Overview
San Francisco-based early-stage venture capital firm founded in 2009 by Raymond Tonsing. Caffeinated Capital leads seed and Series A rounds and invests throughout the life of technology companies, with a focus on deep tech, robotics, defense, and AI. The firm pioneered the single-partner fund model and has scaled to billions in AUM.
Physical-AI portfolio investments include Saronic (autonomous maritime vessels, $600M Series C in 2025) and Hadrian (AI-driven autonomous factories for precision components). The firm also backed Airtable and Virta Health. Partners include Raymond Tonsing (Founder & GP), Varun Gupta, and Nick Marwell.
Verified record
- Verified deployments
- None on file
- Active incidents
- None on file
Key facts
HQ
Founder
Founded
Headquarters
AUM
Focus
Physical AI portfolio
Data & sources
Web sources
1
1 source backing this record.View all →
Partnerships
Every company Caffeinated Capital has built with, alongside the ones only announced in a press release.
Most-frequent partners
- 18VC1× joint1 total
- 2Andreessen Horowitz1× joint1 total
- 3Elad Gil1× joint
- 4NightDragon1× joint1 total
- 5Saronic Technologies1× joint5 total
Most recent
- Saronic Series B (2024)2024-07-19with Saronic Technologiesoperating
Relationships
Current leadership (2)
- Raymond Tonsing Founder & General PartnerSEC-verified
- Varun Gupta PartnerSEC-verified
Founders (1)
- Raymond Tonsingsole
Safety record
No incidents on record for Caffeinated Capital.
Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.
Full safety record: incidents, sourcing, and exposure data →
Recent coverage
Caffeinated Capital in third-party press
Financial state
- Reporting basis
- private_reported
- Lifecycle stage
- mature
- Counterparty risk class
- low
Each numeric field carries its own basis marker. Aggregators report a number; this surface preserves the source class so verification depth travels with the value.
Partnerships
1 total · 1 operating
Every company Caffeinated Capital has built with, alongside the ones only announced in a press release.
Most recent
- Saronic Series B (2024)2024-07-19with Saronic Technologiesoperating
Most-frequent partners
- 18VC1× joint1 total
- 2Andreessen Horowitz1× joint1 total
- 3Elad Gil1× joint
- 4NightDragon1× joint1 total
- 5Saronic Technologies1× joint5 total
Funding rounds (3)
- Series A
- Series A
- Series A
Timeline
Every recorded move in Caffeinated Capital’s history, most recent first: funding rounds, partnerships, acquisitions, supply-chain starts, key hires, and press.
PartnershipSaronic Series B (2024)
2024-07-19Saronic, a maritime-defense company building autonomous surface vessels, raised a $175 million Series B (announced July 19, 2024) at a $1 billion valuation, led by Andreessen Horowitz with 8VC, Caffeinated Capital, Elad Gil, and NightDragon.
Recent activity
Every change to this record is dated, sourced, and independently verified where marked.
- Record createdJun 25, 2026
Added to the verified registry
Sources (1)
Common questions
What is Caffeinated Capital?
What does Caffeinated Capital make?
Is Caffeinated Capital publicly traded?
Who is the CEO of Caffeinated Capital?
How can I invest in Caffeinated Capital?
Where is Caffeinated Capital headquartered?
Who owns Caffeinated Capital?
Is Caffeinated Capital a top robotics company?
Is Caffeinated Capital safe?
Methodology: Verified · 1 source (no primary) · last reviewed 2026-08-05
Verification posture
Verified
Low confidence
Review state
Stable
Last reviewed 2026-08-05
Sources by quality tier
- 1
- unclassified
- Unclassified source
The framework is documented at /methodology. Corrections at /corrections. Reviewer: DEPLOY editorial team.
Methodology surface for Caffeinated Capital.In the press
Recent coverage mentioning Caffeinated Capital from third-party publications. Automatically surfaced; not part of the verified registry record.
Luzern Risk Raises $45 Million Series B To Expand AI-Native Captive Insurance Platform
Luzern Risk has raised $45 million in Series B funding to accelerate its AI-native captive insurance platform and expand the alternative risk solutions it provides to companies…
The 22 Largest US Funding Rounds of May 2026 - AlleyWatch
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The 16 Largest Global Startup Funding Rounds of March 2026 - AlleyWatch
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Saronic Technologies to accelerate its maritime autonomy - Australian Defence Magazine
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Maritime Autonomy Company Saronic Raises $1.75B in Series D Funding Round - GovCon Wire
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Saronic Closes $1.75B Series D Funding - Marine News Magazine
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Saronic raises $1.75B to build autonomous ships at scale - The Robot Report
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Saronic: $1.75 Billion Raised For Autonomous Maritime Shipbuilding Expansion At $9.25 Billion Valuation - Pulse 2.0
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Saronic raises $1.75B at $9.25B valuation to gear up autonomous ship production - SiliconANGLE
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The Weekly Notable Startup Funding Report: 2/16/26 - AlleyWatch
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Twenty: $38 Million Raised To Scale Intelligent Cyber Warfare Systems For U.S. And Allied Missions - Pulse 2.0
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Twenty Raises $38M to Transform Cyber Warfare at Industrial Scale - PR Newswire
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Machine-readable surfaces
- Markdown mirror: /companies/caffeinated-capital.md
- RSS feed: /companies/caffeinated-capital/feed.xml
- JSON-LD: embedded in this page’s head
- REST API: /v1/companies/52b9cdc3-31aa-4dcd-b8e0-e07fc0f62f13
- Revision history: /companies/caffeinated-capital/history
- Data documentation: /data
- Query this programmatically: Deploy MCP
Heat Index
Serious52/100
A composite of competitive footprint, funding, press velocity, active partnerships, and supply-chain edges. Different from the Intelligence score below (which is per-form-factor productization). Non-robotics companies cap at 25.
Reality vs attention
Not enough verified signal yet to place Caffeinated Capital against peers. Reality and attention percentiles publish once the underlying record clears its data floor.
6-month trend
Analysis
Limited public funding data for capital position assessment.
Signal flags
Dimension breakdown
Verified signal
Attention (reach, not merit)
DEPLOY Intelligence scores are computed from verified registry data: confirmed deployments, disclosed funding rounds, regulatory filings, active job listings, video viewership, and press coverage. Confidence ratings reflect data availability. Scores update nightly.
DEPLOY Indices — verified vs claimed
Last computed: Oct 2, 2026