🦊/Investors

Multicoin Capital

Venture capitaloperating company · company profile

Austin · Seed–Growth · 15 people tracked

Also known as MULTICOIN CAPITAL MANAGEMENT, LLC

Find your way into Multicoin Capital

3,195 people in our graph share verified history with the Multicoin Capital team — schools, employers, funds. One of them is your warm intro.

Dave Blivinunlockedknows John Robert · together at Techstars (overlapped)
×2knows the team · via The University of Texas at Austin
×4knows the team · via Techstars
knows the team · via NCAA
×2knows the team · via College of the Holy Cross
knows the team · via Georgetown Law
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Investment thesis

Multicoin Capital invests in cryptoassets, tokens, and blockchain companies across both public and private markets, positioning itself as a crypto-native, thesis-driven firm. Its investment segments span Layer 1 and execution protocols, stablecoins, DeFi (exchanges, lending, derivatives), real-world assets, crypto payments in developing regions, DePIN infrastructure (a category it pioneered in 2019), trust-minimized applications, commercialized cryptography including FHE and zero-knowledge proofs, MEV infrastructure, and the intersection of crypto with AI and machine learning. The firm actively participates in the networks it backs and is known for pioneering token economic models and valuation methodologies while challenging conventional assumptions in the crypto ecosystem.

Source: firm website, verified Sep 15, 2026.

Stage
Seed–Growth
Check
$1M – $50M
HQ
Austin, Texas, US
Leads rounds
Leads
Instruments
Equity
Founded
2017
Last 12 months
13 investments
AUM
$2.7B
Tracked investments
196
Unicorns
13
IPOs
4
Acquisitions
5

Team · 15 people

from the firm's website & curated & public directories
Pyahm Samani· Executive Officer
Jody Goehring· Investorin𝕏

Founder mafia

2 people who came through Multicoin Capital went on to found or lead other companies.

What they invest in

from 131 of 196 portfolio companies

Crypto & Web3 ×95Fintech ×62AI & Machine Learning ×35Data & Infrastructure ×33Developer Tools ×21Consumer ×14Cloud Computing ×13Deep Tech ×12

HQs:United States×47Canada×2Australia×1Switzerland×1Estonia×1Spain×1

Who they back

founder profiles across 83 portfolio companies
58%
solo founders
48 of 83 mapped founding teams
67%
repeat founders
of 89 founders with career history
~1 yr
old at investment
median across 17 dated deals

Founding team size:solo founder×482 founders×233 founders×84+ founders×4

Where their founders studiedfrom 81 founders with education data

Harvard University ×5Stanford University ×4University of California, Berkeley ×4Carnegie Mellon University ×3Columbia University ×3Duke University ×3Massachusetts Institute of Technology ×3The Hebrew University of Jerusalem ×3

What their founders studiedfrom 73 founders with field-of-study data

Computer Science ×35Business & Management ×10Mathematics & Statistics ×8Engineering ×7Economics ×6Finance & Accounting ×6Physics ×3Politics & Policy ×3

Where their founders worked beforefrom 89 founders with career history

Goldman Sachs ×6Bridgewater Associates ×5Coinbase ×3MIT Computer Science and Artificial Intelligence Laboratory (CSAIL) ×3Airbnb ×2BlackRock ×2BuzzDraft ×2Citadel ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×5

13 founders hold a PhD · 5 hold an MBA (of 82 with degree data) · backed the same founder in 2+ companies: 2 founders

Investments · 196 tracked

founders shown can be your intro path

By year:2026 · 132025 · 22024 · 92023 · 62022 · 222021 · 122019 · 12017 · 166 dated

Forward Industriesforwardindustries.comin𝕏NASDAQ: FWDI✓ verified

Forward Industries (NASDAQ: FWDI) is a Solana-focused digital asset treasury company that buys, holds, stakes, trades, and invests in SOL and Solana-related assets, protocols, and businesses.

Crypto & Web3FintechNew York, US

Michael Matte(Executive Officer)Terence Wise(Executive Officer, Director)Mike Pruitt(Interim Chief Executive Officer & Director)inMark Brazier(Chief Financial Officer)inGeorgia Quinn(General Counsel)inRyan Navi(Chief Investment Officer)in

Co-investorsJump CryptoLvna CapitalBlackRockGalaxy Digital Assets Fund

Coinbasecoinbase.comin𝕏Nasdaq: COIN

Coinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers.

