Caroline Duffy Joins Cowboy Capital as Partner
People | Jan 09, 2025 | Cowboy Capital LLC

Cowboy Capital LLC, a private equity firm, has appointed Caroline Duffy as a Partner on its investment team based in the San Francisco Bay Area. With a decade of experience in enterprises, B2B software, AI, and data science, Duffy is recognized for her ability to partner with founders aiming to modernize traditional industries. Previously, she was a key figure at Construct Capital where she focused on identifying early-stage startups capable of transforming industries bogged down by legacy systems, particularly in manufacturing, supply chain, and logistics. She is lauded for her data-driven approach, independent thought, and commitment to founders' success, traits cultivated from her background in history and quantitative data science at Dartmouth. Before her tenure at Construct Capital, she was instrumental in AI fund development, working alongside AI pioneer Andrew Ng. Duffy aligns closely with Cowboy Capital's ethos, emphasizing venture as a craft and promoting technology and community outreach initiatives. Her role is seen as an expansion of Cowboy Capital's focus on unsexy tech—sectors often overlooked yet ripe for transformation through software and AI.
Sectors
- Private Equity
- Technology
Geography
- United States – Cowboy Capital LLC is based in the San Francisco Bay Area, and Caroline Duffy formerly operated from Washington, DC. The geography of their operations influence the venture capital landscape in the U.S.
Industry
- Private Equity – The article focuses on Cowboy Capital LLC, which is a private equity firm involved in venture capital activities.
- Technology – Caroline Duffy's experience and new role involves a significant focus on enterprises dealing with software, AI, and data science.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Cowboy Capital LLC | Private Equity Firm | Company | A venture capital firm focusing on disruptive technologies and innovation within traditional industries. |
Caroline Duffy | Partner | Person | Newly appointed partner at Cowboy Capital, with a focus on AI, software, and modernizing traditional industries. |
Construct Capital | Previous Employer | Company | Caroline Duffy’s former workplace where she focused on early-stage startup investments in traditional industries. |
Access Institute | Board Member | Charity | A nonprofit increasing access to mental health services in the San Francisco area where Caroline Duffy serves on the board. |
All Raise DC | Steering Committee Member | Charity | An organization focused on diversity in the venture capital field for which Caroline is a steering committee member. |
AI Fund | Previous Association | Company | An AI-focused fund where Caroline Duffy was the first hire, working early in her career alongside Andrew Ng. |