About Caffeinated
Caffeinated is a venture capital firm founded in 2008. It is primarily based out of San Francisco, United States. As of Sep 2026, Caffeinated is an active investor, having invested in 19 companies, with 10 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Transportation and Logistics Tech. Most recently it participated in the $***** Series A round of Astrus Overall, Caffeinated portfolio has seen 3 unicorns, namely Hadrian, Twenty and Amca. A lot of funds co-invest with Caffeinated, with names like DCVC sharing a substantial percentage of its portfolio. Caffeinated has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio Soonicorns
Deals in last 12 months
Caffeinated's List of Top Investments
Caffeinated has a portfolio of 19 companies, including 3 unicorns. Their most notable investments are in Amca and Seneca.Their portfolio spans across United States, Canada and Iceland. They have invested in Enterprise Applications, High Tech, Transportation and Logistics Tech and 17 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by Caffeinated:1. Capchase
Provider of an online revenue-based financing platform for SaaS businesses. It offers to finance for recurring revenue tech-based companies. The user must sync the financial data from banks, accounting software, and subscriptions, and the financing amount is calculated based on it. It also offers blogs, runway calculators, and more.
Key facts about Capchase
- Founded Year: 2020
- Location: Cambridge (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $521M
- Employee Count: 101 as on Sep 30, 2026
- Investors: Invesco, QED Investors and 19 Others
- Latest Funding Round: Series C, May 27, 2026, $*****
- Highlight: Editors' Pick
2. Saronic
Developer of autonomous surface vessels for naval and maritime forces. These vessels enhance awareness, extend reach, and improve survivability in diverse operational environments. The autonomous surface vessels navigate using adaptive path planning and identify targets with advanced algorithms. They leverage resilient communications to enable manned and unmanned teaming. The vessels deliver user-defined effects with payload integrations and adapt to mission-specific requirements.
Key facts about Saronic
- Founded Year: 2022
- Location: Austin (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $2.58B
- Employee Count: 1,362 as on Sep 30, 2026
- Investors: Glade Brook Capital, DFJ Growth and 32 Others
- Latest Funding Round: Series D, Mar 27, 2026, $*****
- Highlight: Editors' Pick
3. Hadrian
Manufacturer of precision components and automated factory systems. This business provides manufacturing and inspection services through an integrated platform that automates production processes. It operates facilities that utilize advanced software to interpret designs and manage manufacturing workflows, supporting the production of parts from prototype to full-scale output. The company also deploys dedicated manufacturing cells and manages factory operations to address production requirements.
Key facts about Hadrian
- Founded Year: 2021
- Location: Torrance (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $1.99B
- Employee Count: 631 as on Sep 30, 2026
- Investors: T. Rowe Price, Baillie Gifford and 43 Others
- Latest Funding Round: Conventional Debt, Aug 14, 2026, $*****
- Highlight: Editors' Pick
4. REGENT Craft
Developer of wing-in-ground technology-based electric sea gliders. Its passenger vehicles are a hybrid between an aircraft and a hydrofoil and use wing-in-ground-effect technology to travel at an altitude of a few metres above the surface of the water. It includes electric propulsion and long-distance travel.
Key facts about REGENT Craft
- Founded Year: 2020
- Location: North Kingstown (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $340M
- Employee Count: 288 as on Sep 30, 2026
- Investors: Toba Capital, Graph Ventures and 42 Others
- Latest Funding Round: Series B, Aug 27, 2026, $*****
- Highlight: Editors' Pick
Antares Industries is a company focused on providing abundant energy from Earth to the Asteroid Belt. They are building micro-sized nuclear reactors to power remote off-grid locations.