Crypto & Web3FintechSan Francisco, US

Brian Armstrong(Co-founder & CEO)inFred Ehrsam(Co-founder)inEmilie Choi(President & COO)inAlesia Haas(Chief Financial Officer)inPaul Grewal(Chief Legal Officer & Secretary)inLawrence (L.J.) Brock(Chief People Officer)

Co-investors1confirmationA.Capital Venturesa16z cryptoAcrew CapitalAndreessen HorowitzAnsa Capital+54 more

Exponentexponent.comNASDAQ: EXPOApr 2026 · $5M

Exponent is a multidisciplinary engineering and scientific consulting firm that investigates accidents, failures, and technical disputes across industries including aviation, energy, infrastructure, and consumer products.

AI & Machine LearningDeep TechEnterprise Software

Catherine Ford Corrigan(President and Chief Executive Officer)Brian Kundert(Chief Human Resources Officer)inRichard L. Schlenker, Jr.(Executive Vice President and Chief Financial Officer)

Co-investors3one4 CapitalBullishEight Roads VenturesL1 DigitalLightspeed Venture PartnersPRELUDE+2 more

Robinhoodrobinhood.comin𝕏NASDAQ: HOODAug 2019

Robinhood is a financial trading platform that enables users to manage portfolios across stocks, ETFs, cryptocurrencies, options, futures, and prediction markets.

FintechMenlo Park, US

BAIJU BHATT(Executive Officer, Director)inVlad Tenev(Co-founder & CEO)inBaiju Bhatt(Co-founder)inJASON WARNICK(Executive Officer)inGRETCHEN HOWARD(Executive Officer)in

BoardSCOTT SANDELL(Director)in

Co-investors1/1 CapitalACME CapitalAlgerAmplo VenturesAndreessen HorowitzBLN Capital+42 more

Altitude𝕏✓ verified

Squads is a financial technology company building products and APIs for the stablecoin economy, including a Solana multisig tool, a business account (Altitude), a personal finance app (Fuse), and its stablecoin infrastructure and developer platform (Grid).

Crypto & Web3Developer ToolsFintech

Co-investorsHaun VenturesCoinbase VenturesElectric Capital6th Man VenturesMarin Digital VenturesCollab+Currency+6 more

Delphiadelphia.cominSeries A · Jun 2022 · $60M✓ verified

Delphia is an investment firm that applies AI and data-driven quantitative models to financial markets, running strategies such as a market-neutral quant equity fund and its Oracle Alpha hedge fund.

AI & Machine LearningFintech

Andrew Peek(CEO & Cofounder)inCliff van der Linden(Cofounder)inJonathan Briggs(Chief Investment Officer)in

Co-investorsRibbit CapitalBlack Jays VenturesBollinger Investment GroupGolden VenturesDay One Ventures

El Doradoeldorado.ioin𝕏May 2024 · $3M✓ verified

El Dorado is a financial SuperApp built for Latin America, offering USD accounts, currency exchange/P2P, a card, crypto, and yield ("Earn") through a set of miniapps.

Crypto & Web3Fintech

Guillermo Goncalvez(Founder)in

Co-investorsCoinbase VenturesFlori VenturesParadigm

Fhenixfhenix.ioin𝕏Sep 2023 · $7M✓ verified

Fhenix is a blockchain research and development company building FHE (Fully Homomorphic Encryption) infrastructure that lets developers run confidential computation on encrypted data in EVM-compatible smart contracts.

Crypto & Web3CybersecurityDeveloper Tools

Guy Itzhaki(Founder & CEO)inGuy Zyskind(Founder)in

Co-investorsCollider VenturesGSRHack VCNode CapitalAmber GroupMH Ventures+14 more

Filebasefilebase.cominFeb 2021 · $2M✓ verified

Filebase provides S3-compatible object storage with high-speed uploads and downloads, free egress, and a verifiable fingerprint for every object.

Cloud ComputingData & InfrastructureDeveloper ToolsBoston, US

Zachary Cohen(Director)Joshua Noble(Executive Officer, Director)in

PartnerKyle Samani· led

Co-investorsProtocol LabsRyan SelkisVersion One VenturesDelta Blockchain

Glifglif.io𝕏Seed · Feb 2024 · $4.5M✓ verified

GLIF provides DeFi and liquid staking infrastructure for the Filecoin network, including staking pools and a loyalty rewards program tied to its $GLF token.

Crypto & Web3Data & InfrastructureFintech

Jonathan Schwartz(Founder)

Co-investorsZee Prime CapitalStruck CapitalBig Brain HoldingsFinTech CollectiveProtocol Labs

Infinity Poolsinfinitypools.finance✓ verified

Infinity Pools is a decentralized finance protocol for trading with leverage, offering positions with no counterparty risk for liquidity providers and no liquidations as long as interest is paid.

