Overwater Ventures is a new $20 million fund.
Overwater Ventures is a new $20 million fund.
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Overwater Ventures raises $20M debut VC fund

  • Posted byby Dean Takahashi
  • Updated
  • 4 min

Overwater Ventures, started by a veteran from Andreessen Horowitz, announced it raised $20 million for its debut venture capital fund yesterday.

Based on last night’s report from Pitchbook and the National Venture Capital Association, this was actually an anomaly. In the midst of the economic downturn, limited partners are putting less money into venture capital funds. It’s also an anomaly in that this first fund was started by a woman, Kristina Simmons, who previously worked at A16z and Khosla Ventures. Women founders are rare in tech, and even more rare in the venture capital industry.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.