/Investor DB

Deepwater Asset Management

Crossover fund

Minneapolis · Seed–Late Stage · 6 people tracked

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Investment thesis

Deepwater invests in transformative technologies and the companies driving them across public and private markets. On the private side it backs early-stage, visionary founders building the next wave of innovation and partners with high-growth late-stage companies ready to scale, providing capital, strategic insight, and long-term partnership with an emphasis on resilience, clarity, and operational excellence. Its public equities strategy tracks companies driving technological transformation in areas such as artificial intelligence, fintech, robotics, autonomous vehicles, and virtual or augmented reality. The firm emphasizes deep fundamental analysis and forward-looking insight to identify high-quality businesses built for lasting growth.

Source: firm website, verified Oct 2, 2026.

Stage
Seed–Late Stage
HQ
Minneapolis, US
Instruments
Equity
AUM
$625M
Tracked investments
47
Unicorns
4
IPOs
2
Acquisitions
2

Team · 6 people

from the firm's website

What they invest in

from 40 of 47 portfolio companies

AI & Machine Learning ×22Enterprise Software ×13SaaS ×9Deep Tech ×8Developer Tools ×6Hardware ×6Healthtech ×6Data & Infrastructure ×5

HQs:United States×29Mexico×1Netherlands×1

Investments · 47 tracked

founders shown can be your intro path
SpaceXspacex.comNASDAQ: SPCX

Revolutionizing space technology to make life multi-planetary

Hawthorne, US

Elon Musk(Founder, CEO & Chief Engineer)inBret Johnsen(Executive Officer)inGwynne Shotwell(Executive Officer, Director)

BoardAntonio Gracias(Director)inSteve Jurvetson(Director)inDonald Harrison(Director)

Co-investors1/1 Capital137 Ventures1802 Ventures2080 Ventures3Spoke Capital4DX Ventures+191 more

Unity Technologiesunity.comin𝕏NYSE: U

Unity is a cross-platform real-time development engine and creation platform used by content creators and developers to build games and interactive experiences for mobile, PC, console, and extended reality (XR) devices.

AdTechCreator EconomyDeveloper ToolsEnterprise SoftwareGamingSan Francisco, US

David Helgason(Co-founder & CEO 2004–2014)inJoachim Ante(Co-founder & CTO 2004–2023)Nicholas Francis(Co-founder & Chief Creative Officer 2004–2013)inMatthew Bromberg(CEO and President)in

Co-investorsEdge VCEQUIAMEvolution VC PartnersGP BullhoundiGlobe PartnersInterlace Ventures+15 more

AbstractOpsabstractops.comin

AbstractOps offers software that automates and manages multi-state compliance for companies, backed by a team of compliance experts who process submissions.

Enterprise SoftwareFuture of WorkLegalTechSaaS

Kristin Thrashin

Co-investorsFjor FoundersFlucas VenturesHustle FundLoup VenturesOutsidersThe MBA Fund+4 more

Affineonaffineon.comin

Affineon Health builds automation tools for healthcare providers and care teams, reducing administrative and tedious tasks so clinicians can focus on patient care.

AI & Machine LearningDigital HealthHealthtech

Ryan Van Wert(Physician Executive / Co-founder)inEvan(Executive (former COO Zus Health, CPO Codametrix, CPO Innovaccer))Tony(CTO)Dan(CFO & COO)Abid Siddiqui(Chief Operating Officer)in

Co-investorsAI FundBenhamou Global VenturesCity LightHeadwater VenturesLoup VenturesSignal Peak Ventures+1 more

Antora Energyantora.comin𝕏

Antora manufactures thermal battery systems for long-duration energy storage, serving manufacturers and data centers seeking to tap into low-cost renewable power.

CleantechClimate TechEnergyEnterprise SoftwareFintechHardwareImpact & Social GoodNew MaterialsSunnyvale, US

Andrew Ponec(Chief Executive Officer, co-founder)inDavid BiermaninJustin BriggsinDavid Bierman, Ph.D.(Chief Commercial Officer, co-founder)Justin Briggs, Ph.D.(Chief Operating Officer, co-founder)Alfred Johnson(CEO & Co-Founder)

Co-investorsAndreessen HorowitzBlackRockTemasekBreakthrough Energy VenturesCongruent VenturesCreative Destruction Lab (CDL)+18 more

Backpackbackpackbang.com

Backpack is a peer-to-peer platform that connects travelers with shoppers, allowing travelers to earn money by purchasing and transporting items abroad while shoppers access products from overseas at lower costs by avoiding traditional shipping.

