Venture capital firm
Caffeinated portfolio
caffeinated.comCaffeinated is a venture capital firm based in San Francisco, United States, founded in 2008. It has invested in 79 venture-backed companies across 119 funding rounds on VCMC, and led 32 of those rounds. 12 of them were in the last 12 months.
79
Venture-backed companies
in its portfolio on VCMC
119
Funding rounds
led 32
12
Last 12 months
rounds, Oct 2025 to Sep 2026
15
With a disclosed valuation
of 79 companies
$65.2B
Combined value of its private companies
the whole companies, not what Caffeinated owns
76 private companies Caffeinated has backed have a VCMC valuation; together they are worth $65.2B. That is the value of the whole companies, not what Caffeinated owns. Baseten is 23% of the total. 3 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Caffeinated's most valuable portfolio companies
The 10 most valuable private companies Caffeinated has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Baseten Software Development Services, San Francisco $14.7B range $11.3B – $21.5B Joined at Seed, 2022
- 2 Saronic Technologies Aerospace and Defence, Austin $11.1B range $8.0B – $14.7B Led at Series A, 2023
- 3 Hadrian Aerospace and Defence, Torrance $8.3B range $6.8B – $11.8B Joined at Series A, 2022
- 4 Nutritionists & Weight Loss Specialists, Covina $3.3B range $487M – $3.8B Led at Series B, 2018
- 5 Tech Companies, Honolulu $2.8B range $1.9B – $3.4B Joined at Series B, 2024
- 6 Antares Electronical Components Manufacturing, Torrance $2.5B range $1.7B – $4.5B Led at Seed, 2023
- 7 Employment Agencies & HR Consulting, San Francisco $2.4B range $360M – $2.8B Joined at Series B, 2021
- 8 Boom Aircraft Parts & Services, Englewood $2.1B range $1.3B – $2.5B Joined at Series A, 2017
- 9 Aircraft Parts & Services, North Kingstown $1.8B range $1.2B – $3.6B Led at Seed, 2021
- 10 Varda Space Industries Aerospace and Defence, El Segundo $1.6B range $1.4B – $2.4B Led at Series A, 2021
Portfolio
Full Caffeinated portfolio (79 companies)
79 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Saronic Technologies Aerospace and Defence · led at Series A, 2023 | Series D Mar 2026 $1.75B | $11.1B | $8.0B – $14.7B | $12.8B (+15%) | $1.4B | 0% | 1,363 | growing | B | |
| 2 | Baseten Software Development Services · since Seed, 2022 | Series F Jun 2026 $1.50B | $14.7B | $11.3B – $21.5B | $18.7B (+27%) | $2.1B | 0% | 419 | growing | B | |
| 3 | Hadrian Aerospace and Defence · since Series A, 2022 | Series D Aug 2026 $1.37B | $8.3B | $6.8B – $11.8B | $10.2B (+23%) | $1.1B | 0% | 269 | flat | A | |
| 4 | Capchase Loans & Financing · led at Seed, 2020 | Growth Equity Jan 2024 $200M | $1.2B | $402M – $2.6B | $657M (-43%) | $167M | 59% | 101 | flat | C | |
| 5 | Antares Electronical Components Manufacturing · led at Seed, 2023 | Series C Jul 2026 $470M | $2.5B | $1.7B – $4.5B | $3.2B (+25%) | $347M | 0% | 147 | growing | B | |
| 6 | Varda Space Industries Aerospace and Defence · led at Series A, 2021 | Series D Sep 2026 $251M | $1.6B | $1.4B – $2.4B | $2.1B (+28%) | $229M | 0% | 276 | growing | A | |
| 7 | Settle Payment Processing & Point of Sale · since Series A, 2021 | Debt Oct 2026 $240M | $59.2M | $20.7M – $159M | $59.2M (0%) | $48.5M | 97% | 67 | shrinking | D | |
