Fundraising Fox

BR Capital

Venture capital

Coral Gables Β· Seed–Series A Β· 1 people tracked

Also known as BR CAPITAL ADVISORS LLC

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Investment thesis

BR Capital positions itself as an investor-builder operating in the crypto space since 2018, focused on supporting blockchain, cryptocurrency and Web3 companies. Its portfolio spans decentralized finance protocols, DEX aggregators, liquid staking, blockchain infrastructure, data and analytics platforms, investment DAOs and exchanges. The firm highlights a track record of strong venture returns (cited as 9x since 2020) and is currently raising its latest vehicle, BR21 SPC Ltd, which is open for investment.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series A
HQ
Coral Gables, US
Instruments
Equity
Founded
2018
AUM
$568.4M
Tracked investments
30

Team Β· 1 people

from public directories
Egor ShchukinΒ· Analystin𝕏

What they invest in

from 20 of 30 portfolio companies

Crypto & Web3 Γ—18Fintech Γ—10Data & Infrastructure Γ—9AI & Machine Learning Γ—4Developer Tools Γ—4Cybersecurity Γ—3AdTech Γ—1Cloud Computing Γ—1

HQs:United StatesΓ—4United KingdomΓ—1Cayman IslandsΓ—1

Who they back

founder profiles across 10 portfolio companies
80%
solo founders
8 of 10 mapped founding teams

Founding team size:solo founderΓ—82 foundersΓ—2

Investments Β· 30 tracked

founders shown can be your intro path
Shipyard Softwareshipyardsoftware.orgπ•βœ“ verifiedAcquired

Shipyard Software builds decentralized exchange (DEX) products, drawing on academic research in automated market making.

Crypto & Web3Fintech

Mark Lurie(CEO)Abe Othman(Chief Scientist)

Co-investorsRe7 CapitalAlliance DAO (ex DeFi Alliance)

1inch1inch.ioin𝕏

1inch is a decentralized finance (DeFi) platform for crypto users, offering token swaps through a DEX aggregator with intent-based and cross-chain functionality, MEV protection, and wallet security features.

Crypto & Web3Fintech

Sergej Kunz(Founder)in

Co-investorsBig Candle CapitalBlockchain CapitalDragonflyFabric VenturesFenbushi CapitalFourth Revolution Capital (4RC)+12 more

Aggregionaggregion.com

Aggregion provides a confidential computing platform that lets multiple companies combine and analyze customer data without exposing private information, using secure enclave technology such as Intel SGX and confidential containers.

AdTechCybersecurityData & Infrastructure

Arweavearweave.orgin𝕏

Arweave is a decentralized ecosystem that offers grants and investment opportunities through various organizations including non-profits, DAOs, and venture studios to support projects and developers building on its network.

Cloud ComputingCrypto & Web3Data & InfrastructureFintechLondon, GB

Sam Williams(Founder & CEO)

Co-investors1k(x)1kxa16z cryptoAdvanced BlockchainAndreessen HorowitzArrington Capital+22 more

Badgerbadger.finance

Co-investorsLvna Capital

Bitquerybitquery.ioin𝕏

Bitquery provides blockchain data APIs that index 40+ blockchains, offering real-time and historical data on DEX trades, token holders, wallet balances, prices and money flow through a single GraphQL schema, plus WebSocket, Kafka and gRPC streams.

Crypto & Web3Data & InfrastructureDeveloper Tools

Co-investorsDigital Finance GroupLBANK LabsMulana CapitalBinance LabsDHVCINCE Capital

Boson Protocolbosonprotocol.ioin𝕏

Boson Protocol is a decentralized agentic commerce protocol using non-custodial escrow, slashable seller bonds, and on-chain dispute resolution so agents, APIs, apps, and humans can trade any asset with untrusted counterparties.

AI & Machine LearningCrypto & Web3E-commerce

Co-investorsBlack DragonNarcissus VenturesWhite Paper CapitalOutlier Ventures

Consensysconsensys.ioin𝕏

Consensys builds a vertically integrated platform for decentralized finance, offering consumer wallet applications, developer infrastructure, blockchain APIs, and protocol-level software that manage the full onchain transaction lifecycle.

