Crucible Capital
Venture capitalWilmington · Pre-Seed–Series A · 2 people tracked
Also known as CRUCIBLE CAPITAL MANAGEMENT, LLC
Investment thesis
Crucible Capital invests in early-stage founders at the intersection of hardware paradigms and software innovation. It sees a future where digital commodities such as energy, compute, and connectivity are traded onchain in permissionless, liquid markets. The firm focuses on protocols and developer tooling for open networks; orchestration and optimization software that automates workflows and manages resources; new commodities and capital-markets infrastructure that improves efficiency and liquidity; and decentralized physical infrastructure networks (DePIN) that aggregate resources into new marketplaces. It aims to fund the most efficient use of thermodynamically constrained resources at civilization scale.
Source: firm website, verified Aug 25, 2026.
Team · 2 people
from the firm's website & public directories
What they invest in
from 29 of 39 portfolio companiesAI & Machine Learning ×14Fintech ×8Data & Infrastructure ×7SaaS ×6Cloud Computing ×5Crypto & Web3 ×5Deep Tech ×5Developer Tools ×5
HQs:United States×12United Kingdom×1Mexico×1Sweden×1
Who they back
founder profiles across 7 portfolio companiesAccelerator rootsportfolio companies that came through a program
Investments · 39 tracked
founders shown can be your intro pathBy year:2026 · 52025 · 12024 · 12021 · 18 dated
Standard Nuclear manufactures TRISO nuclear fuel for advanced reactors, establishing a domestic fuel supply chain for the nuclear energy sector in the United States.
Advanced ManufacturingDeep TechEnergyNew MaterialsOak Ridge, US
Kurt Terrani(CEO)inKevin HarrillKeeley Marrocco(Executive Officer, Director, Promoter)inShahram GhasemianBrian JollyMichael Trammell
Co-investorsAndreessen HorowitzBVVCCrosscut VenturesDecisive PointChevron Technology VenturesStepstone Group
Alchemy is an infrastructure-as-code tool that lets developers define their entire cloud setup as a TypeScript program, with commands to plan, deploy, and destroy resources across providers like Cloudflare and AWS.
Cloud ComputingDeveloper ToolsSaaS
Co-investorsAdditionAndreessen HorowitzCoatue ManagementDFJLightspeed Venture Partners
Aravolta provides branch circuit monitoring for data centers, tracking power consumption at sub-second accuracy to enable colocation operators to automate tenant billing, detect power overages, and generate usage-based invoices.
Data & InfrastructureEnterprise SoftwareIoTSan Francisco, US
Margarita Groisman(Founder)inJack Sutton(Founder)in
Co-investorsBanyan VenturesY Combinator
Arkhai builds open infrastructure for machine-readable, agent-driven markets, providing discovery, negotiation, escrow, arbitration, and settlement.
AI & Machine LearningCrypto & Web3Data & Infrastructure
Co-investorsARKN venturesNazare Ventures
Brickroad is an infrastructure layer for AI data procurement, letting teams source, evaluate, and license data through autonomous pipelines that discover, negotiate, and deliver datasets across many providers.
AI & Machine LearningData & InfrastructureEnterprise Software
Co-investorsKli Capital
Compute-Desk provides financial infrastructure for compute traders, including live compute pricing data, private deal tracking, workflow tools for reserved compute deals (bidding, RFQ, contracts, escrow), and settlement infrastructure for GPU capacity such as Hopper, Blackwell and AMD MI3XX.
AI & Machine LearningCloud ComputingFintech
Co-investorsBlue Wire Capital
Daylight builds a distributed energy network that allows homes to generate, store, and share power locally, while providing financing and grid operations services for the electrified home market.
CleantechClimate TechEnergy
Co-investorsAndreessen HorowitzCoinbase VenturesEv3 Ventures LlcLattice Capitala16z cryptoBain Capital Ventures+5 more
Hex builds drone docking hardware ("drone-in-a-box" stations like Atlas and Universal) and software (hexair) that automate takeoff, landing, and robotic battery swapping to run drones autonomously without pilots.