| 8 | Boom Aircraft Parts & Services · since Series A, 2017 | Series B Dec 2025 $300M | $2.1B | $1.3B – $2.5B | $2.1B (+2%) | $259M | 19% | 360 | up | B | |
| 9 | Northwood Telecommunications · since Seed, 2024 | Series B Jan 2026 $100M | $685M | $364M – $1.1B | $775M (+13%) | $85.3M | 0% | 179 | growing | B | |
| 10 | Unbabel Translation Services · since Seed, 2014 | Series C Sep 2019 $60M | $112M | $31.5M – $525M | $112M (0%) | $65.7M | 80% | 658 | down | D | |
| 11 | Ritual Vitamins & Supplements · since Series B, 2019 | Series B Feb 2019 $25M | $196M | $14.0M – $278M | $191M (-2%) | $25.8M | 0% | 239 | up | D | |
| 12 | Tech Companies · led at Series C, 2016 | Buyout Sep 2025 $500M | $2.2B acquired 2025 | $399M – $3.3B | – | – | 6% | 589 | flat | D | |
| 13 | Tech Companies · since Series B, 2024 | Series D Jan 2026 $200M | $2.8B | $1.9B – $3.4B | $3.0B (+7%) | $326M | 0% | 383 | growing | A | |
| 14 | Tech Companies · since Series A, 2019 | Series C Feb 2022 $110M | $120M | $71.4M – $376M | $111M (-8%) | $118M | 97% | 41 | shrinking | C | |
| 15 | Tech Companies · led at Series A, 2020 | Series B Nov 2021 $115M | $174M | $73.9M – $891M | $173M (0%) | $140M | 97% | 145 | down | D | |
| 16 | Tech Companies · since Series A, 2020 | Series D Jul 2025 $50M | $792M | $437M – $1.1B | $792M (0%) | $87.2M | 0% | 532 | growing | B | |
| 17 | Tech Companies · since Series A, 2019 | Series B Aug 2021 $70M | $557M | $37.1M – $890M | $547M (-2%) | $72.1M | 0% | 203 | up | D | |
| 18 | Tech Companies · since Seed, 2021 | Series B Apr 2024 $33M | $155M | $29.9M – $220M | $155M (0%) | $17.0M | 0% | 1 | unknown | C | |
| 19 | Tech Companies · since Series A, 2025 | Series A Dec 2025 $35M | $423M | $173M – $723M | $475M (+12%) | $66.5M | 0% | 104 | growing | C | |
| 20 | Tech Companies · since Seed, 2019 | Other Sep 2025 $10M | $43.3M | $3.07M – $153M | $42.2M (-3%) | $16.8M | 42% | 59 | flat | D | |
| 21 | Tech Companies · since Series A, 2022 | Series A Jun 2022 $28M | $66.0M | $21.3M – $277M | $59.3M (-10%) | $33.2M | 59% | 61 | growing | D | |
| 22 | Aerospace and Defence · since Seed, 2023 | Series A Dec 2025 $24M | $240M | $103M – $374M | $264M (+10%) | $36.9M | 0% | 62 | growing | C | |
| 23 | Medical Supply Retailers · led at Seed, 2021 | Other Jun 2024 $14M | $109M | $7.60M – $155M | $106M (-3%) | $16.6M | 0% | 255 | up | D | |
| 24 | Tech Companies · since Seed, 2023 | Series A Jul 2026 $18M | $122M | $72.0M – $261M | $184M (+51%) | $25.8M | 0% | 42 | growing | C | |
| 25 | Insurance - Agents, Carriers & Brokers · since Seed, 2024 | Series A Jan 2025 $8.0M | $55.6M | $25.1M – $103M | $44.9M (-19%) | $11.4M | 50% | 192 | growing | C | |
| 26 | Tech Companies · led at Seed, 2023 | Series A Apr 2025 $10M | $74.9M | $30.2M – $122M | $61.4M (-18%) | $14.9M | 50% | 17 | down | C | |
| 27 | Tech Companies · led at Series A, 2024 | Series A Dec 2024 $15M | $156M | $34.1M – $240M | $154M (-1%) | $22.2M | 2% | 44 | flat | C | |
| 28 | Tech Companies · since Series A, 2025 | Series A Jan 2025 $13M | $160M | $53.7M – $243M | $160M (0%) | $22.4M | 0% | 82 | up | C | |
| 29 | Medical Supply Manufacturers · since Series A, 2022 | Series A Sep 2022 $13M | $20.3M | $6.89M – $141M | $14.9M (-26%) | $17.5M | 97% | 25 | down | D | |