ConsumerMarketplacesNew York City, US

Fahim Aziz(Founder/CEOM)in

Co-investorsLoup VenturesY CombinatorCollab CapitalGenius GuildHopelabPACE Healthcare Capital+3 more

Braidbraidbrowser.com

Braid is a multiplayer web browser that lets people work together on the web without chat or video, and it applies AI to enable prompt-free delegation so humans and machines can work side by side.

AI & Machine LearningConsumerFuture of Work

Co-investorsLoup VenturesLux Capital

Bumblebeebumblebeespaces.comin

Robotics furniture startup designed to change the way of living.

Co-investorsBloomberg BetaCanaan PartnersLoup VenturesSurf Club VCUpHonest CapitalValor Equity Partners+6 more

Catchcatch.coin𝕏Acquired

Catch provides automated financial management and benefits solutions for independent workers and freelancers, handling tax withholding, retirement savings, and health insurance enrollment without relying on traditional employer-provided benefits.

FintechHealthtechInsurTechNew York City, US

Andrew Ambrosino(Founder)in

Co-investorsArdent VentureCrosslink CapitalKube VCLoup VenturesPrehypeY Combinator+17 more

Chiefgetchief.comin

Chief is a predictive sales analytics platform that analyzes deal behavior and pipeline health to help CROs and sales managers identify risks early and forecast revenue with high accuracy.

AI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing TechSaaSSales Tech

Co-investorsDundee Venture CapitalLoup VenturesService Provider CapitalYork IE

Coco Deliverycocodelivery.comin𝕏

Coco operates a robot delivery service using human-piloted sidewalk robots to deliver meals, groceries, and other goods in urban environments.

AI & Machine LearningCleantechLogistics & Supply ChainRoboticsLos Angeles, US

Zach Rash(Co-Founder and CEO)inBrad Squicciarini(Co-Founder and CTO)in

Co-investorsY CombinatorBBQ CapitalKnockout CapitalLoup VenturesMetaPropMetaProp Ventures+3 more

CRAFT Educationcraft-education.nlin

CRAFT Education develops educational materials and training solutions for technical and technology education, serving schools and businesses with customized learning programs and curricula.

Advanced ManufacturingEdTechEnterprise SoftwareDeurne, NL

Co-investorsLoup Ventures

CTGTctgt.aiin𝕏Seed

CTGT develops a governance layer for AI systems that enables direct intervention at the neural network representation level to ensure reliable, policy-aligned AI behavior for enterprises.

AI & Machine LearningData & InfrastructureDeep TechEnterprise SoftwareSan Francisco, US

Cyril Gorlla(Founder)inTrevor Tuttle(Founder)in

Co-investorsGradient VenturesKeshif VenturesLoup VenturesSterling RoadTranspose Platform ManagementY Combinator+7 more

Databricksdatabricks.comin𝕏

Databricks provides a unified platform for data engineering, analytics, and artificial intelligence, enabling organizations to build and deploy data and AI applications on cloud infrastructure.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSan Francisco, US

Ali Ghodsi(Co-founder & CEO)inIon Stoica(Executive Officer, Director, Promoter)inMatei Zaharia(Executive Officer, Director, Promoter)inReynold Xin(Founder)inPatrick Wendell(Founder)inAndy Konwinski(Founder)in

Co-investors137 VenturesA.Capital VenturesAglae VenturesAlkeon InnovationAlpha Square GroupAltra Venture+104 more

Digsdigs.comin𝕏

Digs offers an AI-powered platform for custom home builders to manage construction projects from pre-construction through warranty, centralizing plans, specs, selections, and documents in one place.

AI & Machine LearningConstruction TechPropTechSaaSVancouver, US

Ryan Fink(Co-founder)inTy Frackiewicz(Co-founder)inJef Holove(Executive Officer)in

BoardAbe Cohen(Director)Tyler Williams(Director)

Co-investorsBetaworksFlying Fish VenturesFUSELegacy Capital VenturesLong Way VenturesLoup Ventures+4 more

Early-Stage Exitmasterworks.comin𝕏

Co-investorsLoup Ventures

Fastinofastino.aiin𝕏

Fastino is an applied research lab developing specialized small language models and APIs for structured data extraction, classification, reasoning, and production AI workflows.

