BR Capital
Venture capitalCoral Gables · Seed–Series A
Also known as BR CAPITAL ADVISORS LLC
Find your way into BR Capital
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.
What they invest in
from 21 of 30 portfolio companiesCrypto & Web3 ×19Fintech ×11Data & Infrastructure ×9AI & Machine Learning ×7Developer Tools ×4Cybersecurity ×3AdTech ×1Cloud Computing ×1
HQs:United States×4United Kingdom×1Cayman Islands×1
Who they back
founder profiles across 12 portfolio companiesFounding team size:solo founder×92 founders×24+ founders×1
Where their founders studiedfrom 10 founders with education data
Princeton University ×2
Where their founders worked beforefrom 10 founders with career history
CoinFi ×2
Investments · 30 tracked
founders shown can be your intro pathShipyard 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)0x LabsPolychain CapitalQuantstampRobot Ventures
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
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Aggregion provides a data-driven platform that enables consumer packaged goods (CPG) companies and retailers to collaboratively execute targeted advertising and marketing campaigns while protecting customer data privacy.
AdTechAI & Machine LearningCybersecurityData & InfrastructureMarketing TechRetail TechSaaS
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)in
Co-investors1k(x)1kxa16z cryptoAdvanced BlockchainAndreessen HorowitzArrington Capital+24 more
Bitquery provides blockchain data analytics products, including cross-chain analytics, DEX trading insights, and DeFi protocol APIs for businesses building on blockchain infrastructure.
AI & Machine LearningCrypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsDigital Finance GroupLBANK LabsMulana CapitalBinance LabsDHVCINCE Capital
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
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
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
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)in
Co-investors1confirmationa16z cryptoAbstract VenturesAndreessen HorowitzDeFiance CapitalDragonfly+8 more
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+7 more
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 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+4 more
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 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 HorowitzCoinFundDeepTech VenturesDeFiance Capital+16 more
MetaCartel Ventures is a for-profit venture DAO that invests early-stage checks ($20k–$100k) into decentralized applications and cryptonative, community-first projects.
Crypto & Web3
Peter 'Pet3rPan'(Founder @ MetaCartel & Co-founder MetaCartel Ventures)
Co-investorsKR1
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 Protocol is a decentralized data and AI project built around the $OCEAN token, which ecosystem teams can integrate into products for uses such as staking, governance, payments, NFTs, and DeFi.
AI & Machine LearningCrypto & Web3Data & InfrastructureSingapore
Franz MJ Pfister(Director)Trent McConaghy(Director)inBruce Pon(Chief Executive Officer and Director)inDaryl Arnold(Director)
Co-investorsBlockwallCogitent VenturesElliptiFabric VenturesMerkle Tree CapitalMoonlanding Ventures+3 more
Paladin builds infrastructure around decentralized governance, focusing on the economic value of voting power in DAOs and other token-governed protocols.
Co-investorsNFXC2 VenturesHyde Park Venture PartnersThe 98Westbound Equity Partners
New York, US
Josh Minsky(Executive Officer)
Co-investorsA.Capital VenturesRed Beard Ventures
Superfluid builds a blockchain protocol that lets digital assets settle continuously in real-time streams rather than as discrete transactions, and is developing Superfluid Wallet for humans and AI agents to transact together.
AI & Machine LearningCrypto & Web3Fintech
ZhiCheng "Miao" Miao(Founder)in
Co-investorsBollinger Investment GroupDivergenceEterna CapitalFabric VenturesHyperithmMMC Ventures+2 more
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
Co-investorsConsenSys MeshYoubi Capital
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)in
Co-investors1k(x)1kxBitDAOConsenSys MeshFuel Venture CapitalGobi Partners+13 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AzuroBadgerBNBOKExQset
Portfolio news
latest coverage across their companies
dYdX · bcointalk.com · Jul 17, 2026
Arweave · kraken.com · Jul 13, 2026
Nansen · financefeeds.com · Jun 22, 2026
The Dapp List · icodrops.com · May 12, 2026
Transak · refreshmiami.com · Aug 15, 2025
Flamingo DAO · tradingview.com · Jul 10, 2025
Fund performance · per public LP disclosures · 7
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| BR/ERB Tactical Opportunities - Sandia Series, L.P.LPs: New Mexico Educational Retirement Board | 2021 | — | 6.9% | 1.19x | 0.00x |
| BR/ERB Co-Investment Fund II, L.P. 2017 SerieLPs: New Mexico Educational Retirement Board | 2017 | — | 17.4% | 2.09x | 0.75x |
| BR/ERB Tactical Opportunities, L.P.LPs: New Mexico Educational Retirement Board | 2014 | — | 20.6% | 2.86x | 2.01x |
| BR/ERB Co-Investment Fund II, L.P.LPs: New Mexico Educational Retirement Board | 2013 | — | 13.3% | 2.02x | 1.46x |
| BR Co-Investment (Transfer)LPs: New Mexico Educational Retirement Board | 2009 | — | -0.4% | 0.98x | 0.98x |
| BR/ERB Co-Investment Fund I, L.P.LPs: New Mexico Educational Retirement Board | 2009 | — | 15.6% | 1.71x | 1.71x |
| BR/WY Investment Feeder LPLPs: West Yorkshire Pension Fund | — | — | — | 2.27x | 1.83x |
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 30 tracked investments, 1 of which have exited.
- 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 122 tracked co-investors.
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