Crucible Capital
Venture capitalWilmington · Pre-Seed–Series A · 3 people tracked
Also known as CRUCIBLE CAPITAL MANAGEMENT, LLC
Find your way into Crucible Capital
740 people in our graph share verified history with the Crucible Capital team — schools, employers, funds. One of them is your warm intro.
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 Sep 15, 2026.
Team · 3 people
from the firm's website & public directoriesWhat they invest in
from 33 of 42 portfolio companiesAI & Machine Learning ×18Fintech ×10SaaS ×9Cloud Computing ×8Data & Infrastructure ×8Deep Tech ×8Energy ×7Enterprise Software ×7
HQs:United States×15United Kingdom×1Mexico×1Sweden×1
Who they back
founder profiles across 9 portfolio companiesFounding team size:solo founder×42 founders×43 founders×1
Where their founders studiedfrom 11 founders with education data
Deerfield Academy ×2
Accelerator rootsportfolio companies that came through a program
Investments · 42 tracked
founders shown can be your intro pathBy year:2026 · 72025 · 22024 · 12021 · 111 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 HarrillinKeeley Marrocco(Executive Officer, Director, Promoter)inShahram GhasemianinBrian JollyinMichael Trammellin
Co-investorsAndreessen HorowitzBVVCCrosscut VenturesDecisive PointChevron Technology VenturesFundomo+1 more
Ornn provides pricing, financing, and hedging solutions for AI compute infrastructure, enabling safe scaling of large-scale AI infrastructure projects.
AI & Machine LearningB2B MarketplacesCloud ComputingData & InfrastructureFintech
Co-investorsAndreessen HorowitzLink VenturesNordstarVine Ventures
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 ManagementDFJGeniesK5 Global+3 more
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)inPietro Sette(Founder)in
Co-investorsBanyan VenturesY Combinator
A compute marketplace platform that enables buyers and providers to discover listings, negotiate terms, and complete compute transactions through open-source infrastructure with no platform fees.
AI & Machine LearningB2B MarketplacesCloud ComputingCrypto & Web3Data & InfrastructureDeep Tech
Levi Rybalov(Founder)in
Co-investorsARKN venturesNazare Ventures
Brickroad provides infrastructure for sourcing, evaluating, and licensing data at scale.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaS
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 cryptoFramework Ventures+2 more
Hex builds autonomous battery-swapping infrastructure for drones to extend flight capabilities and make aerial data collection more accessible.
AgTechDeep TechHardwareIoTRoboticsMiami, US
Curtis Lary(Founder & CEO)Nick Mulka(CTO)Shaun Sengupta(COO)
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
Mercury is a software platform that connects data centers and utilities, converting load flexibility at data centers into additional grid capacity.
CleantechEnergySaaSBoulder, US
Co-investorsPowerhouse
Nirvana Labs provides bare-metal cloud compute instances across three families optimized for different workloads, with pricing up to 37% lower than AWS equivalents.
AI & Machine LearningCloud ComputingData & InfrastructureDeep TechDeveloper ToolsEnterprise Software
Co-investorsHash3 CapitalLattice CapitalRaptor GroupCastle Island VenturesJump CryptoRW3 Ventures
A provider of pricing indices and derivatives infrastructure for GPU compute commodities, enabling benchmarking and risk management for computational resources.
AI & Machine LearningCloud ComputingData & InfrastructureFintechSector Agnostic
Co-investorsLink Ventures
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 Horowitz
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 Horowitz
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
Co-investorsGround Up VenturesAndreessen HorowitzShield Capital
Pillar builds software combining operations, administration, and embedded financial services for construction companies, including financing and AI-driven tools.
AI & Machine LearningConstruction TechEnterprise SoftwareFintechSaaS
GabrielPaoloLorenzo
Co-investorsEmblemItalian Angels for GrowthItalian Founders FundAnalog VenturesAndreessen HorowitzGallery
Pillar is a unified risk management platform for physical-world businesses, combining data analysis, portfolio construction, execution, management, and accounting in one system.
AI & Machine LearningEnterprise SoftwareFintechSaaSNew York City, US
Chinmay Deshpande(Founder)in
Co-investorsExpansion Venture CapitalGraph Ventures
Wilmington, US
Randheep Fernando(Executive Officer, Director)Andrew Dust(Executive Officer, Director)in
BoardAmy Nauiokas(Director)
Reliability Engine develops sensing and software that monitors liquid-cooled AI infrastructure by analyzing coolant chemistry, thermal systems, and GPU performance data to detect cooling issues before they impact compute output.
AI & Machine LearningData & InfrastructureDeep TechIoT
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
BoardOLIVER 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)inJesus Cisneros(Co-founder)in
Co-investorsDigital Currency GroupStartups
Sourceful provides utilities and energy equipment manufacturers with a platform that integrates devices, delivers real-time data analytics, and enables AI-powered load prediction and remote fleet management through branded customer applications.
AI & Machine LearningCleantechEnergyIoTSaaSKalmar, SE
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
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 financing solutions that streamline credit access for borrowers and lenders through faster and more accessible processes.
Crypto & Web3Fintech
Alexander SzulAtticus FranckenHarley Ryan
EnergySeattle, US
Francesco Venneri(Executive Officer, Director)Giulia DeLorenzi-Venneri(Executive Officer)Eva Zhang(Director)Lorenzo Venneri(Director)Ritesh Budree(Executive Officer)
Co-investorsAndreessen HorowitzChevron Technology VenturesDecisive PointFundomoStepstone GroupWelara
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-investorsRebellion VenturesY 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
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
BrickroadDaylight EnergyMiraMira NetworkOrnn AIShatterdomeSupra
Exits · 1
1 IPOsStandard NuclearNYSE: STDN
Portfolio news
latest coverage across their companiesPillar · politico.com · Aug 30, 2026

Power Finance · marketsmojo.com · Aug 11, 2026
Standard Nuclear · valueaddvc.com · Aug 3, 2026

Ornn AI · alleywatch.com · Jul 31, 2026
Ostium · coindesk.com · Jul 15, 2026
Aravolta · startupintros.com · Jul 13, 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 42 tracked investments, 1 of which have exited, including 9 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, Lattice Capital, Andreessen Horowitz, among 44 tracked co-investors.
Media · Podcasts & interviews
featuring the teamNew forms of Financial engineering with Crucible Capital Founder Meltem Demirors | EP #146
Logan Jastremski · Meltem Demirors
Images
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