AI & Machine LearningData & InfrastructureDeveloper ToolsPalo Alto, US

Ashley Lewis(Executive Officer, Director)Ash Lewis(Cofounder)inGeorge Hurn-Maloney(Founder)in

BoardGeorge Mathew(Director)in

Co-investorsLoup VenturesM12 (Microsoft's Venture Fund)Dropbox VenturesInsight PartnersKhosla VenturesNew Enterprise Associates (NEA)+1 more

Frame Paymentsframepayments.comin𝕏

Frame provides integrated payment processing, compliance, and fraud prevention tools for high-compliance merchants.

Enterprise SoftwareFintechSaaSAustin, US

Co-investorsBoro CapitalLoup VenturesTechstars

Galvanickgalvanick.comin𝕏

Galvanick provides operational security solutions to protect critical infrastructure and industrial systems.

Advanced ManufacturingCybersecurityDefense TechIoT

Joshua Steinman(Co-founder & CEO)inBrandon Park(Co-founder & CTO)inFeliks Pleszczynski(Co-founder & COO)

Co-investorsAlumni VenturesChampion Hill VenturesLoup VenturesMaC Venture CapitalRavelin CapitalShrug Capital+8 more

GETASAPgetasap.usin

GetASAP supplies same-day fresh produce to restaurants and retailers, powered by AI-driven demand forecasting and freight brokerage technology.

AI & Machine LearningEnterprise SoftwareFoodTechLogistics & Supply ChainSan Francisco, US

Raghav Arora(Founder)inPranavkrishna Suresh(Founder)in

Co-investorsChapter OneLoup VenturesPioneerPrana Tech VenturesScribble VenturesTranspose Platform Management+3 more

Hydra Hosthydrahost.comin𝕏

Hydra develops Brokkr, an operating system that enables independent data centers to operate AI Factories by providing shared infrastructure, customer access, and monetization tools on a unified network.

AI & Machine LearningCloud ComputingMiami, US

Aaron Ginn(CEO)inAriel Deschapell(Executive Officer)inGarrett Johnson(Executive Officer, Director)in

BoardSteve Jang(Director)in

Co-investorsAccelerator VenturesComcast VenturesDisruptive VenturesGraph VenturesHustle FundKindred Ventures+12 more

Iconic Gamesiconicgames.ioin𝕏

Iconic Games builds real-time AI systems for gameplay and interactive storytelling, creating game characters that listen, react, and evolve with the player.

AI & Machine LearningGaming

Andrew Bowell(CEO)inJohn Lusty(President)inMikel Bober-Irizar(CTO)inDr. Borja G. Leon(Chief Scientist)Johnny Venables(CPO)inMartin Connor(CCO)in

Co-investorsKindred VenturesLoup VenturesAtomicoSequoia Capital

Inner Cosmosinnercosmos.aiin

Inner Cosmos develops a minimally invasive brain-computer interface, described as a "digital pill," aimed at treating depression.

Deep TechDigital HealthMedical DevicesMental HealthScotts Valley, US

Meron Gribetz(Executive Officer)in

Co-investorsAIR CapitalBrainstorm VenturesKrillion VenturesLool VenturesLoup VenturesStarlight Ventures

Intelligent Alphaintelligentalpha.co

Intelligent Alpha operates an AI-powered investment platform that constructs equity portfolios using frontier AI models to analyze global equities across qualitative and quantitative factors.

AI & Machine LearningFintech

Co-investorsLoup Ventures

Invisible Technologiesinvisibletech.aiin𝕏

Invisible builds AI systems embedded into enterprise operations and workflows, focusing on integrating AI infrastructure into existing business processes rather than deploying standalone software solutions.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of WorkSaaSSan Francisco, US

Francis Pedraza(Founder)inJay Kumar(Founder)inMatt Fitzpatrick(Chief Executive Officer)inRicardo Pedraza(Executive Officer)Kamron J Palizban(Executive Officer)Marshall Sutherland(Executive Officer)

Co-investorsAcrew CapitalBackedBY Venture PartnersDay One VenturesGolden Gate VenturesGreycroft+7 more

Levels Healthlevels.com

Levels is a metabolic health app that helps users monitor how diet and lifestyle affect their body through glucose tracking, meal logging, and personalized health data analysis.

