasek and 100 Others
- Latest Funding Round: Series G, Mar 17, 2026, $*****
- Highlight: Editors' Pick
5. Mercury
Provider of a comprehensive online platform offering a range of financial services. The company provides integrated banking services for businesses, offering a platform to manage financial operations.
Key facts about Mercury
- Founded Year: 2017
- Location: San Francisco (United States)
- Annual Revenue: $1M - $10M as on Dec 31, 2021
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $546M
- Employee Count: 1,807 as on Sep 30, 2026
- Investors: Harmony Venture Partners, Sapphire Ventures and 81 Others
- Latest Funding Round: Series D, May 08, 2026, $*****
- Highlight: Editors' Pick
Caffeinated Capital's Year-on-Year Investment Trends
Caffeinated Capital has invested in 228 companies over the last 13 years, with an average of 8 new investments annually in the last 10 years. In 2025, it made 9 investments, while as of Sep 2026, it has made 2 investments in this year. Its most recent first time investment was in Stately Bio and most recent follow-on round was in Varda Space Industries.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 2 | 2 |
2025 | 4 | 5 | 9 |
2024 | 9 | 7 | 16 |
2023 | 14 | 3 | 17 |
2022 | 21 | 5 | 26 |
2021 | 15 | 9 | 24 |
2020 | 7 | 6 | 13 |
2019 | 3 | 5 | 8 |
2018 | 6 | 5 | 11 |
2017 | 4 | 2 | 6 |
Caffeinated Capital's Investments by Stage
Caffeinated Capital has made 53 investments in Seed stage with an average round size of $4.76M, 26 investments in Series A stage with an average round size of $24.6M and 7 investments in Series B stage with an average round size of $35.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 53 |
Series A | 26 |
Series B | 7 |
Conventional Debt | 2 |
Series C | 2 |
Others | 3 |
Note: We have considered here, only first round of investments
Caffeinated Capital's Investments by Sector
Caffeinated Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Life Sciences and Consumer. Notably, it has invested in 196 Tech companies, 149 Enterprise (B2B) companies, 126 Software companies and at least 69 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 54 |
FinTech | 21 |
High Tech | 16 |
Life Sciences | 13 |
Consumer | 12 |
Others | 101 |
Note: We have considered here, only first round of investments
Caffeinated Capital's Investments by Geography
Caffeinated Capital has made most investments in United States (82), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 82 |
United Kingdom | 2 |
Brazil | 1 |
Canada | 1 |
Colombia | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Caffeinated Capital's recent investments
Caffeinated Capital has made 2 investments in 2026 so far - Varda Space Industries and Matia.Here are the most recent investments by Caffeinated Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 30, 2026 | United States | Series D | 9866 | [+7] | |
Feb 10, 2026 | United States | Series A | 5602 | ||
Sep 22, 2025 | United States | Series B | 2908 | [+1] | |
Sep 09, 2025 | United States | Series E | 1349 | [+4] | |
Jul 10, 2025 | United States | Series C | 4657 | [+6] |
Unicorns in Caffeinated Capital's Portfolio
Caffeinated Capital has 24 unicorns in its portfolio - Twenty, Star Cloud, Hadrian and others. The most recent unicorn in their portfolio is Twenty. It became a unicorn in 2026.Here is a list of unicorns in Caffeinated Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
58 | Building foundational technologies for democracies to prevail in cyberspace and electromagnetic domains | 2024 | Arlington | Series B | vtugwbf | ||
66 | Provider of data center solutions for space | 2024 | Redmond | Series A | syufkak | ||
67 | Manufacturer of precision components and automated factory systems | 2021 | Torrance | Series D | ibsybil | ||
67 | In-orbit material testing and manufacturing | 2020 | El Segundo | Series D | logpjyo | ||
62 | Cloud-based mind mapping solutions for enterprises and the military | 2018 | Austin | Series D | osymwtz |
IPOs and Publicly Listed companies in Caffeinated Capital's Portfolio
5 of Caffeinated Capital's portfolio companies have become public. BioAge Labs got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2024 at marketcap of $615M and Bitwise got listed on the American Stock Exchange (NYSEAMERICAN).Here are Caffeinated Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 26, 2024 | Jul 28, 2017 | Series A | 6482 | |
