{"id":"52b9cdc3-31aa-4dcd-b8e0-e07fc0f62f13","name":"Caffeinated Capital","slug":"caffeinated-capital","description":"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](/companies/saronic) (autonomous maritime vessels, $600M Series C in 2025) and [Hadrian](/companies/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.","status":"private (VC firm)","founded":2009,"hq":"San Francisco, California, USA","hqLat":37.7879363,"hqLng":-122.4075201,"hqGeocodedAt":"2026-08-05T14:23:46.262Z","hqAddress":null,"hqPrecision":null,"website":"caffeinatedcapital.com","fundingTotal":null,"type":null,"reviewStatus":"reviewed","lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://www.caffeinatedcapital.com/","title":"Caffeinated Capital","date_accessed":"2026-06-24"}],"keyFacts":[{"label":"HQ","value":"unknown"},{"label":"Founder","value":"Raymond Tonsing"},{"label":"Founded","value":"2009"},{"label":"Headquarters","value":"San Francisco, California, USA"},{"label":"AUM","value":"~$400 million (Fund III: $75M)"},{"label":"Focus","value":"Seed and Series A, deep tech, robotics, defense, AI"},{"label":"Physical AI portfolio","value":"Saronic (autonomous ships), Hadrian (autonomous factories)"}],"aliases":[],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"tickerSymbol":null,"stockExchange":null,"secCik":null,"revenueUsd":null,"revenueBasis":null,"revenueAsOf":null,"employeeCount":null,"employeeCountBasis":null,"employeeCountAsOf":null,"marketCapUsd":null,"marketCapAsOf":null,"marketCapSource":null,"createdAt":"2026-06-25T00:29:58.056Z","updatedAt":"2026-08-05T14:37:24.623Z","jsonLd":{"@context":"https://schema.org","@type":"Organization","@id":"https://registry.deploy.report/companies/caffeinated-capital","url":"https://registry.deploy.report/companies/caffeinated-capital","name":"Caffeinated Capital","description":"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](/companies/saronic) (autonomous maritime vessels, $600M Series C in 2025) and [Hadrian](/companies/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.","identifier":"52b9cdc3-31aa-4dcd-b8e0-e07fc0f62f13","foundingDate":"2009","address":"San Francisco, California, USA","publisher":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":1,"primary_source_types":[]}}}