Caffeinated Capital

Venture capital firm
San Francisco, California, USAFounded 2008www.caffeinated.comSee connections →

Seed and Series A venture capital firm investing across fintech, aerospace, healthcare, software, and autonomous vehicles, based in San Francisco and New York.

Ranked on: #44 Top VC Firms in the Bay Area 2026 (Ranked by Deals) · #70 Most Active Growth Investors of 2026 (Ranked) · #102 Most Active Series B Investors of 2026 (Ranked) · Get your badge →

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At a glance

Caffeinated Capital appears in 3 funding rounds tracked by ValueAddVC since 2025, leading 1. Its most recent tracked deal was Luzern Risk's $45M Series B round (Sep 17, 2026). ValueAddVC also tracks 14 funds managed by Caffeinated Capital.

Strategy

Stages
SeedSeries A
Sectors
FintechAerospaceHealthcareSoftwareAutonomous VehiclesInsurance
Geographies
San Francisco, California, USA

Recent changes

  1. Sep 17, 2026Invested in Luzern Risk (Series B, $45M) The Insurer
  2. Sep 5, 2026Stages updated: Seed, Series A caffeinated.com
  3. Sep 5, 2026Sectors updated: Fintech, Aerospace, Healthcare, Software, Autonomous Vehicles, Insurance caffeinated.com
  4. Jul 27, 2026Invested in Antares (Series C, $370M) TechCrunch
  5. Jan 26, 2026New fund: Caffeinated Capital Growth Fund I (target $500M) SEC EDGAR Form D
Earlier changes (14)
  1. Jan 26, 2026New fund: Caffeinated Capital Seed Fund VI (target $250M) SEC EDGAR Form D
  2. Feb 19, 2025Invested in Saronic (Series C, $600M) TechCrunch
  3. Jan 22, 2025New fund: Caffeinated Capital Fund V (target $400M) TechCrunch
  4. Jan 26, 2024New fund: Caffeinated Capital Venture Fund V (target $400M) SEC EDGAR Form D
  5. Nov 29, 2022New fund: Caffeinated Capital Seed Fund V (target $200M) SEC EDGAR Form D
  6. Dec 10, 2021New fund: Caffeinated Capital Venture Fund IV (target $400M) SEC EDGAR Form D
  7. Dec 9, 2021New fund: Caffeinated Capital Opportunity Fund IV (target $400M) SEC EDGAR Form D
  8. Feb 11, 2021New fund: Caffeinated Capital Opportunity Fund III (target $450M) SEC EDGAR Form D
  9. Feb 11, 2021New fund: Caffeinated Capital Fund IV (target $150M) SEC EDGAR Form D
  10. May 29, 2018New fund: Caffeinated Capital Opportunity Fund II (target $150M) SEC EDGAR Form D
  11. May 29, 2018New fund: Caffeinated Capital Fund III (target $75M) SEC EDGAR Form D
  12. Apr 5, 2016New fund: Caffeinated Capital Opportunity Fund I (target $75M) SEC EDGAR Form D
  13. Jan 1, 2016New fund: Caffeinated Capital Fund I ($17M) Value Add VC funds tracker
  14. Feb 12, 2015New fund: Caffeinated Capital Fund II (target $50M) SEC EDGAR Form D

Funds

14
FundVintageSizeStrategySource
Caffeinated Capital Growth Fund I2026target $500MGrowth
As of Feb 4, 2026SEC EDGAR Form D
Caffeinated Capital Seed Fund VI2026target $250MSeed
As of Feb 4, 2026SEC EDGAR Form D
Caffeinated Capital Fund V2025target $400MOther
As of Jan 22, 2025TechCrunch
Caffeinated Capital Venture Fund V2024target $400MVenture
As of Jan 22, 2025SEC EDGAR Form D
Caffeinated Capital Seed Fund V2022target $200MSeed
As of Nov 29, 2022SEC EDGAR Form D
Show 9 earlier funds
FundVintageSizeStrategySource
Caffeinated Capital Venture Fund IV2021target $400MVenture
As of Feb 1, 2023SEC EDGAR Form D
Caffeinated Capital Opportunity Fund IV2021target $400MOpportunity
As of Dec 9, 2021SEC EDGAR Form D
Caffeinated Capital Fund IV2021target $150MFlagship
As of Feb 11, 2021SEC EDGAR Form D
Caffeinated Capital Opportunity Fund III2021target $450MOpportunity
As of Feb 11, 2021SEC EDGAR Form D
Caffeinated Capital Fund III2018target $75MFlagship
As of May 29, 2018SEC EDGAR Form D
Caffeinated Capital Opportunity Fund II2018target $150MOpportunity
As of Dec 11, 2019SEC EDGAR Form D
Caffeinated Capital Opportunity Fund I2016target $75MOpportunity
As of Nov 21, 2017SEC EDGAR Form D
Caffeinated Capital Fund I2016$17MFlagship
As of 2016Value Add VC funds tracker
Caffeinated Capital Fund II2015target $50MFlagship
As of Feb 12, 2015SEC EDGAR Form D

