Deepwater Asset Management
21 N. Third Street #250, Minneapolis, MN, 55401, United States
Overview
Hedge fund manager investing in AI, machine learning, and robotics.
Founded
2017
Deals ยท 12mo
1
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
HEO | Sep 2026Participated | $26 MSeries B | |
Invisible | Sep 2025Participated | $100 MOther Equity | |
Infinity Constellation | May 2025Participated | $17 MOther Equity | |
CTGT | Feb 2025Participated | $7 MSeed | |
Affineon Health | Feb 2025Participated | $5 MSeed | |
Payman AI, Inc | Aug 2024Participated | $3 MSeed | |
Iconic.AI | Jul 2024Participated | $4 MSeed | |
Redwood Materials | Aug 2023Participated | $1.0 BSeries D | |
HEO | Sep 2026Participated | $26 MSeries B | |
Invisible | Sep 2025Participated | $100 MOther Equity | |
Infinity Constellation | May 2025Participated | $17 MOther Equity | |
CTGT | Feb 2025Participated | $7 MSeed | |
Affineon Health | Feb 2025Participated | $5 MSeed | |
Payman AI, Inc | Aug 2024Participated | $3 MSeed | |
Iconic.AI | Jul 2024Participated | $4 MSeed | |
Redwood Materials | Aug 2023Participated | $1.0 BSeries D |
Insights
Time horizon
View by
Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 0 | 4 |
| Series B | 0 | 1 |
| Series C+ | 0 | 1 |
| Other Equity | 0 | 2 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Aug '23 | 1 |
| Sep '23 | 0 |
| Oct '23 | 0 |
| Nov '23 | 0 |
| Dec '23 | 0 |
| Jan '24 | 0 |
| Feb '24 | 0 |
| Mar '24 | 0 |
| Apr '24 | 0 |
| May '24 | 0 |
| Jun '24 | 0 |
| Jul '24 | 1 |
| Aug '24 | 1 |
| Sep '24 | 0 |
| Oct '24 | 0 |
| Nov '24 | 0 |
| Dec '24 | 0 |
| Jan '25 | 0 |
| Feb '25 | 2 |
| Mar '25 | 0 |
| Apr '25 | 0 |
| May '25 | 1 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 0 |
| Sep '25 | 1 |
| Oct '25 | 0 |
| Nov '25 | 0 |
| Dec '25 | 0 |
| Jan '26 | 0 |
| Feb '26 | 0 |
| Mar '26 | 0 |
| Apr '26 | 0 |
| May '26 | 0 |
| Jun '26 | 0 |
| Jul '26 | 0 |
| Aug '26 | 0 |
| Sep '26 | 1 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| AI & Machine Learning | 5 |
| Enterprise Software | 4 |
| Networks, Cloud & Communication | 2 |
| Professional Services | 2 |
| Space & Frontier Tech | 2 |
| Hardware & Robotics | 1 |
| Fintech | 1 |
| Health & Life Sciences | 1 |
| Clean Energy & Sustainability | 1 |
| Gaming & eSports | 1 |
| Transportation & Logistics | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 2 |
| $5M-$10M | 2 |
| $10M-$25M | 1 |
| $25M-$50M | 1 |
| $50M-$100M | 0 |
| $100M-$250M | 1 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 1 |
Deals By Geography
Top 3 of 3 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| United States | 6 |
| Australia | 1 |
| Europe | 1 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| B&Y Venture Partners | 2 |
| Backed | 2 |
| Freestyle Capital | 2 |
| Acrew Capital | 1 |
| AI Fund | 1 |
| AirTree Ventures | 1 |
| Atomico | 1 |
| Beaten Zone Venture Partners | 1 |
| Benhamou Global Ventures | 1 |
| Boost VC | 1 |
| Capricorn Investment Group | 1 |
| Coinbase Ventures | 1 |
| Dcode Capital | 1 |
| Dumm Capital | 1 |
| FOV Ventures | 1 |
| General Catalyst | 1 |
| Goldman Sachs | 1 |
| Gradient Ventures | 1 |
| Green Park & Golf Ventures | 1 |
| Greycroft | 1 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 0 | 0% |
| Participating | 8 | 100% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 0 | 0% |
| Co-led | 0 | 0% |
Lead dynamics requires at least one led deal in this range