Fundraising Fox

Electric Capital

Venture capitalActively deploying

Palo Alto · Pre-Seed–Late Stage · 39 people tracked

Also known as Electric Capital Frontier · Electric Capital Partners VCF2 · ELECTRIC CAPITAL PARTNERS, LLC

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Investment thesis

Since 2018, Electric Capital has invested in technologies that reduce reliance on intermediaries, arguing that eroding trust in global institutions and the rise of AI make trust-minimized systems increasingly urgent and feasible. The firm partners with founders working in artificial intelligence, cryptography, fintech, healthcare, energy marketplaces, government systems, identity and reputation, and the creator economy. Its investors are engineers who write code, supported by experts across engineering, product, marketing, HR, governance, and regulatory policy. Electric Capital engages closely at pre-seed and seed to help teams find product-market fit, then supports scaling around product evolution, team building, metrics, liquidity, and regulatory complexity.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Late Stage
Check
$1M – $20M
HQ
Palo Alto, California, US
Leads rounds
Follows
Instruments
Equity
Founded
2018
AUM
$2.9B
Tracked investments
107

Team · 39 people

from the firm's website & public directories
Finn Lowden· Legal Analystin
Janet Miller· Deputy General Counsel
Jaquelyn Ov· Operationsin
Jay Zhang· Financein
Jim Bai· Investorin𝕏
Mark Xia· Engineerin𝕏
Owen Wolff· Engineerin
Rachel Henderson· Investor Strategy
Sara Wampler· Chief of Staff
Trevor Oliver· Investor
Yezi Xu· Finance
Yizhao Tan· Engineer

What they invest in

from 44 of 107 portfolio companies

Crypto & Web3 ×35Fintech ×19Data & Infrastructure ×10Developer Tools ×9AI & Machine Learning ×6Cloud Computing ×6Deep Tech ×4Cybersecurity ×3

HQs:United States×17Nigeria×1

Investments · 107 tracked

founders shown can be your intro path
Onboardonboard.xyz𝕏✓ verified

Onboard Business provides cross-border business FX and payouts, letting companies receive, hold, and convert multiple currencies via ACH, Wire, SWIFT, Naira, and stablecoins, with real-time settlements and API access.

Crypto & Web3FintechSaaS

Bitnomial, Inc.SEC filingmedium confidence

Chicago, US

Board seatCurtis Spencer· per SEC Form D · $29.3M raise · filed Jul 2024

Aerodrome Financeaerodrome.finance
Altitudesquads.xyz𝕏

Squads builds financial services infrastructure on open platforms and internet capital markets, serving businesses, individuals, and developers.

Crypto & Web3Fintech

App.Layer3layer3.xyz𝕏
Asulaasula.xyz𝕏
Atriumatrium.art𝕏
Auroraaurora.dev𝕏

Aurora is a network of customizable, EVM-compatible blockchain chains that operate as smart contracts on NEAR, offering developers scalability and low transaction costs without the complexity of traditional Layer 2 infrastructure.

Cloud ComputingCrypto & Web3

Auto Financeauto.finance
Ava Protocolavaprotocol.orgin𝕏
Bitnomial Cryptocurrency Financial Futures Exchangebitnomial.comin𝕏

Bitnomial is a US CFTC-regulated cryptocurrency derivatives exchange and clearinghouse offering leveraged spot trading, perpetual futures, traditional futures and options, and prediction markets with crypto margin and settlement capabilities.

Crypto & Web3Fintech

Bitwisebitwiseinvestments.comin𝕏

Bitwise Investments provides professionally managed cryptocurrency funds and investment products for institutional and individual investors.

Crypto & Web3FintechSan Francisco, US

Katherine Dowling(Executive Officer)Matt Hougan(Executive Officer)Teddy Fusaro(Executive Officer)Corey Mulloy(Director)Hong Kim(Executive Officer, Director)Hunter Horsley(Founder & CEO)

Bluenotebluenotehealth.com
Boomboomsupersonic.comin𝕏

Boom Supersonic develops supersonic aircraft and engines, including the Overture commercial airliner and the Symphony turbofan engine, targeting commercial aviation and advanced infrastructure applications.

Advanced ManufacturingDeep TechHardwareSpace TechCentennial, US

Blake Scholl(Founder/CEO)in

Boostboost.xyz𝕏
Bulletbullet.xyz
Celocelo.org𝕏

Celo is a blockchain network designed for stablecoin payments and global financial transactions, positioned as a Layer 2 solution built on Ethereum's ecosystem.

Crypto & Web3Fintech

Certoracertora.com𝕏

Certora provides formal verification and security services for smart contracts and blockchain protocols.

