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    Watertower Ventures logo

    Watertower Ventures

    Los Angeles, California, United StatesFounded 2017
    www.watertowerventures.comLinkedIn
    ConsumerEnterprise SoftwareAI

    Watertower Ventures is a pre-seed and seed stage venture capital fund founded in 2017, investing in visionary founders building businesses for the connected consumer and evolving enterprise. Based in Los Angeles, the firm leads and co-leads rounds with initial check sizes from $500K to $2M, allocating up to $5M per investment.

    Their most common stage is seed (71% of deals). Average disclosed round size is $4.6M (across 6 rounds with reported amounts).

    Find people at Watertower Ventures on Goldilocks AI

    Portfolio

    6

    Fund Size

    $50M

    Top Stage

    Seed

    Last 12 Mo

    0

    Team

    Derek Norton

    Derek Norton

    General Partner • AI for Media • Supply Chain & Logistics, Blockchain • AI Consumer Transformation • Commerce Enablement

    Jeremy Milken

    Jeremy Milken

    General Partner • Capital Markets Infrastructure • FinTech • Payments • AI Enterprise Optimization

    Caro Scalercio

    Caro Scalercio

    Venture Partner • AI Infrastructure • AdTech • AI for Media • Marketplaces

    Idan Levy

    Idan Levy

    Partner • AI Enterprise Optimization • Financial Technologies • Manufacturing / Industrials • Cybersecurity

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    7 investments
    CompanyRoundAmountDate
    DocJuris logoDocJurisSeries A$8MOct 2024
    Bubblehouse logoBubblehouseSeed—May 2022
    ADWAY logoADWAYSeed$6MJul 2021
    Gameclub logoGameclubSeed$2.5MMay 2019
    Gameclub logoGameclubSeed$2.5MJan 2019
    Lensabl logoLensablSeed$3.7MOct 2018
    Wondery logoWonderySeries A$5M—

    Top Co-Investors

    GFR Fund2 shared
    Birchmere Ventures1 shared
    Cherry Tree Investments1 shared
    Amplify Partners1 shared
    APEX Ventures1 shared
    Luma Launch1 shared
    Bessemer Venture Partners1 shared
    Surface Ventures1 shared
    Silverton Partners1 shared
    Third Kind Venture Capital1 shared
    Torch Capital1 shared
    SV Angel1 shared
    Kima Ventures1 shared
    Revel Partners1 shared
    Upfront Ventures1 shared
    Inflection1 shared
    Awesome People Ventures1 shared
    BDMI1 shared
    Advancit Capital1 shared
    Greycroft1 shared

    Last updated: 8 September 2026