/Investors

CRESCENT COVE CAPITAL

Venture debt

San Francisco · Series B–Late Stage · 14 people tracked

Also known as Crescent Cove · CRESCENT COVE ADVISORS, LP

Find your way into CRESCENT COVE CAPITAL

2,879 people in our graph share verified history with the CRESCENT COVE CAPITAL team — schools, employers, funds. One of them is your warm intro.

Iris Chanunlockedknows Jun Hong Heng · together at San Francisco Symphony (overlapped)
knows the team · via White Oak Global Advisors
knows the team · via Comerica Bank
×2knows the team · via WilmerHale
knows the team · via TriplePoint Capital
knows the team · via State Street
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Investment thesis

Crescent Cove partners with experienced management teams at growth-stage technology companies, offering short-term capital alongside guidance drawn from deep tech-industry experience. The firm follows a disciplined investment philosophy aimed at delivering strong risk-adjusted returns through market cycles, investing across both private equity and credit. Positioning itself as an entrepreneur-led partner, it emphasizes creative, tailored financing solutions and hands-on support for founders from private startups through later funding rounds, IPOs and beyond. The firm values a small, diverse team and stresses honesty, transparency and long-term partnership with the founders it backs.

Source: firm website, verified Sep 27, 2026.

Stage
Series B–Late Stage
HQ
San Francisco, US
Instruments
Equity · Debt
Founded
2016
Last 12 months
2 investments
AUM
$1.1B
Tracked investments
24
Unicorns
2
IPOs
1
Acquisitions
1

Team · 14 people

from the firm's website & public directories

What they invest in

from 21 of 24 portfolio companies

AI & Machine Learning ×12Data & Infrastructure ×8Defense Tech ×5Hardware ×5SaaS ×5Cloud Computing ×4Deep Tech ×4Robotics ×4

HQs:United States×14Portugal×1

Who they back

founder profiles across 12 portfolio companies
58%
solo founders
7 of 12 mapped founding teams
47%
repeat founders
of 15 founders with career history

Founding team size:solo founder×72 founders×23 founders×24+ founders×1

What their founders studiedfrom 16 founders with field-of-study data

Business & Management ×6Computer Science ×5Law ×2Politics & Policy ×2

Investments · 24 tracked

founders shown can be your intro path

By year:2026 · 12025 · 22024 · 32022 · 12021 · 12020 · 12018 · 110 dated

Energy Vaultenergyvault.comin𝕏NYSE: NRGV

Energy Vault designs and integrates energy storage products and management software for grid-scale and utility customers, spanning battery, gravity-based, and hydrogen storage systems.

CleantechClimate TechEnergyHardware

Robert Allen Piconi(Chairman of the Board, Co-Founder & CEO)inCraig R. Horne(Chief Technology Officer)inNitin Dahiya(Chief Financial Officer)inLaurence Alexander(Chief of Staff & Chief Marketing Officer)inMarco Terruzzin(Chief Revenue Officer)inAkshay Ladwa(Chief Development and Operations Officer)in

Co-investorsIdealabNeotribe VenturesPrime Movers LabSoftBank Vision FundAramco VenturesSoftBank Group

Armadaarmada.aiin

Armada develops edge computing and AI solutions for industrial applications.

AI & Machine LearningCloud ComputingData & InfrastructureDeep Tech

Dan Wright(Founder)inJon Runyan(Founder)inPradeep Nair(Founder)in

Co-investors137 VenturesArtisanal VenturesCommodity CapitalContraryFelicis VenturesFlyover Capital+17 more

Care AIcare.aiin

care.ai provides a cloud-based platform combining virtual care and ambient intelligence to monitor patients and hospital environments, connect bedside and remote care teams, and automate clinical workflows.

AI & Machine LearningDigital HealthHealthtech

Deep Infradeepinfra.comin𝕏Nov 2024

DeepInfra provides inference infrastructure for deploying open-source AI models at scale, built from GPU hardware to API layer.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsPalo Alto, US

Nikola Borisov(Founder and CEO)inYessenzhar Kanapin(Founder)inGeorgios Papoutsis(Founder)in

Co-investorsA.Capital VenturesChamaeleonFelicis VenturesUpper90500 GlobalNVIDIA+2 more

Forterraforterra.comin𝕏Nov 2025 · $238M

Forterra develops autonomous weapons, sensors, and battlefield systems using distributed control networks for defense operations.

AI & Machine LearningDefense TechRobotics

Alberto Lacaze(Chairman of the Board and President)inJoseph Putney(Chief Technology Officer)in

Co-investors645 VenturesEnlightenment CapitalGlynn Capital ManagementNightDragonSalesforce VenturesSoftBank Vision Fund+8 more

Haptxhaptx.comin𝕏Sep 2022 · $23M

HaptX develops wearable haptic gloves and related technology that enable realistic touch simulation in virtual reality, spatial computing, and robotics applications.