Digital HealthHealthtechWellness & FitnessNew York, US

Sam Corcos(Founder)inJoshua Clemente(Director)

Co-investorsAlumni VenturesAndreessen HorowitzBreyer CapitalCleo CapitalFounder CollectiveFour Acres Capital+7 more

Neurable Inc.neurable.comin𝕏

Neurable develops brain-computer interface (BCI) technology via smart headphones designed to enhance employee focus, productivity, and well-being in corporate settings.

AI & Machine LearningDeep TechHardwareHealthtechHR TechAnn Arbor, US

Dr. Ramses Alcaide(Co-Founder & CEO)Michael Thompson(Executive Officer)inAdam Eizenberg-Molnar(Co-Founder & COO)

Co-investorsCapital FactoryCorteza CapitalFront Row FundFundersClubGlobal BrainGoAhead Ventures+14 more

Not Diamondnotdiamond.ai

Not Diamond provides an intelligent model router for coding agents that predicts which language model to use for each input, aiming to reduce inference costs while maintaining accuracy.

AI & Machine LearningDeveloper ToolsEnterprise Software

Jeffrey Akiki(Founder)in

Co-investors640 OxfordAmbush CapitalCapital B Private HoldingsDefy PartnersInovia CapitalKarman Ventures+5 more

Nuwa Pennuwapen.comin𝕏

Nuwa Pen is a smart pen that captures handwritten notes from any paper using advanced camera and sensor technology, then converts them to searchable, editable digital text.

AI & Machine LearningConsumerHardwareSaaS

Co-investorsLoup VenturesUntapped Capital

OCNonecarnow.comin

OneCarNow (OCN) offers a car subscription service that lets customers get a new car for the medium or long term through a fully digital experience, bundling everything except gasoline.

CleantechConsumerMarketplacesMobility & Transportation

Co-investorsBlustone CapitalCaravela CapitalCollide CapitalGreat North VenturesInformed Ventures Advisors, LlcLoup Ventures+3 more

Outrider Technologiesoutrider.aiin𝕏

Outrider develops automated yard operations technology for supply chain logistics, focusing on improving efficiency, safety, and sustainability through autonomous equipment and yard management systems.

CleantechLogistics & Supply ChainRoboticsBrighton, US

Andrew F. Smith(Executive Officer, Director, Promoter)inRobert Hall(Executive Officer)Paul Sung Cha(Executive Officer)in

BoardByron Knight(Director)Mark Norman(Director)inAaron Jacobson(Director)in

Co-investors8VCFraser McCombs CapitalInterwoven VenturesKoch Disruptive TechnologiesLoup VenturesNew Enterprise Associates (NEA)+5 more

Paradromicsparadromics.comin𝕏

Paradromics develops a brain-computer interface (BCI) system, with FDA Breakthrough Device Designations for speech decoding and digital device control, and works with academic medical institutions on translational BCI research.

BiotechDeep TechHealthtechMedical DevicesAustin, US

Matt Angle(Founder and CEO)in

Co-investors15th RockAlpha EdisonAnthropy PartnersATEL VenturesCapital FactoryCloudStone Capital+24 more

Paymanpaymanai.comin𝕏

Payman provides an orchestration layer that lets AI agents move money while meeting the security, compliance, and control standards used by banks and financial institutions.

AI & Machine LearningEnterprise SoftwareFintechSaaSDurango, US

Tyllen Bicakcic(CEO)in

BoardPrashanth Pillareddy(Director)

Co-investorsAlumni VenturesAmbush CapitalCoinbase VenturesLoup VenturesMirana VenturesUntapped Capital+1 more

Rain AIrain.aiin

Rain AI develops energy-efficient hardware specifically designed for artificial intelligence workloads.

AI & Machine LearningDeep TechHardwareSemiconductors

Jack Kendall(Co-Founder and CEO)in

Co-investorsAirbus VenturesGREP VCLiquid VenturesSam AltmanY CombinatorLoup Ventures+8 more

Redwood Materialsredwoodmaterials.comin𝕏

Redwood Materials deploys large-scale energy storage systems for data centers and grid power while recycling batteries to recover critical minerals like lithium, nickel, cobalt, and copper as a domestic source of these materials.