| 30 | Tech Companies · led at Series A, 2022 | Series A Dec 2022 $12M | $32.7M | $9.81M – $90.5M | $25.4M (-22%) | $20.7M | 97% | 41 | shrinking | D | |
| 31 | Biotechnology · since Seed, 2025 | Seed May 2025 $12M | $150M | $37.0M – $229M | $150M (0%) | $27.0M | 0% | 6 | unknown | C | |
| 32 | Chemicals · since Pre-seed, 2022 | Seed Jun 2023 $9.0M | $87.4M | $7.75M – $142M | $81.9M (-6%) | $18.4M | 0% | 13 | flat | D | |
| 33 | Tech Companies · led at Seed, 2025 | Seed Jan 2025 $5.5M | $38.3M | $15.5M – $81.1M | $27.2M (-29%) | $13.2M | 70% | 16 | down | C | |
| 34 | Tech Companies · since Seed, 2023 | Seed Feb 2023 $4.2M | $29.6M | $3.93M – $68.3M | $24.9M (-16%) | $10.8M | 36% | 11 | flat | D | |
| 35 | Tech Companies · since Seed, 2023 | Seed Apr 2023 $4.0M | $9.33M | $3.87M – $41.7M | $6.60M (-29%) | $9.60M | 97% | 19 | down | D | |
| 36 | Tech Companies · since Seed, 2023 | Seed May 2023 $4.0M | $8.13M | $3.56M – $18.2M | $6.43M (-21%) | $8.66M | 97% | 5 | shrinking | C | |
| 37 | Tech Companies · led at Seed, 2021 | Seed Nov 2021 $4.0M | $22.6M | $4.54M – $68.9M | $22.6M (0%) | $8.00M | 39% | 47 | growing | D | |
| 38 | Software Development Services · since Seed, 2026 | Seed Jan 2026 $3.3M | $38.8M | $15.5M – $71.8M | $47.2M (+22%) | $8.49M | 0% | 33 | growing | C | |
| 39 | Architects & Architectural Services · led at Seed, 2023 | Seed Oct 2023 $3.0M | $51.9M | $15.3M – $79.0M | $42.9M (-17%) | $9.35M | 0% | 36 | growing | C | |
| 40 | Tech Companies · led at Seed, 2021 | Seed Feb 2021 $2.4M | $34.7M | $7.29M – $60.2M | $34.7M (0%) | $7.12M | 0% | 12 | growing | D | |
| 41 | Software Development Services · since Seed, 2014 | Seed Feb 2014 $2.0M | $10.2M | $0.88M – $15.6M | $10.0M (-2%) | $2.88M | 0% | 18 | up | D | |
| 42 | Tech Companies · since Pre-seed, 2022 | Pre-Seed May 2022 $2.0M | $33.6M | $1.20M – $51.2M | $32.5M (-3%) | $5.14M | 0% | 40 | flat | D | |
| 43 | Tech Companies · led at Seed, 2017 | Seed Jan 2017 $1.2M | $0.05M | $0 – $0.05M | $0.05M (0%) | – | 100% | 6 | unknown | dead | |
| 44 | Tech Companies · led at Series B, 2018 | Acquisition Aug 2026 $1.28B | $9.1B acquired 2026 | $1.1B – $14.7B | – | – | 20% | 936 | flat | D | |
| 45 | Nutritionists & Weight Loss Specialists · led at Series B, 2018 | Series E Apr 2021 $133M | $3.3B | $487M – $3.8B | $3.2B (-4%) | $408M | 0% | 902 | up | D | |
| 46 | Real Estate Rental · led at Seed, 2018 | Series D Aug 2021 $200M | $1.5B | $174M – $3.0B | $1.4B (-6%) | $286M | 30% | 140 | unknown | D | |
| 47 | Aircraft Parts & Services · led at Seed, 2021 | Series B Aug 2026 $240M | $1.8B | $1.2B – $3.6B | $2.5B (+41%) | $277M | 0% | 284 | up | B | |
| 48 | Tech Companies · led at Series A, 2022 | Series D Nov 2025 $100M | $1.3B | $727M – $1.9B | $1.3B (+2%) | $148M | 0% | 223 | growing | B | |
| 49 | Tech Companies · led at Seed, 2020 | Growth Equity Oct 2023 $50M | $188M | $99.7M – $473M | $132M (-30%) | $49.7M | 97% | 152 | shrinking | C | |
| 50 | Loans & Financing · since Series C, 2022 | Series C Jun 2022 $113M | $1.1B | $462M – $1.2B | $1.1B (0%) | $117M | 0% | 198 | growing | B |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Caffeinated invests: stages, industries and countries
Most of its rounds are seed (34%). Its companies span 28 industries, most in Tech Companies, Aerospace and Defence and Biotechnology, across 8 countries.
