Floating Point

Floating Point is an early-stage venture capital firm based in New York and Boston, specializing in investing in complex sectors that often go overlooked by traditional venture strategies. Founded in 2021 by Eddie Segel and John Loser, both former Bridgewater investors and co-founders of Oscar Health, the firm aims to build companies that bridge technology with legacy industries. Floating Point manages over $150 million in assets, having closed its second fund in 2024 at $70 million. The firm’s portfolio includes notable companies such as Altana, which leverages AI for global trade, and Floodbase, focused on satellite-based flood detection for climate insurance. Their unique approach emphasizes long-term partnerships with founders, combining legacy assets with new technologies to compete in areas like healthcare, supply chains, and manufacturing. Floating Point’s team includes industry veterans like Evan Moore, co-founder of DoorDash, and Serkan Piantino, former head of Facebook AI Research, bringing deep expertise to their investments.