The venture capital firm Watershed focuses on early-stage and emerging growth investments across the United States, backing entrepreneurs who are creating pivotal changes in foundational industries and issues, with a particular emphasis on healthcare and digital health. Their strategy involves identifying promising opportunities, reducing risk, and maximizing return on investment for these early-stage businesses.
50% of their portfolio is in Fintech. They made 2 investments in the last 12 months. Their most common stage is series-a (50% of deals). Average disclosed round size is $31.9M (across 3 rounds with reported amounts).
Portfolio
4
Fund Size
—
Top Stage
Series A
Last 12 Mo
2
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
4 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| SSokin | Series C | $50M | Dec 2025 |
 Penguin Ai | Series A | $29.7M | Sep 2025 |
 Healthie | Series A | $16M | Jul 2022 |
| SSokin | Series B | — | — |
Top Co-Investors
Morgan Stanley Expansion Capital2 shared
Velvet Sea Ventures1 shared
GreyMatter Capital1 shared
Builders VC1 shared
Prysm Capital1 shared
Greycroft1 shared
UPMC Enterprises1 shared
Semper Virens1 shared
Snowflake1 shared
Manchester Story1 shared
Overwater Ventures1 shared
Last updated: 4 May 2026