Rounds by stage
- Pre-seed 2
- Seed 40
- Series A 37
- Series B 20
- Series C and later 20
Investments by industry
- Tech Companies 32
- Aerospace and Defence 6
- Biotechnology 6
- Software Development Services 4
- Insurance - Agents, Carriers & Brokers 3
- Loans & Financing 3
- Aircraft Parts & Services 2
- Investment Consultants & Financial Advisors 2
Investments by country
- United States 71
- Mexico 2
- Brazil 1
- Canada 1
- Curaçao 1
- Israel 1
Recent rounds
Caffeinated's latest investments
Caffeinated's most recent funding rounds, newest first. 12 rounds in the last 12 months.
- Varda Space Industries Series D $251M 30 Sep 2026
- Series B $45M 17 Sep 2026
- Series B $240M 27 Aug 2026
- Antares Series C, led $470M 27 Jul 2026
- Series A $18M 1 Jul 2026
- Saronic Technologies Series D $1.75B 31 Mar 2026
- Series A $21M 10 Feb 2026
- Seed $3.3M 26 Jan 2026
- Series A $35M 10 Dec 2025
- Antares Series B $96M 2 Dec 2025
Co-investors
Caffeinated's top co-investors
The investors that most often join the same rounds as Caffeinated. Founders Fund leads, with 18 rounds together.
- Founders Fund 18 rounds together
- 16 rounds together
- Andreessen Horowitz 15 rounds together
- Y Combinator 13 rounds together
- Khosla Ventures 12 rounds together
- General Catalyst 10 rounds together
- Coatue 8 rounds together
- Sequoia Capital 7 rounds together
- CRV 7 rounds together
- Lux Capital 7 rounds together
About
About Caffeinated
Caffeinated is a venture capital firm based in San Francisco and New York, engaged in early-stage and growth-stage investments across sectors such as software, aerospace, healthcare, financial services, defense, and consumer. The firm provides capital and strategic support to technology companies, with a focus on seed and Series A rounds, and invests throughout the lifecycle of technology companies. Caffeinated also supports founders in addressing global challenges, including cancer, diabetes, and climate change.
Description from Veridion's company data.
- Founded
- 2008
- Based in
- San Francisco, United States
- Team
- 2 people
- Type
- Venture capital firm
Focus markets
- Software
- Aerospace
- Healthcare
- Financial Services
- Defense
- Consumer
What Caffeinated offers
- Venture Capital Investment Services
- Technology Sector Investment Services
- Seed Round Investment Services
- Early-Stage Investment Services
- Growth Stage Investment Services
- Late-Stage Investment Services
- Portfolio Company Support Services
- Founder Advisory Services
Questions
Caffeinated: frequently asked questions
How many companies has Caffeinated invested in?
79 venture-backed companies on VCMC, across 119 funding rounds.
What are Caffeinated's most valuable private companies?
Baseten ($14.7B), Saronic Technologies ($11.1B), Hadrian ($8.3B), by VCMC's valuation.
What was Caffeinated's latest investment?
Varda Space Industries, a Series D round in Sep 2026 of $251M.
Which stages does Caffeinated invest in?
Caffeinated invests most often at seed (40 rounds), followed by Series A (37) and Series B (20). It has also joined 20 Series C and later and 2 pre-seed rounds.
What is Caffeinated's portfolio worth?
Its private companies with a VCMC valuation are worth $65.2B together. That is the sum of the companies' values, not what Caffeinated owns.
Who does Caffeinated invest alongside?
Founders Fund (18 rounds), SciFi VC (16 rounds), Andreessen Horowitz (15 rounds).