Crypto & Web3CybersecurityDeveloper Tools

Mooly Sagiv(CEO)Shelly Grossman(Head of Product & CTO)

ChronicleBiochroniclebio.com
Clusters Privateclusters.xyz
CoinList CeFi Seedcoinlist.coin𝕏

CoinList operates a platform for token sales, pre-IPO stocks, equities, and funds, serving as infrastructure for financial markets and payments onchain.

Crypto & Web3Data & InfrastructureFintech

Commcomm.app

Comm is an encrypted messaging platform for communities that combines Signal's end-to-end encryption model with personal servers to support community features like channels, roles, and threads.

Crypto & Web3Social

Ashoat

ConsenSysconsensys.netin𝕏
Consesysconsensys.ioin𝕏
Cozy Financecozy.finance𝕏

Seattle, US

Tony Sheng(Director)Payom Dousti(Executive Officer, Director)

Curvecurve.finance
Derivadexderivadex.com𝕏

DerivaDEX is a decentralized cryptocurrency derivatives exchange offering a real-time price feed, fast trade resolution, and a competitive fee structure.

Crypto & Web3Fintech

Dialectdialect.toin𝕏

Dialect provides infrastructure for Web3 user experiences, offering Blinks (embedded blockchain transactions) and Alerts (onchain notifications) that integrate directly into digital platforms without redirects.

Crypto & Web3Developer ToolsEnterprise SoftwareNew York City, US

Chris Osborn(Founder)in

dYdXdydx.exchangein𝕏

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

Crypto & Web3Fintech

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

dYdXdydx.xyzin𝕏

dYdX is a decentralized cryptocurrency exchange offering spot and derivatives trading with features including deep liquidity, advanced order types, and instant market listings.

Crypto & Web3Fintech

Eigen Layereigenlayer.xyz𝕏

EigenCloud is a developer platform providing cryptographic trust primitives for applications and AI agents through verifiable computation, inference, and data availability backed by slashable stake on EigenLayer.

AI & Machine LearningCrypto & Web3Developer Tools

Sreeram Kannan(Founder)

EigenCloudeigencloud.xyz𝕏
Ellipsis Labsellipsislabs.xyzin𝕏

Ellipsis Labs develops infrastructure and applications to improve decentralized finance systems, aiming to replace traditional financial foundations with blockchain-based alternatives that offer security, scalability, and speed.

Crypto & Web3Fintech

Espresso (Translucence Research Inc)espressosys.com𝕏

Espresso Systems builds Ethereum infrastructure and blockchain systems with a focus on practical solutions for developers and users within the crypto ecosystem.

Cloud ComputingCrypto & Web3Data & InfrastructureDeveloper Tools

Etherealizeetherealize.comin𝕏

Etherealize develops financial infrastructure for trading, settlement, and privacy on the Ethereum blockchain, serving institutional clients including banks, asset managers, and hedge funds looking to move assets onchain.

Crypto & Web3Enterprise SoftwareFintechAustin, US

Vivek Raman(Executive Officer)in

Fluidfluid.io
Fordefifordefi.comin𝕏

Fordefi provides MPC (multi-party computation) wallets designed for blockchain asset management and DeFi trading strategies, serving investment funds and institutional crypto traders.

Crypto & Web3Fintech

Frax Financefrax.com

Sam Kazemian(Founder)

Frax Financefrax.finance
Freaticfreatic.team𝕏

Freatic builds Murmur, a monetization layer for information goods based on decentralized mechanisms, cryptography, and game theory that enables trustless trading of valuable insights.

AI & Machine LearningCrypto & Web3Data & Infrastructure

Gammastrategiesgammastrategies.org𝕏

Gamma Strategies provides tools for creating automated Uniswap V4 liquidity provider vaults with rebalancing functionality to earn trading fees and incentive rewards.

Crypto & Web3

Genesis Digital Assetsgenesisdigitalassets.comin

Genesis Digital Assets builds and operates data center infrastructure for high-performance computing workloads.

Cloud ComputingData & InfrastructureDeep TechEnergy

GitBookgitbook.ioin𝕏

GitBook is a documentation infrastructure platform that helps teams write, maintain, and publish accurate documentation.

AI & Machine LearningDeveloper ToolsSaaSCovina, US

Gitcoingitcoin.co𝕏

Gitcoin operates a directory and knowledge base for funding mechanisms, platforms, and research in decentralized networks, Ethereum, and public goods.