Crypto & Web3Data & InfrastructureDeveloper ToolsFintechFort Worth, US

Joseph Lubin(Founder & CEO)in

Co-investorsArcane GroupArgonautic VenturesCoinbase VenturesDragonflyDVCElectric Capital+17 more

Cowswapcowswap.exchange𝕏

CoW Swap is a decentralized exchange (DEX) for trading crypto tokens.

Crypto & Web3

Co-investors1k(x)

Dora Factorydorafactory.org𝕏

Dora Factory develops full-stack infrastructure for the Anonymous MACI (aMACI) protocol, enabling private, collusion-free, decentralized voting and polling for online communities.

Crypto & Web3CybersecurityData & Infrastructure

Co-investorsCrypto DiscoverDigital Finance GroupElliptiSpark Digital Capital

dYdXdydx.exchangein𝕏Dec 2017

dYdX is a decentralized exchange for trading perpetuals that uses zero-knowledge proofs to provide security and privacy.

Crypto & Web3FintechSan Francisco, US

Antonio Juliano(Founder)inIvo Crnkovic-Rubsamen(CEO)

Co-investors1confirmationa16z cryptoAbstract VenturesAndreessen HorowitzDeFiance CapitalDragonfly+8 more

EPNSepns.ioin𝕏

Push Chain (formerly Push Protocol/EPNS) is a Layer 1 blockchain designed for "universal apps," letting developers build and deploy once while onboarding users from any chain without bridges and with gas payable in any token.

Crypto & Web3Developer ToolsFintech

Richa Joshi(Founder)in

Co-investorsBixin CapitalBixin VenturesBlack DragonNarcissus VenturesiSeedJump Crypto+3 more

Everscaleeverscale.network𝕏

Everscale is a proof-of-stake blockchain network offering asynchronous Solidity smart contracts, low transaction fees, and developer tooling for building decentralized Web3 applications ranging from games to industrial use cases.

Crypto & Web3Data & InfrastructureDeveloper Tools

Flamingo DAOflamingodao.xyz𝕏

Flamingo DAO is a member-based collector DAO that acquires and holds NFTs and digital art, including CryptoPunks and generative art.

Co-investorsArca FundsDeepTech VenturesDivergenceExpansion Venture CapitalGood FriendsNarcissus Ventures+2 more

immunefiimmunefi.comin𝕏

Immunefi is a crowdsourced security platform for Web3, offering bug bounty programs, audit competitions, invite-only programs, security audits, and PR reviews that connect protocols with security researchers to find and disclose onchain vulnerabilities.

Crypto & Web3Cybersecurity

Mitchell Amador(CEO & Founder)in

Co-investorsElectric CapitalIDEO CoLab VenturesLattice CapitalMarin Digital VenturesNIVSamsung Next

Lido Financelido.fi𝕏

Lido is a liquid staking protocol for Ethereum that allows users to stake ETH and earn rewards while maintaining liquidity through the stETH token.

Crypto & Web3Fintech

Vasily Shapovalov(Founder)

Co-investorsa16z cryptoAegis VentuesAndreessen HorowitzDeepTech VenturesDeFiance CapitalDigital Currency Group+15 more

MetaCartel Venturesmetacartel.xyz𝕏

MetaCartel Ventures is a for-profit venture DAO focused on early-stage crypto and web3 projects.

Crypto & Web3

Peter 'Pet3rPan'(Founder @ MetaCartel & Co-founder MetaCartel Ventures)

Co-investorsKR1

Nansennansen.aiin𝕏

Nansen is a trading platform that combines onchain intelligence and AI to help investors discover trading opportunities, execute trades, and monitor portfolios across multiple blockchain networks and protocols.

