About Watershed
Watershed is a venture capital firm As of Dec 2025, Watershed is an active investor, having invested in 4 companies, with 3 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from FinTech to Retail and Enterprise Applications. Most recently it participated in the $***** Series B round of Sokin A lot of funds co-invest with Watershed, with names like Thomvest Ventures sharing a substantial percentage of its portfolio.Watershed's List of All Investments
Watershed has a portfolio of 4 companies. Their most notable investmentis in SokinTheir portfolio spans across United States and United Kingdom. They have invested in FinTech, Retail, Enterprise Applications and 2 other sectors, across stages such as Series B, Seed stages. Here is the list of all investments by Watershed:
1. Baselane
Personal finance management software for landlords. It offers solutions for managing banking services, rent collections, expense management, cash flow analytics, and more. It provides a dashboard to monitor properties & leases, cash flows, bank accounts & credit card integrations; scheduling property tags; smart categorization; automated invoicing for rent collection, and more.
Key facts about Baselane
- Founded Year: 2013
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $34.4M
- Employee Count: 76 as on Jul 31, 2026
- Investors: Conversion Capital, Deep Lake Capital and 11 Others
- Latest Funding Round: Series B, Oct 02, 2025, $*****
- Highlight: Editors' Pick
2. Sokin
App-based payment cards for Forex. It offers an NFC-enabled prepaid card that enables users to exchange multiple currencies and perform global payments. It features IBAN accounts, virtual wallets, and more. The application is available on Android and iOS platforms. The application is available on Android and iOS platforms.
Key facts about Sokin
- Founded Year: 2019
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $81M
- Employee Count: 276 as on Jul 31, 2026
- Investors: Deep Lake Capital, BlackRock and 11 Others
- Latest Funding Round: Conventional Debt, Jan 28, 2026, $*****
3. PenguinAI
AI based platform offering solutions for administrative workflow. It provides solutions to streamline administrative workflows, enabling patient management, and overall operational. It provides tools and infrsatructure for healthcare entities to use refine and deploy LLMs.
Key facts about PenguinAI
- Founded Year: 2024
- Location: Palo Alto (United States)
- Stage: Series B
- Total Funding till date: $29.7M
- Investors: UPMC, Canvas Ventures and 12 Others
- Latest Funding Round: Series B, Sep 11, 2025, $*****
- Highlight: Editors' Pick
4. Quilthealth
Provider of a platform connecting patients with complex conditions to treatment and clinical trials. It integrates data and AI to provide patient insights and enhance patient-clinician communication through engagement tools. The platform aims to improve access to advanced treatments, initially focusing on sickle cell disease, with plans to expand to other complex conditions. It facilitates connections between patients, their care teams, providers, and clinical trial opportunities.
Key facts about Quilthealth
- Founded Year: 2019
- Location: United States
- Stage: Seed
- Total Funding till date: $8M
- Investors: MaC Venture Capital, Underscore VC and 5 Others
- Latest Funding Round: Seed, Jun 17, 2025, $*****
Watershed's Year-on-Year Investment Trends
In 2025, it made 4 investments. Its most recent first time investment was in Sokin.Watershed's Investments by Stage
Watershed has made 3 investments in Series B stage with an average round size of $33.2M and 1 investment in Seed stage with an average round size of $6M.Stage of entry | No. of Investments |
|---|---|
Series B | 3 |
Seed | 1 |
Note: We have considered here, only first round of investments
Watershed's Investments by Sector
Watershed has a diverse portfolio, with companies operating in the FinTech, Artificial Intelligence - Industry Applications, Enterprise Applications, HealthTech and Healthcare. Notably, it has invested in 3 Enterprise (B2B) companies, 3 Tech companies, 2 Consumer (B2C) companies and at least 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
FinTech | 2 |
Artificial Intelligence - Industry Applications | 1 |
Enterprise Applications | 1 |
HealthTech | 1 |
Healthcare | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Watershed's Investments by Geography
Watershed has made most investments in United States (3), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 3 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Watershed's recent investments
Watershed has not made any investment in 2026 so far.Here are the most recent investments by Watershed:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 01, 2025 | United Kingdom | Series B | 4581 | [+6] | |
Oct 02, 2025 | United States | Series B | 5957 | [+6] | |
Sep 11, 2025 | United States | Series B | 7122 | [+12] | |
Jun 17, 2025 | United States | Seed | 5767 | [+4] |
Co-investors of Watershed
Over the past year, 34 investors have co-invested in Watershed's portfolio companies. This includes funds and angels.
- Invested before Watershed: Matrix, Morgan Stanley and 3 others have invested in rounds before Watershed. There is 1 company where Matrix has invested before Watershed and 1 company where Morgan Stanley has invested before Watershed.
- Top Co-investors of Watershed: 28 investors entered a company along with Watershed. These include investors like Thomvest Ventures (1 company).
- Invested after Watershed: Oxford Finance (1 company) is the only investor which has invested in Watershed's portfolio after their investments.
Recent News related to Watershed
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Sokin Secures $50M Series B to Expand Global Payments Platform; Valuation Reaches $300MFinancial IT•Dec 01, 2025•Sokin, Prysm Capital, Morgan Stanley, Watershed and 6 others
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Penguin Ai Secures $29.7M in Venture FundingFinSMEs•Sep 11, 2025•PenguinAI, UPMC, Overwater Ventures, California Health Care Foundation and 12 others
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Quilt Health Secures $6M to Enhance Clinical Trial Access for Complex DiseasesHIT Consultant•Jun 17, 2025•Quilthealth, MaC Venture Capital, Underscore VC, Meridian Street Capital and 3 others
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