Caffeinated Capital

Venture Capital

Caffeinated Capital is a San Francisco-based venture capital firm founded by Raymond Tonsing, one of the first solo GPs, investing from seed through growth in fintech, enterprise software, digital health, and climate sectors.

San Francisco, United States · 94+ investments · 85 portfolio companies

Seed
Early Stage
Growth
Defense Tech
Healthcare
Crypto & Web3
Fintech
Climate Tech
Headquarters
San Francisco, United States
Founded
2009
AUM
$400.0M
Portfolio Companies
85
Total Investments
94
Last Investment
Jul 2026
Geographic Focus
North America

Investment Thesis

Partners with founders pursuing category-defining companies as a lifetime investor. Rejects hype cycles, offering founders long-term thinking, taking early-stage risk alongside them from seed through growth.

Caffeinated Capital is a Venture Capital firm based in San Francisco, United States. It has made 94 investments in Defense Tech and Healthcare, including Cheez, SingleStore and Prenuvo.

Portfolio85

Co-investors24

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24 co-investors across 184 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×18 · Hedge Fund ×3 · Angel Group ×1 · 89 shared rounds

Investment History

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