Verified profile

Caffeinated Capital

Seed to Series F venture capital firm · San Francisco

Caffeinated Capital is a Seed to Series F venture capital firm based in San Francisco that typically writes $500K–$5M checks in Software, Deep Tech and Space. DryPowder has no SEC Form D on file for Caffeinated Capital as of October 16, 2026. Partners at Caffeinated Capital include Nick Marwell (Caffeinated Scout Fund Manager / Head of Computer Use at Anthropic) and Raymond Tonsing (Partner).

Updated · Sources: fund website

Typical check
$500K–$5M
Stages
Seed–Series F
Headquarters
San Francisco

Overview

Caffeinated Capital at a glance

Stage
Seed, Series A, Series B, Series C, Series D, Series E, Series F
Check size
$500K–$5M
Sectors
Software, Deep Tech, Space, Energy, Autonomous Systems, Healthcare, Fintech, Enterprise, Insurance Tech, Logistics, Manufacturing, AI
Headquarters
San Francisco
Cold inbound
Warm intro preferred

Investment thesis

Caffeinated offers founders pursuing their life's work an alternative to the hype cycle through long-term thinking, supporting category-defining companies across all sectors that will last for lifetimes.

Stated on caffeinatedcapital.comWEBSITE

What sets Caffeinated Capital apart

  • Multi-stage deployment model (seed through Series F+)
  • Founder-led positioning with prominent portfolio founder testimonials
  • Deep tech and infrastructure focus alongside enterprise SaaS
  • Long-term hold mentality with multiple billion-dollar exits (Affirm IPO, Airtable trajectory)

Recent investments

DryPowder has tracked these recent investments from Caffeinated Capital: Human Intelligence and Aven.

What the portfolio shows

Get Starter to see what the portfolio reveals

Portfolio 13

Backed: Airtable, Antares Industries, Varda Space Industries + 10 more

Get Starter for the full portfolio

Partners

2 partners at Caffeinated Capital

  • Nick Marwell

    Caffeinated Scout Fund Manager / Head of Computer Use at Anthropic · AI

    ••••••@caffeinatedcapital.comSee plansor sign in
  • Raymond Tonsing

    Partner

    ••••••@caffeinatedcapital.comSee plansor sign in

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FAQ

Questions about Caffeinated Capital

What does Caffeinated Capital invest in?

Caffeinated Capital is a Seed, Series A, Series B, Series C, Series D, Series E, Series F stage Software, Deep tech, Space, Energy, Autonomous systems, Healthcare, Fintech, Enterprise, Insurance tech, Logistics, Manufacturing, AI investor, typically writing $500K – $5M checks, primarily investing in US. Their thesis: Caffeinated offers founders pursuing their life's work an alternative to the hype cycle through long-term thinking, supporting category-defining companies across all sectors that will last for lifetimes.

What check size does Caffeinated Capital write?

Caffeinated Capital typically writes $500K – $5M checks at the Seed, Series A, Series B, Series C, Series D, Series E, Series F stage in Software, Deep tech, Space, Energy, Autonomous systems, Healthcare, Fintech, Enterprise, Insurance tech, Logistics, Manufacturing, AI.

What makes Caffeinated Capital different from other funds?

Caffeinated Capital stands out on 4 points: Multi-stage deployment model (seed through Series F+); Founder-led positioning with prominent portfolio founder testimonials; Deep tech and infrastructure focus alongside enterprise SaaS; Long-term hold mentality with multiple billion-dollar exits (Affirm IPO, Airtable trajectory).

What has Caffeinated Capital invested in recently?

Recent investments DryPowder has tracked from Caffeinated Capital include Human Intelligence, Aven.

What other funds are similar to Caffeinated Capital?

Funds with an overlapping stage and sector focus include Mercury Fund, Aspira Capital Management, Initialized Capital.

How do I reach Caffeinated Capital?

Caffeinated Capital does not generally take cold inbound; a warm introduction from a founder or investor the firm knows is the usual path.