# Third Craft

> Third Craft is a VC fund in Austin backing Computer, Internet and Distillery. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Austin, United States
- Total investments: 4
- Last investment: Sep 2023
- Lead investor: 25%
- Last updated: Aug 2026
- Website: https://thirdcraft.com/

Third Craft is a private equity firm. Third Craft is established to invest in challenger brands in the craft food sector – as well as in the enabling infrastructure space.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Computer | 1 | 25% |
| Internet | 1 | 25% |
| Distillery | 1 | 25% |
| Snack Food | 1 | 25% |
| Food Processing | 1 | 25% |

7 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 75% |
| Series A | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Gooder Foods | Gooder Foods re-imagines Mac & cheese that's stealthily healthy and unbelievably delicious. It was launched in 2020 and operates in Santa Cruz, California. | $13M | Series A | Sep 11, 2023 |  |
| Pani Systems | Pani Source offers a water personalization appliance that upgrades drinking water with multi-use/naturally formulated enhancement pods. The Pani Source Smart Water System combines purification and customization. An advanced filtration system ensures the purest possible pour, then enhances it with minerals, vitamins, flavors, and otheradditives. Pani Systems uses an innovative filtration design to purify tap water to up to 99% purity. Then remineralize it to reflect nature's sources in the manner intended by nature. | $3M | Seed | Nov 19, 2021 |  |
| Gooder Foods | Gooder Foods re-imagines Mac & cheese that's stealthily healthy and unbelievably delicious. It was launched in 2020 and operates in Santa Cruz, California. | $6.4M | Seed | Nov 16, 2021 |  |
| Ethyl Ambrosia | Ethyl Ambrosia is an edible alcohol technology company. | $450K | Seed | May 28, 2020 |  |

4 of 4 investments shown.

## Co-investors
- [Cosmic Venture Partners](https://shizune.co/investors/profile/cosmic-venture-partners) — VC Fund, 2 deals together
- [Electric Feel Ventures](https://shizune.co/investors/profile/electric-feel-ventures) — VC Fund, 2 deals together
- [GingerBread Capital](https://shizune.co/investors/profile/gingerbread-capital-2) — VC Fund, 2 deals together
- [Springdale Ventures](https://shizune.co/investors/profile/springdale-ventures) — VC Fund, 2 deals together
- [Willow Growth Partners](https://shizune.co/investors/profile/willow-growth-partners) — VC Fund, 2 deals together
- [1st Course Capital](https://shizune.co/investors/profile/1st-course-capital) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Third Craft invest in?

Third Craft invests primarily in Computer, Internet and Distillery startups, most often at Seed and Series A stage. Most of the 4 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Third Craft last invest?

The most recent investment recorded for Third Craft closed in Sep 2023. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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