About Caffeinated Capital
Caffeinated Capital is a venture capital firm founded in 2009. It is primarily based out of San Francisco, United States. As of Feb 2026, Caffeinated Capital has invested in 228 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Series A round of Matia Overall, Caffeinated Capital portfolio has seen 25 unicorns, 5 IPOs and 33 acquisitions including key companies like Affirm, Brex and Opendoor. A lot of funds co-invest with Caffeinated Capital, with names like SciFi sharing a substantial percentage of its portfolio. Caffeinated Capital has team of 4 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 5 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Caffeinated Capital's List of Top Investments
Caffeinated Capital has a portfolio of 228 companies, including 25 unicorns. Their most notable investments are in InCountry and InCountry.Their portfolio spans across United States, United Kingdom, Canada and 17 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 33 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by Caffeinated Capital:1. Affirm
Provider of point of sale financing solutions for consumers and merchants. It facilitates payment plans with transparent terms and no hidden fees. The company provides options for consumers to pay over time at various retailers. It offers a mobile application and browser extension to manage payments.
Key facts about Affirm
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Jun 30, 2025
- Stage: Public
- Total Funding till date: $1.22B
- Employee Count: 3,104 as on May 31, 2026
- Investors: HTIF, Sprout Capital Partners and 44 Others
- Latest Funding Round: Series G, Sep 17, 2020, $*****
- Highlight: Public
2. Brex
Provider of financial software platform, cards, banking, expense, and accounting. The platform offers tools for corporate cards, expense management, travel, bill pay, banking, and treasury services. It provides solutions for startups, mid-size companies, and enterprises. The platform includes features for spend control, expense automation, vendor payments, and accounting automation.
Key facts about Brex
3. Opendoor
Provider of an app-based reseller of residential properties. The platform enables property sellers to information about the property, schedule video assessments, and receive offers based on comparative market analysis. Provides home inspection and mortgage solutions. Their app is available on Android and iOS devices.
Key facts about Opendoor
- Founded Year: 2014
- Location: Tempe (United States)
- Stage: Public
- Total Funding till date: $1.35B
- Employee Count: 1,414 as on May 31, 2026
- Investors: Access Industries, Vibhu Venture Partners and 75 Others
- Latest Funding Round: Post IPO, Aug 18, 2021, $*****
- Highlight: Public
4. Cult.fit
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts. It offers various membership tiers providing access to different combinations of in-person and virtual fitness options. These options include group fitness classes led by trainers, access to gyms with varying levels of equipment and amenities, and live at-home workout sessions. Memberships also incorporate access to sports activities such as badminton and swimming. The company also provides coaching programs focused on weight loss and wellness resources. The offerings aim to create a holistic fitness experience.
Key facts about Cult.fit
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $714M
- Employee Count: 1,832 as on Apr 30, 2025
- Investors: Accel, Temasek and 99 Others
- Latest Funding Round: Series G, Mar 17, 2026, $*****
- Highlight: Editors' Pick
5. Mercury
Provider of a comprehensive online platform offering a range of financial services. The company provides integrated banking services for businesses, offering a platform to manage financial operations.
Key facts about Mercury
- Founded Year: 2017
- Location: San Francisco (United States)
- Annual Revenue: $1M - $10M as on Dec 31, 2021
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $546M
- Employee Count: 1,582 as on Apr 30, 2026
- Investors: TCV, Harmony Venture Partners and 76 Others
- Latest Funding Round: Series D, May 08, 2026, $*****
- Highlight: Editors' Pick
Caffeinated Capital's Year-on-Year Investment Trends
Caffeinated Capital has invested in 228 companies over the last 13 years, with an average of 8 new investments annually in the last 10 years. In 2025, it made 9 investments, while as of Feb 2026, it has made 1 investment in this year. Its most recent first time investment was in Stately Bio and most recent follow-on round was in Matia.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 4 | 5 | 9 |
2024 | 9 | 7 | 16 |
2023 | 14 | 3 | 17 |
2022 | 22 | 5 | 27 |
2021 | 15 | 9 | 24 |
2020 | 7 | 6 | 13 |
2019 | 3 | 5 | 8 |
2018 | 6 | 5 | 11 |
2017 | 4 | 2 | 6 |
Caffeinated Capital's Investments by Stage
Caffeinated Capital has made 55 investments in Seed stage with an average round size of $4.87M, 25 investments in Series A stage with an average round size of $21.7M and 8 investments in Series B stage with an average round size of $42.1M.Stage of entry | No. of Investments |
|---|---|
Seed | 55 |
Series A | 25 |
Series B | 8 |
Series C | 2 |
Series D | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
Caffeinated Capital's Investments by Sector
Caffeinated Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Life Sciences and Consumer. Notably, it has invested in 196 Tech companies, 149 Enterprise (B2B) companies, 125 Software companies and at least 68 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 55 |
FinTech | 21 |
High Tech | 18 |
Life Sciences | 13 |
Consumer | 12 |
Others | 99 |
Note: We have considered here, only first round of investments
Caffeinated Capital's Investments by Geography
Caffeinated Capital has made most investments in United States (83), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 83 |