Deep TechHardwareRobotics

Jake RubininDr. Bob Crockett(Co-founder)

Co-investorsKeiretsu ForumTaylor Frigon Capital PartnersVerizon Ventures

Kitmanlabskitmanlabs.comin𝕏

Kitman Labs offers an integrated intelligence platform that consolidates data points and single-point solutions into one operating system to analyze and optimize human performance, health, and wellness.

AI & Machine LearningSaaSSports Tech

Stephen Smith(Founder)in

Co-investorsSony Ventures Corporation

Lambdalambdalabs.comin𝕏Feb 2025 · $480M

Lambda provides GPU cloud infrastructure for AI training and inference, offering single-tenant clusters, on-demand instances, and managed AI supercomputers built on NVIDIA GPUs (GB300 NVL72, HGX B300/B200, H200/H100).

AI & Machine LearningCloud ComputingData & InfrastructureSan Francisco, US

Benhamin Nelson(Executive Officer)Austen Allred(Executive Officer, Director)

BoardJessica Verrilli(Director)John Danner(Director)

Co-investorsAir Street CapitalAlpha Square GroupAlumni VenturesB Capital GroupB4 CapitalBasecamp Fund+19 more

Lambda Labslambda.aiin𝕏Apr 2024 · $320M

Lambda operates cloud infrastructure and supercomputers purpose-built for AI training and inference, serving hyperscalers, enterprises, and frontier AI labs.

AI & Machine LearningCloud ComputingData & InfrastructureSan Francisco, US

Stephen Balaban(Founder)in

Co-investorsAccess Ventures (New York)Alumni VenturesBasecamp FundDigerati Investmentsfutureland venturesHilltop Venture Partners+11 more

Lookoutlookout.com

Boston, US

James Burgess(Founder)inJim Dolcein

Co-investorsAccelAndreessen HorowitzIndex VenturesIris CapitalMillennium Technology Value PartnersPremji Invest+3 more

Major League Hackingmlh.cominJan 2020

Major League Hacking (MLH) runs hackathons, remote fellowship programs, and the DEV (dev.to) online developer community, offering 12-week paid open-source internship alternatives and events for software creators.

Developer ToolsEdTechSocial

Mike Swift(Founder)in

Co-investorsReach CapitalRethink EducationGeneral Catalyst

MAP LARGE, INC.maplarge.comin

MapLarge provides a location analytics platform for analysts, data scientists, and AI algorithm developers to analyze business, demographic, and POI data.

AI & Machine LearningData & InfrastructureDefense TechEnterprise SoftwareLogistics & Supply ChainSector Agnostic

Glenn A Kirbo Jr(Founder)in

Obsidianobsidiansecurity.cominAug 2026 · $85M

Obsidian Security provides visibility, controls, and threat detection for SaaS applications and AI tools across enterprise environments.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSNewport Beach, US

Matt W.(Founder)inGlenn Chisholm(Co-Founder; former CEO, now Chairman & Chief Product Officer)inBen Johnson(Co-Founder & CTO)inMatt Wolff(Co-Founder & Chief AI Officer)inHasan Imam(Chief Executive Officer)inXinran Wang(Chief Technology Officer (formerly EVP of Engineering))in

Co-investorsArtisanal VenturesCraft VenturesDnx Venturesfama Ventures, LLCGreylock PartnersGV (Google Ventures)+6 more

Obsidianobsidiansensors.com

Obsidian Sensors develops thermal imaging sensors using MEMS technology to detect pedestrians and cyclists in vehicles, aiming to reduce nighttime collision fatalities.

Deep TechHardwareSan Diego, US

Sean Andrewsin

Co-investorsQualcomm Ventures

Odasevaodaseva.comin𝕏Jun 2024 · $54M

Odaseva provides data management, backup, and protection tools built for large enterprises running Salesforce at scale.

Data & InfrastructureEnterprise SoftwareSaaSSan Francisco, US

Sovan Bin(CEO and Founder)in

Co-investorsEight Roads VenturesF-Prime CapitalSerenaEurazeoSerena Capital

Performance Drone Workspdw.aiin𝕏

PDW is an American drone company that designs, engineers, and manufactures unmanned aerial systems and related software for defense and public safety customers, including the U.S. military and federal, local, and international public safety entities.

Defense TechHardwareRoboticsHuntsville, US

Ryan Gury(Founder)inMatt Higgins(Co-founder)inJames Slider(CEO)

Co-investorsRSE VenturesHanwha Asset ManagementBooz Allen VenturesLux CapitalStage 1 VenturesSQUADRA VENTURES

Predactivpredactiv.comin

Predactiv operates a data platform that ingests, unifies, and enriches data from multiple sources, using AI embeddings and agent-driven workflows to generate consumer insights, build audiences, and activate data across channels.