Circular EconomyEnergyNew MaterialsCarson City, US

JB Straubel(Founder & CEO)inKevin Kassekert(Executive Officer)Jason Thompson(Executive Officer)in

BoardDavid Danielson(Director)in

Co-investorsBreakthrough Energy VenturesCoatue ManagementCollaborative FundCollective LiquidityCongruent VenturesEclipse Ventures+20 more

Rune Labsrunelabs.ioin𝕏

Rune Labs develops software for processing clinical brain data to improve patient care and support clinicians and researchers in treating brain disease.

Data & InfrastructureDigital HealthHealthtechSan Francisco, US

Brian Pepin(Executive Officer, Director)in

BoardJordi Parramon(Director)Florian Haupt(Director)inDavid Kim(Director)inJustin Butler(Director)in

Co-investorsCarnrite VenturesCity LightDaybreak PartnersDigiTx Partners LLCLoup VenturesMoment Ventures, Llc+4 more

Spruce Labssprucelabs.aiin𝕏

Spruce Labs provides AI-configured engineering systems for non-technical founders to build and ship software without hiring engineers or technical cofounders.

AI & Machine LearningDeveloper ToolsSaaSDenver, US

Co-investorsLoup VenturesTechstars

Stone Powerstonepower.usin𝕏

Stone designs and manufactures power generation turbines from the ground up, starting with natural gas turbines shipping in 2027, followed by steam, geothermal, and advanced cycles.

Advanced ManufacturingDeep TechEnergyHardware

Co-investorsLoup Ventures

Uhnderuhnder.com

Uhnder builds a software-defined digital imaging radar-on-chip (RoC) that detects and tracks the height, speed, and distance of objects at high frame rates while mitigating radar interference and spoofing.

HardwareMobility & TransportationSemiconductorsAustin, US

Curtis Davis(Founder)in

Co-investorsLoup VenturesQualcomm VenturesSagitta Family OfficeTDK VenturesACME CapitalLockheed Martin Ventures

VeriSIM Lifeverisimlife.comin𝕏

VeriSIM uses machine learning and computational simulation to accelerate drug development, replacing traditional trial-and-error experimentation with computational prediction to improve success rates and reduce animal testing.

AI & Machine LearningBiotechDigital HealthMedical DevicesSan Francisco, US

Jo Varshney(Founder & Chief Executive Officer)inDr. Vivek Gupta, Ph.D.(Scientific Co-Founder)

Co-investorsAmplify PartnersCerity Partners VenturesColorcon VenturesIntel CapitalLoup VenturesOCA Ventures+7 more

WETHOSwethos.co

Wethos is an all-in-one software platform that helps freelancers and small creative studios manage their businesses through tools for pricing, proposal creation, invoicing, and payments.

Creator EconomyFuture of WorkSaaS

Summer Lambert(Founder)Rachel Renock(Founder)in

Co-investors27V (Twenty Seven Ventures)Backbone AngelsClocktower VenturesFlybridge Capital PartnersGFT VenturesLoup Ventures+12 more

xAIx.ai𝕏acquired by SpaceX · Feb 2026 · $250B

x.ai builds frontier AI reasoning models, real-time voice AI, and generative media systems.

AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwarePalo Alto, US

Yuhuai (Tony) Wu(Founder)inDennis Mortensen(Executive Officer, Director)Alex Poon(Director)Greg Yang(Founder)inGuodong Zhang(Founder)inIgor Babuschkin(Founder)in

Co-investors7percent VenturesAbstract VenturesAccess Ventures (New York)Aglae VenturesAmity VenturesAndreessen Horowitz+60 more

Xwingxwing.com

Xwing, an autonomous aviation company, is now part of Joby Aviation.

AI & Machine LearningDeep TechMobility & TransportationSan Francisco, US

Marc Piette(Executive Officer, Director)in

BoardDhiraj Singh(Director)

Co-investorsACME CapitalBlackhorn VenturesEniac VenturesLoup VenturesUnlessAlven+3 more

Other

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

Dash ShippingPlanSkupos

Exits · 4

2 IPOs · 2 acquisitions · showing 3

SpaceXNASDAQ: SPCXUnity TechnologiesNYSE: UxAIacq. by SpaceX

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Deepwater Asset Management made?
Deepwater Asset Management has 47 tracked investments, 4 of which have exited.
What stage does Deepwater Asset Management invest at?
Deepwater Asset Management invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does Deepwater Asset Management focus on?
Deepwater Asset Management focuses on AI & Machine Learning, Enterprise Software.
Where is Deepwater Asset Management located?
Deepwater Asset Management is headquartered in Minneapolis, US.