Key facts about Antares Industries
- Founded Year: 2023
- Location: Los Angeles (United States)
- Stage: Series C
- Total Funding till date: $479M
- Employee Count: 154 as on Sep 30, 2026
- Investors: Susa Ventures, Atacama Ventures and 17 Others
- Latest Funding Round: Conventional Debt, Jul 27, 2026, $*****
- Highlight: Editors' Pick
Caffeinated's Year-on-Year Investment Trends
Caffeinated has invested in 19 companies over the last 9 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 9 investments, while as of Sep 2026, it has made 12 investments in this year. Its most recent first time investment was in Astrus and most recent follow-on round was in Antares Industries.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 8 | 4 | 12 |
2025 | 9 | 0 | 9 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
Caffeinated's Investments by Stage
Caffeinated has made 7 investments in Series A stage with an average round size of $31.1M, 4 investments in Seed stage with an average round size of $7.75M and 4 investments in Series B stage with an average round size of $112M.Stage of entry | No. of Investments |
|---|---|
Series A | 7 |
Seed | 4 |
Series B | 4 |
Series D | 2 |
Series C | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Caffeinated's Investments by Sector
Caffeinated has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Industrial Goods and Manufacturing and Aerospace, Maritime and Defense Tech. Notably, it has invested in 16 Tech companies, 13 Enterprise (B2B) companies, 10 Software companies and at least 5 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
FinTech | 3 |
High Tech | 3 |
Industrial Goods and Manufacturing | 3 |
Aerospace, Maritime and Defense Tech | 2 |
Others | 19 |
Note: We have considered here, only first round of investments
Caffeinated's Investments by Geography
Caffeinated has made most investments in United States (15), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 15 |
Canada | 1 |
Iceland | 1 |
Note: We have considered here, only first round of investments
Caffeinated's recent investments
Caffeinated has made 12 investments in 2026 so far. Astrus and Luzernrisk are the latest among them.Here are the most recent investments by Caffeinated:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 22, 2026 | Canada | Series A | 4545 | [+3] | |
Sep 04, 2026 | - | Series B | 6006 | [+1] | |
Aug 27, 2026 | United States | Series B | 4881 | [+7] | |
Jul 17, 2026 | United States | Series A | 1853 | ||
Jul 08, 2026 | United States | Series C | 2450 | [+3] |
Unicorns in Caffeinated's Portfolio
Caffeinated has 3 unicorns in its portfolio - Twenty, Amca and Hadrian. The most recent unicorn in their portfolio is Twenty. It became a unicorn in 2026.Here is a list of unicorns in Caffeinated'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 | adasjbm | ||
56 | Provider of aerospace and defense products, scaling to meet industry needs | 2024 | El Segundo | Series B | ctteyin | ||
67 | Manufacturer of precision components and automated factory systems | 2021 | Torrance | Series D | yliptmy |
Team profile of Caffeinated
Caffeinated has a team of 4 members including 2 Partners and 2 Principals located in United States. Caffeinated's team does not sit on the board of any company as of now.Here is a list of all team members in Caffeinated:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | - | |
Partner | New York City | - | ||
Principal | San Francisco | - | - | |
Principal | San Francisco | - |
Co-investors of Caffeinated
Over the past 9 years, 203 investors have co-invested in Caffeinated's portfolio companies. This includes funds and angels.
- Invested before Caffeinated: Caffeinated Capital, Y Combinator and 89 others have invested in rounds before Caffeinated. There are 8 companies where Caffeinated Capital has invested before Caffeinated and 3 companies where Y Combinator has invested before Caffeinated.
- Top Co-investors of Caffeinated: 77 investors entered a company along with Caffeinated. These include investors like DCVC (2 companies).
- Invested after Caffeinated: A total of 35 investors have invested in Caffeinated's portfolio after their investments. Top Investors include Point72 Ventures (2 companies), Altimeter Capital (1 company) and 1789 Capital (1 company).
Recent News related to Caffeinated
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Luzern Risk Raises $45M in Series B FundingFinSMEs•Sep 17, 2026•Insight Partners, Caffeinated, Luzernrisk, Trust Ventures
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Antares Nuclear Raises $470 Million for Military Base ReactorsCryptocurrency•Jul 27, 2026•Caffeinated, Antares Industries, Paradigm
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AI Startup Sea12 Secures US$25 Million Funding for Industrial Automation SolutionsNZ Herald•Jun 19, 2026•Caffeinated, Sea12
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Twenty Raises $100 Million Series B Funding Round at $1 Billion ValuationPR Newswire•Jun 17, 2026•Accel, Twenty, Twenty, Caffeinated and 2 others
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Capchase Raises $200M+ to Expand Financing PlatformVentureburn•May 27, 2026•Invesco, Caffeinated, 01 Advisors, Capchase and 2 others
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Amca Secures $300M Series B Funding at Over $1B Valuation to Bolster US Critical Component Supply ChainPR Newswire•May 20, 2026•Amca, Caffeinated, Lightspeed Venture Partners, Andreessen Horowitz
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Saronic Closes $1.75B Series D FundingMarinelink•Mar 31, 2026•Saronic, Kleiner Perkins, Caffeinated, Franklin Templeton Investments and 9 others
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Neion Bio Emerges from Stealth; Raised USD11M To DateFinSMEs•Mar 27, 2026•Caffeinated, Neion Bio, Haystack, Basis Set Ventures
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Matia Raises $21M to Consolidate Enterprise Data Management OperationsSiliconAngle•Feb 10, 2026•Matia, Red Dot Capital Partners, Caffeinated, Secret Chord Ventures and 4 others
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Twenty Raises $38M to Transform Cyber Warfare at Industrial Scalehttps://www.intelligence360.news/•Dec 23, 2025•Caffeinated, Twenty, In-Q-Tel, General Catalyst