Portfolio

4 total
Luzern RiskAntaresTwentySaronic

Recent Investment Activity

3

Track record: led 1 and participated in 2 of 3 tracked venture rounds · 2 in the last 12 months · led 1 Series C

DateCompanyEventRoleAmountValuationInvestorsSource
Sep 17, 2026Luzern RiskSeries BParticipated$45M—
Insight PartnersLeadunverifiedTrust VenturesunverifiedCaffeinated Capitalunverified
The Insurer
Jul 27, 2026AntaresSeries CLed$370M—
ParadigmLeadCaffeinated CapitalLeadPoint72 VenturesShine CapitalIndustrious Venturesunverified
Pulse story
Feb 19, 2025SaronicSeries CParticipated$600M$4B
Elad GilLeadGeneral CatalystAndreessen Horowitz8VCCaffeinated Capital
TechCrunch

Sector / Stage Activity

By sector (portfolio)
Defense
2 · 50%
Nuclear
1 · 25%
Insurtech
1 · 25%
By stage (tracked rounds)
Series C
2 · 67%
Series B
1 · 33%

Co-Investors

12
Point72 Ventures · 2 shared8VC · 1 sharedAccel · 1 sharedAdvent International · 1 sharedAndreessen Horowitz · 1 sharedBessemer Venture Partners · 1 sharedElad Gil · 1 sharedFranklin Templeton · 1 sharedFriends & Family Capital · 1 sharedIndustrious Ventures · 1 sharedShine Capital · 1 sharedShrug Capital · 1 shared

Similar Firms

overlapping sector, stage or region
Sands CapitalViola VenturesTusk VenturesTown Hall VenturesMax Ventures (former Basset)RTP Ventures

Value Add Research

Latest Pulse

  1. Insight Partners Leads $45M Round For AI Captive InsurerLuzern Risk, an AI-native captive insurance manager formerly known as XN Captive, raised a $45 million Series B led by Insight Partners to speed up how quickly custom captive insurance programs can be launched and run.→
  2. Antares Raises $470M For Military Nuclear MicroreactorsAntares raised a $470 million Series C -- $370 million equity plus $100 million debt -- co-led by Paradigm and Caffeinated Capital, after achieving initial criticality on its Mark-0 compact nuclear reactor under a DOE pilot program.→
  3. Antares Raises $470M for Military MicroreactorsNuclear startup Antares raised a $470 million Series C to build small modular reactors for US military bases, part of a Pentagon program racing to bring domestic reactors online by 2028 under a Trump executive order.→
  4. Antares Nuclear Raises $470M For Military MicroreactorsAntares Nuclear raised a $470 million Series C led by Paradigm and Caffeinated Capital to deploy small nuclear microreactors that can power US military bases independent of the civilian grid by 2028.→
  5. Twenty Raises $100M at $1B -- America's First VC-Backed Cyber Warfare StartupTwenty Technologies, an Arlington-based startup building automated offensive cyber operations for the U.S. military and intelligence community, raised a $100 million Series B at a $1 billion valuation led by Accel, with Point72 Ventures, Caffeinated Capital, and Friends & Family Capital participating. The round, which brings total funding to $138 million, mints a defense-tech unicorn in a category most VCs avoided a few years ago.→
  6. Cyber-Warfare Startup Twenty Raises $100M Series B at a $1B ValuationTwenty, an Arlington-based startup building AI-enabled offensive cyber systems for the US military and intelligence community, raised a $100 million Series B led by Accel at a $1 billion valuation. Founded only in 2024, it's billing itself as America's first VC-backed cyber-warfare company and just hit unicorn status.→
  7. Cyber-Warfare Startup Twenty Raises $100M Series B at a $1B ValuationTwenty, which bills itself as America's first VC-backed cyber-warfare company, raised a $100 million Series B led by Accel at a $1 billion valuation, with Point72 Ventures and Caffeinated Capital joining. The startup builds AI-enabled, end-to-end offensive and defensive cyber systems for the US military and intelligence community.→

Caffeinated Capital FAQ

What companies has Caffeinated Capital invested in?

Caffeinated Capital's portfolio includes Luzern Risk, Antares, Twenty, Saronic.

Who does Caffeinated Capital co-invest with most?

In the rounds Value Add tracks, Caffeinated Capital most often invests alongside Point72 Ventures (2 shared deals), 8VC (1 shared deal), Accel (1 shared deal), Advent International (1 shared deal), Andreessen Horowitz (1 shared deal).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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