Watertower Ventures is an early-stage venture capital firm based in Beverly Hills, California, founded in 2017 by Derek Norton. The firm specializes in investing in pre-seed and seed-stage startups, typically providing initial funding ranging from $100,000 to $1.5 million. Watertower often leads investment rounds and reserves follow-on capital for growth, focusing on visionary founders who are transforming large markets through automation and AI.
The firm invests across various sectors, including technology, healthcare, consumer products, and enterprise services. Notable portfolio companies include Brainbase, All Voices, StyleRow, and Foodnome, among others. Watertower emphasizes a collaborative partnership approach, offering strategic guidance and industry connections to support founders beyond just capital. The team, which includes experienced entrepreneurs, is dedicated to helping startups navigate fundraising, expansion, and networking opportunities.
Podium is a technology company based in Lehi, Utah, founded in 2014. It offers a cloud-based software-as-a-service (SaaS) platform designed to enhance customer communication, manage online reputation, and streamline payments and marketing for local businesses.