United Kingdom | 2 |
Brazil | 1 |
Canada | 1 |
Colombia | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Caffeinated Capital's recent investments
Caffeinated Capital has made 1 investments in 2026 so far - Matia.Here are the most recent investments by Caffeinated Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 10, 2026 | United States | Series A | 7251 | ||
Sep 22, 2025 | United States | Series B | 1241 | [+1] | |
Sep 09, 2025 | United States | Series E | 9138 | [+4] | |
Jul 10, 2025 | United States | Series C | 3868 | [+6] | |
May 01, 2025 | United States | Seed | 2176 | [+9] |
Unicorns in Caffeinated Capital's Portfolio
Caffeinated Capital has 25 unicorns in its portfolio - Star Cloud, Hadrian, Varda Space Industries and others. The most recent unicorn in their portfolio is Star Cloud. It became a unicorn in 2026, 2 years after Caffeinated Capital first invested in it.Here is a list of unicorns in Caffeinated Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Provider of data center solutions for space | 2024 | Redmond | Series A | qeijjof | ||
65 | Builder of AI‑driven autonomous factories that manufacture precision components | 2021 | Los Angeles | Series C | kvxpood | ||
66 | In-orbit material testing and manufacturing | 2020 | El Segundo | Series C | vbpztkb | ||
67 | Platform offering low code based ML powered application development software | 2019 | San Francisco | Series F | tit{rlp | ||
59 | Cloud-based mind mapping solutions for enterprises and the military | 2018 | Austin | Series D | ppxpqsg |
IPOs and Publicly Listed companies in Caffeinated Capital's Portfolio
5 of Caffeinated Capital's portfolio companies have become public. BioAge Labs got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2024 at marketcap of $615M and Bitwise got listed on the American Stock Exchange (NYSEAMERICAN).Here are Caffeinated Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 26, 2024 | Jul 28, 2017 | Series A | 7655 | |
Jan 11, 2024 | - | - | 7198 | |
Jan 13, 2021 | Dec 11, 2017 | Series E | 4203 | |
Dec 21, 2020 | Apr 16, 2015 | Series B | 5698 | |
Dec 12, 1980 | - | - | 5568 |
Acquired companies in Caffeinated Capital's Portfolio
33 companies from Caffeinated Capital's portfolio have been acquired. The most recent acquisition was Tachyus in Jun 2026 by SLB for $*****.Here are Caffeinated Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 01, 2026 | Dec 01, 2014 | Series A | 8864 | |
May 21, 2026 | Jul 22, 2021 | Series A | 2482 | |
Mar 20, 2026 | Apr 18, 2023 | Seed | 4412 | |
Mar 10, 2026 | Nov 30, 2022 | Series B | 9995 | |
Jan 22, 2026 | - | - | 6036 |
Team profile of Caffeinated Capital
Caffeinated Capital has a team of 4 members including 3 Partners and 1 Principal located in United States. Caffeinated Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Caffeinated Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | New York City | - | ||
Partner | New York City | - | - | |
Principal | San Francisco | - | - |
Co-investors of Caffeinated Capital
Over the past 13 years, 899 investors have co-invested in Caffeinated Capital's portfolio companies. This includes funds and angels.
- Invested before Caffeinated Capital: Y Combinator, Khosla Ventures and 128 others have invested in rounds before Caffeinated Capital. There are 15 companies where Y Combinator has invested before Caffeinated Capital and 5 companies where Khosla Ventures has invested before Caffeinated Capital.
- Top Co-investors of Caffeinated Capital: 443 investors entered a company along with Caffeinated Capital. These include investors like SciFi (10 companies).
- Invested after Caffeinated Capital: A total of 326 investors have invested in Caffeinated Capital's portfolio after their investments. Top Investors include Caffeinated (6 companies), Battery Ventures (4 companies) and Andreessen Horowitz (4 companies).
Recent News related to Caffeinated Capital
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Twenty Raises $100M in Series B Funding, at $1 Billion ValuationFinSMEs•Jun 17, 2026•In-Q-Tel, General Catalyst, Caffeinated Capital, Waypoint and 7 others
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Stately Bio Raises $12M in Seed FundingFinSMEs•May 01, 2025•Stately Bio, AIX Ventures, Dimension, Foothill Ventures and 5 others
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Saronic Raises $600M Series C to Take on Autonomous Shipbuildingintelligence360•Mar 03, 2025•Saronic, General Catalyst, Caffeinated Capital, Andreessen Horowitz and 1 other
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Saronic Raises $600M Series C to Take on Autonomous ShipbuildingPR Newswire•Feb 19, 2025•Saronic, General Catalyst, Andreessen Horowitz, Caffeinated Capital and 4 others
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Gravity Announces $13m In Series A Funding To Automate Reporting And Accelerate Energy Optimizationintelligence360•Feb 10, 2025•Gravity, Wright Express, Buoyant Ventures, Communitas Capital and 4 others
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Onebrief Raises Total of $103M to Transform Military Staffsintelligence360•Feb 05, 2025•Onebrief, 9yards Capital, Caffeinated Capital, General Catalyst
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Gravity secures $13 million in Series A fundingSherpa•Jan 31, 2025•Gravity, Ansa, Caffeinated Capital, Communitas Capital and 3 others
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Onebrief Raises Total of $103M to Transform Military StaffsBusiness Wire•Jan 28, 2025•Onebrief, General Catalyst, Insight Partners, Caffeinated Capital and 1 other
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Raymond Tonsing’s Caffeinated Capital seeks $400M for fifth fundTechCrunch+•Jan 23, 2025•Caffeinated Capital
