Raymond Tonsing's Caffeinated Capital seeks $400M for fifth fund | TechCrunch
Briefly

Caffeinated Capital, founded by Raymond Tonsing, is in the process of raising a fifth fund totaling $400 million, with $160 million already raised. This fund aims to be the firm’s largest since its inception 15 years ago. Tonsing previously operated as the only general partner until 2020, when Varun Gupta, a data science expert, joined as a second general partner. Caffeinated Capital has already seen significant success with prior investments in companies like Airtable and Affirm, underlining its influence in the venture capital sphere.
Caffeinated Capital is raising a $400 million fund, aiming to be its largest yet, with $160 million already secured.
Founded by Raymond Tonsing, the firm has notable investments and collaborations, indicating a strong presence in the tech investment landscape.
The addition of Varun Gupta as a general partner highlights the firm's commitment to expanding its leadership and expertise in venture capital.
Caffeinated Capital's significant past exits, like Optimizely and early investments in Affirm, showcase successful portfolio management.
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