Deep TechHardwareRobotics
Co-investorsavraBackswing Ventures
Internet Backyard builds financial infrastructure for the compute economy, modeling data center capacity (racks, regions, SKUs, workloads) as tradeable units that can be priced, billed, financed, insured, and hedged.
AI & Machine LearningCloud ComputingFintech
Co-investorsBasis Set VenturesMaple VCOperator Collective
Matium is an online industrial marketplace for buying and selling plastics, including virgin resins, recycled polymers, engineering plastics, rubber, compounds, and packaging-grade materials.
Advanced ManufacturingB2B MarketplacesNew MaterialsMillersville, US
Bailey Robin(Executive Officer)Alexander Lambrides(Executive Officer)
Co-investorsWesterly Winds
Mercury Computing operates a software platform and API connecting data centers and utilities, converting demand flexibility at data centers into usable grid capacity.
CleantechEnergySaaSBoulder, US
Co-investorsPowerhouseVirta Ventures
Co-investorsSymbolic Capital
Nirvana Labs operates a high-performance cloud platform offering bare metal compute, accelerated block storage, private networking, and managed Kubernetes orchestration for latency-sensitive, data-heavy systems.
Cloud ComputingData & InfrastructureEnterprise Software
Co-investorsHash3 CapitalLattice CapitalRaptor Group
Ornn operates the OCPI (Ornn Compute Price Index), a benchmark tracking live spot prices for GPU compute across hardware types such as H100, H200, B200, and B300.
AI & Machine LearningData & InfrastructureFintech
Co-investorsLink Ventures
Ornn AI builds compute price indices and a marketplace that treat GPU compute as a tradable, hedgeable commodity.
New York City, US
Wayne Nelms(Executive Officer, Director)
BoardKush Bavaria(Executive Officer, Director)
Co-investorsa16z cryptoAndreessen HorowitzBoxGroupGalaxy VenturesLink VenturesNordstar+1 more
Ostium is a decentralized perpetual futures exchange for trading stocks, commodities, forex, and indices with leverage directly from a crypto wallet.
Crypto & Web3Fintech
Co-investorsGeneral CatalystWintermuteBalaji SrinivasanCoinbase VenturesGSRJump Crypto
Pillar is a creator commerce platform that enables creators, coaches, influencers, and entrepreneurs to build online storefronts and sell digital products, memberships, courses, and services without requiring coding skills or a complex e-commerce stack.
ConsumerCreator EconomyE-commerceMedia & EntertainmentSaaSSan Francisco, US
Faisal Younus(Founder)in
Co-investorsEmles Venture PartnersY CombinatorACE & CompanyAnalog VenturesAndreessen HorowitzGolden Ventures+2 more
Pillar provides a white-label digital education and engagement platform for healthcare organizations, employers, and benefits administrators to scale patient education, care coordination, and benefits communication.
Digital HealthHealthtechSaaSNew York City, US
Jasmine Mansouri(Founder)inCaroline Early(Founder)in
Co-investorsMS&AD VenturesStreamlined VenturesY CombinatorAnalog VenturesAndreessen HorowitzGolden Ventures+2 more
Pillar Security offers a platform to discover, test, secure, and govern AI agents and AI applications across an organization, covering AI asset discovery, adversarial red teaming, runtime guardrails, and governance/compliance reporting.
AI & Machine LearningCybersecurityEnterprise SoftwareMiami, US
Dor Sarig(Founder)
Co-investorsGround Up VenturesAndreessen HorowitzShield Capital
Pillar is a hedging platform that automatically manages commodity and currency (FX) risk for commodity businesses, linking hedges to transactions and adjusting positions in real time.
AI & Machine LearningFintechSaaSNew York City, US
Chinmay Deshpande(Founder)
Co-investorsGraph Ventures
Wilmington, US
Randheep Fernando(Executive Officer, Director)Andrew Dust(Executive Officer, Director)
BoardAmy Nauiokas(Director)
Reliability Engine provides monitoring software that combines coolant chemistry, cooling loop behavior, and GPU thermal telemetry into a single view, detecting drift from a healthy baseline and giving operators one actionable check before thermal throttling or downtime occurs.