AdTechAI & Machine LearningData & Infrastructure

Dana(Chief Executive Officer)Chad Burns(Chief Financial Officer)Myha Trieu(Chief People Officer)Michael Gorman(Chief Product Officer)Huanjin Chen(Chief Technology Officer)

Co-investorsMercury Fund

Tekevertekever.comin

TEKEVER develops AI-driven autonomous systems and unmanned aerial vehicles for defense and security applications.

AI & Machine LearningDefense TechHardwareIoTRobotics

Co-investorsBaillie GiffordNATO Innovation FundVentura Capital

US Chemical Technologiesuschem.tech

US Chemical Technologies (USCT) supplies specialty materials and chemicals for the Aerospace & Defense sector, focusing on critical materials and processes for the U.S. industrial base.

Advanced ManufacturingDefense TechNew MaterialsWashington, US

David Glickman(Executive Officer, Director)inDan DePaoli(Chief Executive Officer)inIvo Ivanov(Chief Financial Officer)Jonathan Crandall(Chief Operating Officer)inChris Sahagun(Chief Technology Officer)inLisa Kemp(Head of Research & Development)in

Co-investorsConstruct Capital

Valar Atomicsvalaratomics.comin𝕏

Valar Atomics is developing and scaling high-temperature gas nuclear reactors for grid-independent applications including hydrogen production, data center power, and clean hydrocarbon fuel production.

CleantechDeep TechEnergySan Rafael, US

Isaiah Taylor(Founder & CEO)in

Co-investorsAlleyCorpAlumni VenturesBalaji SrinivasanBalerion Space VenturesBVVCContrary+14 more

Veil Global Techveil.globalin

VEIL provides watermark technology and data-as-a-service analytics platforms that help advertisers, agencies, publishers, and media companies measure campaign performance and advertising ROI across broadcast and digital channels.

AdTechData & InfrastructureMarketing TechMedia & EntertainmentSaaSSt. Louis, US

Brian Handrigan(Co-founder and CEO)inJeff Linihan(Co-founder and President)in

Vunglevungle.comin𝕏Aug 2018acquired by Liftoff

Vungle, part of Liftoff, provides mobile performance marketing, app monetization, and creative solutions built on Cortex, an AI/machine-learning growth platform.

AdTechAI & Machine LearningDeveloper ToolsMarketing TechMedia & EntertainmentSaaS

Zain Jaffer(CoFounder)inJack Smith

Co-investors500 GlobalAngelPadCrosslink CapitalEniac VenturesGV (Google Ventures)SHAKTI+9 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ECARXRobotic Research OpCo

Exits · 2

1 IPOs · 1 acquisitions

Energy VaultNYSE: NRGVVungleacq. by Liftoff

Portfolio news

latest coverage across their companies
Obsidian Raises $85 Million Series D to Scale AI Agent Security Growth

Obsidian · Obsidian Security (press release) · Aug 4, 2026

Fund performance · per public LP disclosures · 2

as of Dec 2025
FundVintageCommittedNet IRRTVPIDPI
Crescent Cove Capital IV, LPLPs: Ventura County Employees' Retirement Association2023—7.0%1.12x0.02x
Crescent Cove Opportunities Fund, L.P.LPs: Ventura County Employees' Retirement Association2022—16.6%1.51x0.10x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has CRESCENT COVE CAPITAL made?
CRESCENT COVE CAPITAL has 24 tracked investments, 2 of which have exited, including 4 dated in the last 24 months.
What stage does CRESCENT COVE CAPITAL invest at?
CRESCENT COVE CAPITAL invests at the Series B, Series C, Growth, Late Stage stages.
What sectors does CRESCENT COVE CAPITAL focus on?
CRESCENT COVE CAPITAL focuses on AdTech, Advanced Manufacturing, AI & Machine Learning, Climate Tech, Consumer, Cybersecurity, Data & Infrastructure, Deep Tech, Defense Tech, Energy, Enterprise Software, FoodTech, Healthtech, Mobility & Transportation, New Materials, Robotics, SaaS, Semiconductors.
Where is CRESCENT COVE CAPITAL located?
CRESCENT COVE CAPITAL is headquartered in San Francisco, US.
Does CRESCENT COVE CAPITAL lead rounds?
CRESCENT COVE CAPITAL has led 3 of the 7 rounds where its role is on record.
Who does CRESCENT COVE CAPITAL co-invest with?
CRESCENT COVE CAPITAL most often shares deals with Alumni Ventures, Contrary, Felicis Ventures, among 83 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Who is Crescent Cove Capital - Crescent Cove Advisor | Zain Jaffer & Jun Hong Heng Interview

Zain Jaffer · Jun Hong Heng

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