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 · 85+ investments · 42 portfolio companies
Seed
Early Stage
Growth
Defense Tech
Healthcare
Crypto & Web3
Fintech
Climate Tech
- Headquarters
- San Francisco, United States
- Founded
- 2009
- Website
- caffeinated.com
- AUM
- $400.0M
- Portfolio Companies
- 42
- Total Investments
- 85
- Last Investment
- May 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 85 investments in Defense Tech and Healthcare, including Prenuvo, Seneca and Boom Supersonic.
Portfolio42

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Investment History
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