Watertower Ventures Management, LLC
Emerging managerSEC exempt reporting adviser (private fund adviser exemption, under $150M).
- HQ
- CA
Watertower Ventures Management is a venture firm whose stated thesis is first check capital for founders, from founders. The team lists partners and general partners focused on areas such as AI enterprise optimization, financial technology, payments, and cybersecurity, plus several venture partners and scholars. Portfolio companies named include PACTFI, Entrilia, Intro, KeySquare, and Mothership.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Pre-seed, Seed | Not enough dated deals | Seed |
| Sectors | AI infra, AI applications, Enterprise SaaS, Consumer, Media | Not enough dated deals | Ecommerce, Media, Consumer |
| Regions | Global | Not enough dated deals | CA |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2017 | 3 | Consumer, Ecommerce, Hardware |
| 2018 | 4 | Ecommerce, Media, Consumer |
| 2019 | 11 | Ecommerce, Enterprise SaaS, Media |
| 2020 | 1 | Media |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2017 | 1 | 1 | 0 | 0 | 0 |
| 2018 | 0 | 3 | 1 | 0 | 0 |
| 2019 | 1 | 8 | 0 | 1 | 0 |
| 2020 | 0 | 1 | 0 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Watertower Ventures Early Access Fund III, L.P. Watertower Ventures makes first check investments in founders, led by people who have built companies themselves. The firm pairs capital with operational experience, a network of decision makers, and ongoing relationships with mission-driven founders building category-defining companies. Inferred from the firm's website | approx. 2025 | $100M (Form D) | Raising |
| Watertower Ventures Early Access Fund II, L.P. | approx. 2020 | $50M to $50.9M (Form D and SEC adviser filing) | Follow-ons only |
03 · People across funds
- Derek Norton, General Partner
Watertower Ventures Early Access Fund III, L.P. (Named on Form D); Watertower Ventures Early Access Fund II, L.P. (Named on Form D)
- Jeremy Milken, General Partner
Watertower Ventures Early Access Fund III, L.P. (Named on Form D); Watertower Ventures Early Access Fund II, L.P. (Named on Form D)
- Caro Scalercio, Venture Partner
Watertower Ventures Early Access Fund III, L.P. (Team); Watertower Ventures Early Access Fund II, L.P. (Team)
- Charlie Wasson, Ventureship Scholar
Watertower Ventures Early Access Fund III, L.P. (Team); Watertower Ventures Early Access Fund II, L.P. (Team)
- Idan Levy, Partner
Watertower Ventures Early Access Fund III, L.P. (Team); Watertower Ventures Early Access Fund II, L.P. (Team)
- Natalie Trice, Ventureship Scholar
Watertower Ventures Early Access Fund III, L.P. (Team); Watertower Ventures Early Access Fund II, L.P. (Team)
- Roshna Bahauddin, Ventureship Scholar
Watertower Ventures Early Access Fund III, L.P. (Team); Watertower Ventures Early Access Fund II, L.P. (Team)
- Tommy Wickersham, Data Scientist
Watertower Ventures Early Access Fund III, L.P. (Team); Watertower Ventures Early Access Fund II, L.P. (Team)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- http://www.watertowerventures.com
- https://form.typeform.com/to/uw81o6yv
- https://www.watertowerventures.com/companies
- https://www.watertowerventures.com/team
- https://www.watertowerventures.com/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026