Caffeinated Capital Management, LLC

Multi-stage venture firmSEC venture capital fund adviserRaising· Aspen, ColoradoCAFFEINATED.COM

Multi-stage venture firm, based in Aspen, Colorado, reporting $3.9B of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$3.9B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
4
Investment team
4
Latest vintage
2026
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

7 additional co-investors and affiliates, 61 additional investments, funds and LPs, 65 events, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 5 vehicles
    on Form D, 18 months

    $436M reported sold so far.

    A Form D is filed when a vehicle takes its first money, so these are open to LPs now.

    FactSEC Form D filingsFor LPs, fund-of-funds, placement agentsVehicles →
  2. 4 companies
    new in 12 months

    4 new companies in the last 12 months.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageInvestments →
  3. 1 company
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 4 May 2026 ($131M sold on Form D).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactSEC Form D filingsFor Co-investors, LPs, lendersInvestments →
  4. 2 deals
    with General Catalyst

    Invests most often alongside General Catalyst (2 shared deals).

    pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordCo-investors →

People to know

View all people
  • Partner
    Why: Partner: part of the investment decision
    No route on file yet
  • Partner
    Why: Partner: part of the investment decision
    No route on file yet
  • Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

80 connected entities4 observed rounds1 repeat counterparty3 dated rounds shown here, 2025 to 2026

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Caffeinated Capital Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Caffeinated Capital Management, LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

5 companies on record, 4 new in 12 months

Investments on record

5 companies, 2 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
VardaSeries D · Series D+participantunknown$251MunknownSep 30, 2026Fact Press release
Twenty Technologies, Inc.board seatunknown · boardRaymond Tonsing (strongly supported)unknownunknownSep 25, 2026Inference Form D
SaronicSeries D · Series D+participantunknown$1.8BunknownMar 31, 2026Fact Press release

Stated thesis versus observed behaviour

5 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, healthcare, biotech, energy, space, industrial
Stages
seed, series a, series b, early
Geography
new york
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation
series d plus 100%
Stage at first entry
series d plus 100%
Sectors
unknown 60%Other 20%Other Technology 20%
lead rate 33%follow-on rate 0%new companies, 12 months 4

Team

4 current, 0 departed

Decision makers

who to call first, and why; then everyone else by function
  • Matthew Volosin · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
  • Varun Gupta · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
  • Raymond Michael Tonsing · Member
    Why this person: Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

4 current, 0 departed

Contacts

1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

55 vehicles, 0 LPs disclosed

Funds and vehicles

55 reported, 7 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Caffeinated Capital Seed Fund VI, LPSeed fund2026 form d first saleFundraising$208M
Mar 30, 2026
70$205M
of $250M
Feb 4, 2026
Caffeinated Capital Growth Fund I, LPGrowth fund2026 form d first saleFundraising$85.2M
Mar 30, 2026
69$81.5M
of $500M
Feb 4, 2026
Caffeinated Capital Scout Fund V, LPFund2026 form d first saleFundraising$13.5M
Mar 30, 2026
9$13.5M
of $15.0M
Feb 26, 2026

Limited partners

0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.

Known LPs and allocators

1 relationship across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Teach a Man to Fish FoundationFOUNDATIONCAFFEINATED CAP VENT FUND IV at Caffeinated Capital Management, LLC$3.7M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

10 co-investors · on 2 other DFX graphs

Co-investors

10 counted from shared deals, for the whole firm

Compare portfolios with General Catalyst, Khosla Ventures, LLC, Natural Capital or any firm. Co-investors across the market

Across DFX and the capital chainon 2 other DFX graphs · 1 capital path Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

Caffeinated Capital Management, LLC is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

Caffeinated Capital Management, LLC sits on 1 traced path of capital across the graphs.

