Coolwater Capital is a next-generation investment firm that launches and supports VC firms, investing early in the breakout companies they back.
Our Approach
Coolwater creates and invests in the next generation of venture capital firms. Our model emphasises deep partnerships with fund managers and early co-investment access to the companies they back.
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200+ investments
Majority of our capital is deployed via direct co-investments
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$5.5B+
raised by funds in our network
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150+
emerging managers backed since 2011
Approach
We help launch and scale VC firms with capital, infrastructure, and strategic support. In return, we earn early and privileged access to the next wave of generational startups.
Approach
By supporting the firms that support the founders, we build leverage across the venture value chain at the earliest and most impactful stage.
CAPITAL Accelerator
Coolwater’s Fund Manager Accelerator is an intensive, high-touch program that equips new and scaling fund managers with the tools, knowledge, and network to succeed.
Multi-month curriculum
100+ hours of advisory support
Modules taught by LPs and domain experts
Tier-One Spinouts
Top Operators Turned VCs
Deep Domain Specialists
300+
funds graduated
$5.5B+
raised by alumni
10,000+
startups backed by our GPs
Innovation Ecosystem Building Programs
Coolwater partners with governments, DFIs, corporations, and NGOs, non-profits, and ENFs to design, launch, and scale thriving venture ecosystems. Our bespoke Cluster programs are tailored to local market needs and can range from multi-day summits to multi-year ecosystem-building initiatives.
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Market assessment and stakeholder alignment
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Fund manager capacity building
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GP and LP education and activation
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Regulatory and structural support
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Integration into global VC networks
Innovation ecosystem case study
Coolwater has delivered multiple long training programs supporting Japanese fund managers. The initiative focused on international best practices, cross border collaboration and engagement , and institutional readiness, contributing to Japan’s broader innovation and capital markets strategy.
Ecosystem
300+
Japanese ecosystem stakeholders engaged
Cohort
31
Fund managers supported across multiple cohorts
2025
3x
Expansion of JETRO’s initiative
Portfolio
Coolwater invests in the firms shaping the future of venture capital and gains early access to the companies they back. We invest in strategic archetypes that reflect the core of our investment model and sourcing philosophy.
Former partners and principals from top-performing firms who are now launching new funds.
Successful operators and company builders transitioning into venture investing.
Domain experts deploying capital into frontier markets and emerging sectors.
Portfolio Access
Through long-term partnerships and trust, we gain privileged access to the highest-potential companies across our GP network, which allows us to co-invest early in top performing opportunities.
Team
Coolwater operates as an integrated platform led by seasoned professionals with experience across institutional investing, fund operations and management, investor relations, and global ecosystem design. Our team structure blends dedicated leadership with a network of functional specialists, enabling us to execute with precision while scaling impact across geographies.
Our team is structured around the key functions required to support fund managers, capital allocators, and ecosystem partners at scale.
Underwriting and portfolio construction
Syndication or direct investments
Create compliant, scalable investment platforms
Navigating firm building complexity
Guiding fundraising strategy and connectivity
Structuring accelerators and technical assistance
If you’re a fund manager, LP, or partner interested in working with Coolwater, reach out. We’ll make sure the right person follows up.