Crypto & Web3Data & InfrastructureGovTechLafayette, US

Kevin OwockiKyle Weiss(Executive Officer, Director)Michael Kriak(Director)Matt Huang(Director)

Hashflowhashflow.com
HealthExhealthex.ioin𝕏
Hibachihibachi.xyz
Hourglasshourglass.com
immunefiimmunefi.comin𝕏
Infinifiinfinifi.xyz
INFINITinfinit.tech𝕏
Initinit.capital
Integralintegral.xyzin𝕏
Iron Fishironfish.network𝕏

Iron Fish is a zero-knowledge Layer-1 blockchain that provides optional privacy features for cryptocurrency assets across multiple chains.

Crypto & Web3

Jitojito.network𝕏

Jito optimizes transaction execution and MEV (maximal extractable value) rewards on the Solana blockchain network.

Crypto & Web3

Jito Labsjito.wtf𝕏

Dover, US

Lucas Bruder(Executive Officer, Director)Zanyar Sherwani(Executive Officer, Director)

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Frequently asked questions

What stage does Electric Capital invest at?
Electric Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Electric Capital's typical check size?
Electric Capital typically writes checks of $1M – $20M.
What sectors does Electric Capital focus on?
Electric Capital focuses on AI & Machine Learning, Creator Economy, Crypto & Web3, Cybersecurity, Deep Tech, Energy, Fintech, GovTech, Healthtech, Marketplaces.
Where is Electric Capital located?
Electric Capital is headquartered in Palo Alto, US.
Does Electric Capital lead rounds?
Electric Capital typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

Avichal Garg and Curtis Spencer (Electric Capital) on developer communities, raising institutiona...

On The Brink with Castle Island · Avichal Garg

Bringing an Engineer's Mentality to Early Stage VC w/ Avichal Garg & Ken Deeter of Electric Capital

Ninepoint Partners · Avichal Garg

Top 5 Bear Market Bets with Avichal Garg & Sanjay Shah of Electric Capital

Bankless · Avichal Garg

Avichal Garg, Electric Capital | What does the future hold for shielded transactions?

Foresight Institute · Avichal Garg · youtube.com

Avichal Garg, Electric Capital | Shielded Transaction Special | Trailer

Foresight Institute · Avichal Garg · youtube.com

Venture Capital is Changing Forever - Avichal Garg (Electric Capital Co-Founder)

DeSo: The Decentralized Social Media Blockchain · Avichal Garg

Images

Electric Capital photo

Co-investors · 142

Andreessen Horowitz

Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.

$500K – $50M
Paradigm

Paradigm is a frontier technology investment firm that builds and invests in early-stage companies across crypto, AI, robotics, and other emerging technology areas.

$1M – $100M
Blockchain Capital

Blockchain Capital is a venture firm that has partnered with crypto builders since 2013, investing across the blockchain and digital asset ecosystem.

$25K – $200K
Hack VC

Hack VC is a thesis-driven venture capital firm that partners with founders at the earliest stages building next-generation Internet technologies across crypto, AI, and other frontier areas.

Both backed · 5
Eigen LayerMysten LabsConsenSysConsesysSui
$3M
Pantera Capital

Pantera Capital is a blockchain and cryptocurrency-focused investment firm that pioneered early crypto funds in the U.S., offering exposure through venture equity, early-stage tokens, and liquid tokens.

$5M – $100M
Archetype

Archetype is an early-stage crypto venture firm backing founders building crypto-native companies and protocols, providing support across investing, engineering, protocol and mechanism design, policy, and community-building.

$100K – $10M
Greylock Partners

Greylock Partners is a venture capital firm that backs founders at the earliest stages, often as their first investor before a product exists.

$100K – $200M
Haun Ventures

Haun Ventures backs founders building the future of finance, investing from seed to scale in teams applying decentralized technology to reshape the global economy.

$1M – $100M
Ethereal Ventures Management Ltd.

Ethereal Ventures is a global investment firm focused on crypto, permissionless networks, and digital assets, backing companies from inception through growth.

Both backed · 3
Faction

Faction is an early-stage venture firm that invests in disruptive crypto and blockchain projects, backing founders at Seed and Series A across both equity and tokens.

Both backed · 3
MonadInitPuffer Finance
$50K – $5M
Greenfield

Greenfield is a European investment firm focused on crypto, backing early developer teams building decentralized and open web infrastructure.

Both backed · 3
CeloNEARApp.Layer3
General Catalyst

General Catalyst is a venture capital and investment firm that backs founders across industries, with a strong focus on AI-driven transformation, fintech, healthcare, and other sectors.

Both backed · 2
BitwiseFintech // Invested at Seed
$30M
130 more co-investors

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Firms observed investing alongside Electric Capital, from public investor directories. Shared companies are the overlap with Electric Capital's recorded portfolio.

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