Deviation Capital

United States
Seed
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About Deviation Capital

Deviation Capital (formerly Two Sigma Ventures) is an independent early-stage VC firm with ~$2B AUM, 79 active portfolio companies including WHOOP, Remote, Xaira, Kalshi, Gameto, and Etched. Founded by Colin Beirne, Dusan Perovic, Sidney Costabile, and former NEA partner Jonathan Golden. Focuses on technical founders building data and compute-native companies at Seed and Series A with continued access to Two Sigma's senior technical talent.

Investment Focus

Location / RegionUnited States
Funding StageSeed
Industry Focus
Ai Ml
Data Infrastructure
Deep Tech
Enterprise Software

Investor Signals Profile

active

Sweet Spot

Technical founders building data and compute-native companies

data-native companies
compute infrastructure
AI/ML
deep tech
enterprise software
health insights

Bullish Signals

$2B AUM, 79 active portfolio cosblog
Fully independent, fresh brand identityblog
WHOOP, Remote, Kalshi portfolio winsblog
WHOOP scaling biometric-data insights globallyexternal
WHOOP translates biometric data into actionable health insightsexternal

Contrarian Signals

Rebrand risk, name recognition resetblog
Narrow technical-founder thesisblog

Founder Do's

Technical founder with data edge
Seed or Series A stage
Access Two Sigma senior talent
Build compute-native products
Leverage biometric/health data infrastructure
Scale consumer-to-enterprise health tech

Founder Don'ts

No non-technical founders
Avoid late-stage deals
Skip consumer-only plays

Key GPs & Partners

CB
Colin Beirne
Managing Partner
metrics-driventhesis-drivenex-founder
DP
Dusan Perovic
Managing Partner
hands-onpatient-capitalthesis-driven
JG
Jonathan Golden
General Partner
fast-moverhands-onopinionated

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Fund Overview

Fund Size$2B
Saves0

Key People

Colin BeirneManaging Partner
Dusan PerovicManaging Partner
Jonathan GoldenGeneral Partner

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