Floodgate
820 Ramona Street, Suite 200, Palo Alto, CA, 94301, United States
Overview
Floodgate Fund is a venture capital firm that focuses on early stage investments in technology companies. It was founded in 2006 and is headquartered in Palo Alto, California.
- Total investments
- 205
- Lead investments
- 51
- Investments · 12mo
- 5
- Active investors
- 8
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- EFEX
Led · Seed · Feb 2026
EFEX offers a treasury and cross-border payments platform that lets mid-market businesses open multi-currency accounts, collect funds in local currency across 31 countries, and send transfers to more than 140 destinations. The service consolidates individual, bulk, and forward transfers under a single interface regulated by Mexico’s CNBV. In 2025 the company processed over US$1 billion in payment volume and achieved a six-fold increase in revenue, demonstrating strong traction ahead of its latest raise. Founded by Dimitri Zaninovich and Santiago Bustamante, EFEX maintains headquarters in both Mexico and the United States. The firm plans to channel new capital into integrating artificial intelligence across its operational infrastructure and accelerating growth along the high-volume Mexico-U.S. trade corridor. Near-term, EFEX aims to become Mexico’s default corporate treasury platform, while longer-term it intends to remove friction for internationally expanding firms in sectors such as automotive, manufacturing, and food and beverage.
- Wavedash
Led · Seed · Dec 2025
Wavedash has built a web-based gaming platform that eliminates lengthy downloads and updates by running games locally in the browser through WebAssembly and WebGPU. The service supports Chrome, Edge, Safari, and Firefox and emphasizes social play with link-based multiplayer invites that let friends join a session via a simple URL. Its storefront currently features Parking Garage Rally Circuit DX, a retro arcade-style racer playable in both real-time multiplayer and split-screen modes. Co-founders Kyler Blue (CEO), Raymond (George) Kennedy, and Matt Portner created the company after years of frustration with traditional PC game distribution. By leaning on the widespread availability of powerful chips and modern browsers, Wavedash aims to redefine how players access and share games. The company has raised a $4.3 million seed round to accelerate development and public rollout of the platform. No user or revenue figures have been disclosed.
- Coolant
Led · Seed · Oct 2025
Coolant, a spin-out from MIT’s Climate and Energy Ventures, builds a Spatial AI platform that turns inexpensive commercial drone imagery into high-resolution 3D reconstructions of forests, farmland, coastlines and other economically critical landscapes. Its proprietary spatio-temporal model delivers actionable insights such as inventory, risk analysis, forecasting and optimized land-management strategies to farmers, conservation groups, forest managers and public agencies. The company’s technology is already deployed in 14 countries and is supporting projects like a 1,500-acre mangrove restoration in Puerto Rico with The Ocean Foundation’s Blue Resilience Initiative. By continually collecting drone scans, Coolant aims to assemble the world’s largest spatial dataset and eventually map every centimeter of the Earth’s surface. This ambitious data capture plan is intended to unlock richer, real-time ecosystem intelligence and broaden the platform’s commercial use cases across transportation, robotics and manufacturing. Financially, Coolant has secured $4.3 million in total Pre-Seed and Seed funding to accelerate product development and global expansion. No revenue or user figures were disclosed in the article, but the capital provides runway for scaling data collection and advancing its 3D reconstruction models.
- Magic
Participated · Seed · Oct 2025
Magic is a New York City–based company building AI that bridges digital personalization with real-world service. Its flagship product, Loyalist, unifies a restaurant’s reservations, point-of-sale, private event, and social media data into a single, real-time CRM used for marketing, review management, reporting, and guest insights. The platform enables operators to recall preferences like favorite dishes or seating choices and to target guests with tailored invitations or promotions. Loyalist already handles tens of millions of guest interactions each year across hundreds of venues representing more than $2 billion in guest spend, and the company reports revenue growth of over 10× in the past 12 months. Clients include Major Food Group, Momofuku, Le Bernardin, COTE, and The Dinex Group. With fresh capital, Magic plans to grow its team and extend its AI offerings into adjacent hospitality sectors such as hotels, retail, real estate, and wellness. Founder and CEO Maggie Tang draws on deep operational experience in the service industry to guide product development. Magic’s mission is to infuse authentic human connection into every in-person experience through data-driven intelligence.
- Bluejay
Led · Seed · Aug 2025
Bluejay provides a platform that stress-tests AI voice and text agents by simulating synthetic customers with varied languages, accents, and background noise. The platform claims it can simulate a month’s worth of customer interactions in minutes to rapidly surface weaknesses. It also offers observability tools to monitor ongoing agent performance. The startup graduated from Y Combinator’s Spring 2025 batch and operates from a San Francisco "hacker house" run by its young founders, who left Amazon and Microsoft. Bluejay reports early traction with Fortune 500s and startups and positions itself as a "multi-modal trust layer" for AI agents. The company plans to use its recent funding to hire developers, researchers, and sales staff as it scales.