Allocator commitments to a manager

DFX traced 1 path of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

70 dated events, 72 observations from 3 sources

Timeline

70 dated events
  1. Mar 30, 2026
    Caffeinated Capital Scout Fund IV, LP first reported on Form ADV by Caffeinated Capital Management, LLC (Venture Capital Fund), GAV $9,040,631
    Fund first reported on Form ADVFundsInferenceCaffeinated Capital Scout Fund IV, LPForm ADV
  2. Mar 30, 2026
    Caffeinated Capital Growth Fund I, LP first reported on Form ADV by Caffeinated Capital Management, LLC (Venture Capital Fund), GAV $85,166,667
    Fund first reported on Form ADVFundsInferenceCaffeinated Capital Growth Fund I, LPForm ADV
  3. Mar 30, 2026
    Caffeinated Capital Aven Spv IV, LLC first reported on Form ADV by Caffeinated Capital Management, LLC (Venture Capital Fund), GAV $12,606,625
    Fund first reported on Form ADVFundsInferenceCaffeinated Capital Aven SPV IV, LLCForm ADV
  4. Mar 30, 2026
    Caffeinated Capital Varda Spv II, LLC first reported on Form ADV by Caffeinated Capital Management, LLC (Venture Capital Fund), GAV $8,614,181
    Fund first reported on Form ADVFundsInferenceCaffeinated Capital Varda SPV II, LLCForm ADV
  5. Mar 30, 2026
    Caffeinated Capital Bosu Spv IV, LLC first reported on Form ADV by Caffeinated Capital Management, LLC (Venture Capital Fund), GAV $3,051,680
    Fund first reported on Form ADVFundsInferenceCaffeinated Capital Bosu SPV IV, LLCForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 52 private fundsShow

Website description: Helping founders achieve their life's work.

Headquarters
Aspen, COadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 30, 2026
Private funds reported
52 (52 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$3.9Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $3.9B
  2. Sep 15, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $2.6B
  3. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $2.2B

Evidence

73 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 25, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 25, 2024FactForm ADV
First Form ADV filing2014-02-03Mar 30, 2026FactForm ADV
First Form ADV filing2014-02-03Mar 25, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2024-03-25Mar 25, 2024FactForm ADV
SEC statusERA - ActiveMar 30, 2026FactForm ADV
SEC status effective2014-02-03Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 25, 2024FactForm ADV
Business phoneMar 30, 2026FactForm ADV
Business phoneMar 25, 2024FactForm ADV
DescriptionSep 16, 2026Fact
DescriptionSep 15, 2026Fact
HeadquartersAspen, COMar 30, 2026FactForm ADV
HeadquartersAspen, COMar 25, 2024FactForm ADV
Office addressMar 30, 2026FactForm ADV
Office addressMar 25, 2024FactForm ADV
Self-described typeVenture capitalSep 16, 2026Fact
Self-described typeVenture capitalSep 15, 2026Fact
Legal formLimited Liability CompanyMar 30, 2026FactForm ADV
Legal formLimited Liability CompanyMar 25, 2024FactForm ADV
Private funds reported52Mar 30, 2026FactForm ADV
Private funds reported52Mar 30, 2026FactForm ADV
Private funds reported37Mar 25, 2024FactForm ADV
Private fund gross assets (reported)$3.9BMar 30, 2026FactForm ADV
Private fund gross assets (reported)$3.9BMar 30, 2026FactForm ADV
Private fund gross assets (reported)$2.6BMar 25, 2024FactForm ADV
Schedule a diffsadiff-1Sep 14, 2026FactForm ADV
Stated geographynew york
“geography words on the home page”
Sep 16, 2026Fact
Stated geographynew york
“geography words on the home page”
Sep 15, 2026Fact
Stated sectorsAI, enterprise software, healthcare, biotech, energy, space, industrial
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, enterprise software, healthcare, biotech, energy, space, industrial
“sector words on the home page”
Sep 15, 2026Fact
Stated stagesSeed, series a, series b, early
“stage words on the home page”
Sep 16, 2026Fact
Stated stagesSeed, series a, series b, early
“stage words on the home page”
Sep 15, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 15, 2026Fact
Venture funds reported52Mar 30, 2026FactForm ADV
Venture funds reported52Mar 30, 2026FactForm ADV
Venture funds reported37Mar 25, 2024FactForm ADV
WebsiteMar 30, 2026FactForm ADV
WebsiteMar 25, 2024FactForm ADV
Website resolved domainSep 16, 2026Fact
Website resolved domainSep 15, 2026Fact
Website resolved domainSep 14, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 15, 2026Fact
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShow
Importance
56
elevated
Active deployment
75
high
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $3.9B

The inputs behind each score
importance
gav: 0.79 · funds: 1 · people: 0.16 · investments: 0.26 · co investors: 0.4
active deployment
investments 12m: 0.5 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-09-30
emerging manager
fund count: 62 · reported gav: $3.9B · first adv filing: 2014-02-03 · years since first filing: 12.7

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

11 scored matches, best firstas of
  • score 36.2confidence 80%
    Why: stage fit; activity
  • score 36.2confidence 90%
    Why: sector fit; geography fit; activity
  • score 36.2confidence 90%
    Why: sector fit; geography fit; activity

+8 more scored matches

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

1 identity change, 1 dated event on the change ledger, latest event first
  • Merged in
    2026-09-14
  • Adviser's first ADV filing
    2014-02-03source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.