Jan 11, 2024 | - | - | 3928 | |
Jan 13, 2021 | Dec 11, 2017 | Series E | 3833 | |
Dec 21, 2020 | Apr 16, 2015 | Series B | 1213 | |
Dec 12, 1980 | - | - | 6698 |
Acquired companies in Caffeinated Capital's Portfolio
34 companies from Caffeinated Capital's portfolio have been acquired. The most recent acquisition was Airtable in Aug 2026 by Bending Spoons for $*****.Here are Caffeinated Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 04, 2026 | Feb 25, 2015 | Seed | 1244 | |
Jun 01, 2026 | Dec 01, 2014 | Series A | 3196 | |
May 21, 2026 | Jul 22, 2021 | Series A | 9001 | |
Mar 20, 2026 | Apr 18, 2023 | Seed | 1424 | |
Mar 10, 2026 | Nov 30, 2022 | Series B | 6998 |
Team profile of Caffeinated Capital
Caffeinated Capital has a team of 3 members including 2 Partners and 1 Principal located in United States. Caffeinated Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Caffeinated Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Partner | New York City | - | - | |
Principal | San Francisco | - | - |
Co-investors of Caffeinated Capital
Over the past 13 years, 902 investors have co-invested in Caffeinated Capital's portfolio companies. This includes funds and angels.
- Invested before Caffeinated Capital: Y Combinator, Khosla Ventures and 135 others have invested in rounds before Caffeinated Capital. There are 15 companies where Y Combinator has invested before Caffeinated Capital and 5 companies where Khosla Ventures has invested before Caffeinated Capital.
- Top Co-investors of Caffeinated Capital: 434 investors entered a company along with Caffeinated Capital. These include investors like SciFi (10 companies).
- Invested after Caffeinated Capital: A total of 331 investors have invested in Caffeinated Capital's portfolio after their investments. Top Investors include Caffeinated (8 companies), Andreessen Horowitz (4 companies) and Tiger Global Management (4 companies).
Recent News related to Caffeinated Capital
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Twenty Raises $100M in Series B Funding, at $1 Billion ValuationFinSMEs•Jun 17, 2026•In-Q-Tel, General Catalyst, Caffeinated Capital, Waypoint and 7 others
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Capchase receives US$26 million in equity financing to use AI to reconstruct the enterprise supplier financing marketWeiyang Network•May 29, 2026•Caffeinated Capital, Capchase, Thomvest Ventures, 01 Advisors
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Stately Bio Raises $12M in Seed FundingFinSMEs•May 01, 2025•Stately Bio, AIX Ventures, Dimension, Foothill Ventures and 5 others
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Saronic Raises $600M Series C to Take on Autonomous Shipbuildingintelligence360•Mar 03, 2025•Saronic, General Catalyst, Caffeinated Capital, Andreessen Horowitz and 1 other
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Saronic Raises $600M Series C to Take on Autonomous ShipbuildingPR Newswire•Feb 19, 2025•Saronic, General Catalyst, Andreessen Horowitz, Caffeinated Capital and 4 others
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Gravity Announces $13m In Series A Funding To Automate Reporting And Accelerate Energy Optimizationintelligence360•Feb 10, 2025•Gravity, Wright Express, Buoyant Ventures, Communitas Capital and 4 others
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Onebrief Raises Total of $103M to Transform Military Staffsintelligence360•Feb 05, 2025•Onebrief, 9yards Capital, Caffeinated Capital, General Catalyst
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Gravity secures $13 million in Series A fundingSherpa•Jan 31, 2025•Gravity, Ansa, Caffeinated Capital, Communitas Capital and 3 others
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Onebrief Raises Total of $103M to Transform Military StaffsBusiness Wire•Jan 28, 2025•Onebrief, General Catalyst, Insight Partners, Caffeinated Capital and 1 other
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Raymond Tonsing’s Caffeinated Capital seeks $400M for fifth fundTechCrunch+•Jan 23, 2025•Caffeinated Capital
