Deviation Capital

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

Bullish Signals

$2B AUM, 79 active portfolio cosblog

Fully independent, fresh brand identityblog

WHOOP, Remote, Kalshi portfolio winsblog

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

Founder Don'ts

No non-technical founders

Avoid late-stage deals

Skip consumer-only plays

Key GPs & Partners

Colin Beirne

Managing Partner

metrics-driventhesis-drivenex-founder

Dusan Perovic

Managing Partner

hands-onpatient-capitalthesis-driven

Jonathan Golden

General Partner

fast-moverhands-onopinionated

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Fund Overview

Fund Size$2B

Saves0

Website

Key People

Colin BeirneManaging Partner

Dusan PerovicManaging Partner

Jonathan GoldenGeneral Partner