AI & Machine LearningData & InfrastructureIoT
DoubleZero operates a network that delivers raw market data feeds over dedicated fiber links contributed by independent operators, bypassing public internet latency for trading firms, validators, and platforms.
Crypto & Web3Data & InfrastructureFintechGeorge Town
OLIVER BELL(Director)
Co-investorsDragonflyGSRMetastableMH VenturesMulticoin CapitalPaper Ventures+3 more
Sapience operates on-chain prediction markets that function like auctions, where users and AI agents forecast the probability of future events and compete to offer the best odds.
AI & Machine LearningCrypto & Web3Fintech
Co-investorsMarin Digital Ventures
Saptiva provides an AI control plane (frIdA) that routes and governs AI workloads across clouds and on-premise environments while enforcing customer-defined compliance and data-residency policies at execution time.
AI & Machine LearningCybersecurityEnterprise Software
Angel Cisneros(Co-founder)Jesus Cisneros(Co-founder)in
Co-investorsDigital Currency GroupStartups
Sourceful Energy finances, installs, and operates behind-the-meter battery storage and optimization software for commercial property owners and utilities, helping them reduce demand charges and participate in electricity markets.
CleantechEnergySaaS
Co-investorsBorderless VentureEviny VenturesCoatue ManagementEka VenturesIndex VenturesVenrex
Spectral is the creator of SCALE, a compiler toolkit that recompiles CUDA code to run on a broad range of GPUs, including AMD and NVIDIA accelerators, without requiring code rewrites.
AI & Machine LearningDeep TechDeveloper Tools
Spectral develops SCALE, a compiler toolkit that recompiles CUDA code to run on a range of GPUs from different vendors, including AMD and NVIDIA, without rewriting the codebase.
AI & Machine LearningDeep TechDeveloper Tools
Burlingame, US
SAURAV SHROFF(Executive Officer, Director)MIHIR VIJAY GONDHALEKAR(Director)Saurav Shroff(Founder)in
BoardROHAN PUJARA(Director)in
Co-investorsBalerion Space VenturesFusionGoAhead VenturesHummingbird VenturesValhalla Ventures8VC+3 more
Trad.Fi provides equipment finance loans against approved purchase orders, offering same-day funding for deals ranging from four to nine figures.
Crypto & Web3Fintech
Verne Robotics develops robotics technology, with a focus on multi-modal perception capabilities.
Advanced ManufacturingAI & Machine LearningDeep TechRoboticsSan Francisco, US
Neil Nie(Founder)inAditya Jha(Founder)in
Co-investorsY CombinatorZAKA VC468 Capital
Vers provides a platform for branching, committing, and restoring live virtual machines with git-like semantics, enabling users to fork running VMs instantly with full memory and process state.
AI & Machine LearningCloud ComputingDeveloper Tools
Co-investorsTrue Ventures
Exits · 1
IPOs and acquisitions across the tracked portfolioStandard NuclearNYSE: STDN
Portfolio news
latest coverage across their companiesPower Finance · marketsmojo.com · Aug 11, 2026
Standard Nuclear · valueaddvc.com · Aug 3, 2026
Ornn AI · alleywatch.com · Jul 31, 2026
Daylight · wvmetronews.com · Jul 19, 2026
Ostium · coindesk.com · Jul 15, 2026
Pillar · finsmes.com · May 12, 2026
Pillar · finsmes.com · May 12, 2026
Pillar · finsmes.com · May 12, 2026
Frequently asked questions
- How many investments has Crucible Capital made?
- Crucible Capital has 36 tracked investments, including 4 dated in the last 24 months.
- What stage does Crucible Capital invest at?
- Crucible Capital invests at the Pre-Seed, Seed, Series A stages.
- What sectors does Crucible Capital focus on?
- Crucible Capital focuses on Cleantech, Climate Tech, Crypto & Web3, Data & Infrastructure, Deep Tech, Developer Tools, Energy, Fintech, Marketplaces, Sector Agnostic.
- Where is Crucible Capital located?
- Crucible Capital is headquartered in Wilmington, US.
- Who does Crucible Capital co-invest with?
- Crucible Capital most often shares deals with Y Combinator, GSR, MH Ventures, among 42 tracked co-investors.
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