Fund profile / United States

Deviation Capital

Geography
United States
Stage
Seed
Fund size
$2B
Focus
AI/ML, Data Infrastructure, Deep Tech and Enterprise Software
Signals
Published
Share
N°01 / About

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.

N°02 / Thesis

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 scaling biometric data → consumer-enterprise health

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

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 unlocks health potential, elite-to-everyday marketsexternal
WHOOP translating biometric data into actionable insightswebsite

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
B2C2B models unlock athlete-to-mass adoption

Founder Don'ts

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

21 signals on Deviation Capital

6 bullish · 2 contrarian · 7 pitch do's · 3 don'ts · 3 GP profiles, each with its source. From €9/month, cancel anytime.

Facts

Fund Overview

Fund Size$2B
Saves0
People

Key People

Colin BeirneManaging Partner
Dusan PerovicManaging Partner
Jonathan GoldenGeneral Partner
N°04 / See also

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