Raymond Tonsing

Raymond Tonsing is a prominent San Francisco-based venture capitalist and the founder of Caffeinated Capital, an early-stage venture capital firm established in 2010. The firm is recognized for its strategic investments in groundbreaking technology companies, primarily focusing on pre-seed and seed-stage startups. Tonsing's investment philosophy centers on identifying exceptional founders and disruptive technologies at their earliest phases, providing crucial capital and strategic guidance to help these nascent companies scale.

Caffeinated Capital has consistently raised substantial funds to support its investment thesis. In July 2022, the firm successfully closed its fifth flagship fund, Caffeinated Capital V, with $150 million in commitments. Concurrently, they also raised a $50 million Opportunity Fund II, bringing their total new capital to $200 million for these two vehicles. This capital is deployed into a diverse portfolio of companies, with a particular emphasis on enterprise software, fintech, and developer tools. The firm's typical initial investment ranges from $500,000 to $5 million, reflecting their commitment to leading or co-leading early funding rounds.

Tonsing and Caffeinated Capital have built an impressive track record, backing numerous companies that have gone on to achieve significant valuations and market leadership. Their portfolio includes several high-profile successes such as Brex, Notion, Ramp, Airtable, Rippling, Scale AI, and Vercel. These investments underscore Tonsing's ability to spot future industry leaders and provide the foundational support needed for their growth. The firm's hands-on approach and deep network contribute to the success of its portfolio companies, making Caffeinated Capital a sought-after partner for early-stage founders.