AI & Machine LearningCrypto & Web3Fintech

Alex Svanevik(Founder)inEvgeny Medvedev(Founder)in

Co-investorsa16z cryptoAccelAndreessen HorowitzCoinbase VenturesFabric VenturesKleinblue Capital (0xkb)+6 more

Ocean Protocoloceanprotocol.com𝕏

Ocean Protocol offers technology to tokenize AI models and data, letting users monetize datasets and models while preserving privacy.

AI & Machine LearningCrypto & Web3Data & InfrastructureSingapore

Franz MJ Pfister(Director)Trent McConaghy(Director)Bruce Pon(Chief Executive Officer and Director)Daryl Arnold(Director)

Co-investorsBlockwallCogitent VenturesElliptiFabric VenturesMerkle Tree CapitalMoonlanding Ventures+3 more

OKExokex.com
Paladinpaladin.vote

Paladin builds infrastructure around decentralized governance, focusing on the economic value of voting power in DAOs and other token-governed protocols.

Co-investorsNFX

Parcelparcel.money

New York, US

Josh Minsky(Executive Officer)

Co-investorsA.Capital VenturesRed Beard Ventures

Qsetqset.ai
Superfluid DeFisuperfluid.finance

ZhiCheng "Miao" Miao(Founder)in

Co-investorsBollinger Investment GroupDivergenceEterna CapitalFabric VenturesHyperithmMMC Ventures+2 more

T-Digitalt-digital.io

T-Digital operates a quantitative trading platform ("Quant Factory") built on large-scale verified market and alternative datasets, a library of over 1,000 in-house factor models, and a low-latency multi-venue execution engine.

AI & Machine LearningData & InfrastructureFintech

The Dapp Listthedapplist.com𝕏

Rayo (formerly thedapplist.com) is a discovery platform where users submit crypto projects and vote to shape what gets discovered, with a points system and community features.

Crypto & Web3Social

The LAOthelao.io𝕏

Co-investorsConsenSys MeshYoubi Capital

Transaktransak.comin

Transak provides fiat-to-crypto on-ramp and off-ramp infrastructure for wallets, apps, and platforms, offered as white-label APIs or plug-and-play widgets.

Crypto & Web3Data & InfrastructureFintechNew York, US

Sami Start(Executive Officer, Director)inYeshu Agarwal(Executive Officer, Director)

Co-investors1k(x)1kxBitDAOConsenSys MeshFuel Venture CapitalGobi Partners+13 more

Portfolio news

latest coverage across their companies

Fund performance Β· per public LP disclosures Β· 7

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
BR/ERB Tactical Opportunities - Sandia Series, L.P.LPs: New Mexico Educational Retirement Board2021β€”6.9%1.19x0.00x
BR/ERB Co-Investment Fund II, L.P. 2017 SerieLPs: New Mexico Educational Retirement Board2017β€”17.4%2.09x0.75x
BR/ERB Tactical Opportunities, L.P.LPs: New Mexico Educational Retirement Board2014β€”20.6%2.86x2.01x
BR/ERB Co-Investment Fund II, L.P.LPs: New Mexico Educational Retirement Board2013β€”13.3%2.02x1.46x
BR Co-Investment (Transfer)LPs: New Mexico Educational Retirement Board2009β€”-0.4%0.98x0.98x
BR/ERB Co-Investment Fund I, L.P.LPs: New Mexico Educational Retirement Board2009β€”15.6%1.71x1.71x
BR/WY Investment Feeder LPLPs: West Yorkshire Pension Fundβ€”β€”β€”2.27x1.83x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has BR Capital made?
BR Capital has 29 tracked investments.
What stage does BR Capital invest at?
BR Capital invests at the Seed, Series A stages.
What sectors does BR Capital focus on?
BR Capital focuses on Crypto & Web3, Data & Infrastructure, Fintech.
Where is BR Capital located?
BR Capital is headquartered in Coral Gables, US.
Who does BR Capital co-invest with?
BR Capital most often shares deals with Narcissus Ventures, Fabric Ventures, a16z crypto, among 120 tracked co-investors.

Images

BR Capital photo

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