We are an early-stage venture capital firm based in San Francisco, California. We partner with unbreakable founders innovating in the biggest markets.

Caffeinated is a thesis and stage agnostic firm. We typically partner with founders at the inception stage and invest throughout the life of the company. Historically, we've invested in founders using software to innovate in Financial Services, Enterprise Software, Digital Health, and Crypto. The firm was founded by Raymond Tonsing. We're aggressively openminded and strive to be your most impactful investor.

“I've worked with some of the best investors in Silicon Valley. Ray Tonsing has been among the most impactful. His introductions helped us raise significant capital, attract talented executives and establish important partnerships.”
Eric Wu, Co-Founder & CEO Opendoor
A few of the companies we've partnered with:
  • Affirm
  • Opendoor
  • TrueAccord
  • Future Advisor (sold to Blackrock)
  • WePay (sold to J.P. Morgan)
  • Docker
  • MemSQL
  • Sapho
  • Appurify (sold to Google)
  • Parse (sold to Facebook)
  • Bioage
  • Color
  • Forward
  • Virta
  • Anchor
  • Bitwise
  • Chia
  • dYdX
  • Airtable
  • Boom Supersonic
  • Wish
If you're thinking about starting up, we'd love to hear from you. Please consider recording a pitch video and posting the link to our Airtable form .