Crypto & Web3Fintech

Co-investorsStandard CryptoWintermuteDragonflyFolius VenturesGSR VenturesKRONOS+3 more

Squadssquads.xyz𝕏✓ verified

Squads is a financial technology company building products and APIs for the stablecoin economy, offering tools for teams, businesses, and individuals to transact with stablecoins and tokenized assets on the Solana blockchain.

Crypto & Web3FintechSaaS

Co-investorsHaun VenturesCoinbase VenturesElectric Capital

Aaveaave.comin𝕏

Aave Labs is the original author and contributor to Aave, a decentralized finance (DeFi) protocol for lending and borrowing crypto assets.

Crypto & Web3Fintech

Co-investorsAegis VentuesArkStream CapitalBig Candle CapitalBlockchain CapitalBlockchain CoinvestorsDeFiance Capital+13 more

Alethea On-chain AI agentsalethea.aiin𝕏

Alethea AI builds at the intersection of artificial intelligence and blockchain, introducing intelligent NFTs (iNFTs) and working on decentralized, user-owned AI systems and autonomous agents.

AI & Machine LearningCreator EconomyCrypto & Web3Marketing Tech

Arif Khan(Founder)in

Co-investorsD1 VenturesFuture Perfect VenturesGhaf Capital PartnersNascentRed Beard VenturesChapter One+2 more

Algorandalgorand.coin𝕏

The Algorand Foundation supports and grows the Algorand blockchain ecosystem by improving the developer experience, contributing to core protocol infrastructure and standards, and enabling decentralized governance.

Crypto & Web3Deep TechDeveloper ToolsFintechQuantum Computing

Silvio Micali(Founder)in

Co-investorsAlumni VenturesAndromeda CapitalArrington CapitalBasecamp FundBig Candle CapitalBixin Capital+23 more

Alliance Labsalliance.xyzin𝕏

Alliance is a selective accelerator and founder community for crypto and AI startups, providing $1M in funding, a 10-week program (in-person in New York City plus remote), mentorship, and connections to investors to help startups reach product-market fit.

AI & Machine LearningCrypto & Web3New York City, US

Imran ..(Founder)in

Co-investorsFounders FundAdaverseCoinbase VenturesCoinFundKindred VenturesNascent+8 more

Aptosaptoslabs.comin𝕏

Aptos Labs develops a Layer 1 blockchain platform using the Move programming language and parallel execution technology, serving developers and users building decentralized applications.

Crypto & Web3Developer ToolsNew York City, US

Avery Ching(CEO and Co-Founder)inMo Shaikh(Founder)inAlin Tomescu(Head of Cryptography)inSasha Spiegelman(Head of Research)Zekun Li(Head of Blockchain)in

Co-investorsa16z cryptoDragonflyAndreessen HorowitzArrington CapitalBixin CapitalBixin Ventures+6 more

Aptosaptosfoundation.org

A layer 1 blockchain engineered to evolve.

Co-investorsBorderless VentureMEXC VenturesPillar VCVariant FundAndreessen HorowitzJump Crypto+2 more

Archarch.networkin𝕏Seed · May 2024 · $7M

Arch is a Bitcoin-native chain and execution environment (ArchVM) that lets institutions and users borrow, lend, earn yield, swap, and build financial applications that settle directly to Bitcoin without bridging, wrapping, or leaving self-custody.

Crypto & Web3Data & InfrastructureFintech

Amine ElQaraoui(Founder)in

Co-investorsBig Brain HoldingsAsymmetricCartaCiti VenturesCraft VenturesMenlo Ventures+3 more

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)in

Co-investors1k(x)1kxa16z cryptoAdvanced BlockchainAndreessen HorowitzArrington Capital+24 more

Audiusaudius.co𝕏

Audius operates a free music streaming service positioned for artists, labels and fans.

San Francisco, US

Roneil Rumburg(Executive Officer, Director, Promoter)in

Co-investorsAmentum Investment ManagementCoinbase VenturesCollab+CurrencyCultur3 CapitalDeepTech VenturesDria Ventures+8 more

Baxusbaxus.coin𝕏Seed · May 2024 · $5M

BAXUS is a peer-to-peer marketplace for buying, selling, trading, and storing rare and collectible spirits and wine, serving casual drinkers and serious collectors.

ConsumerE-commerceMarketplaces

Carrie Kellar(Founder)inRichard Morrowin

Co-investorsNarwhal VenturesFJ Labs

BetDEXbetdex.comNov 2021

BetDEX is a Solana-based decentralised sports betting exchange founded by former FanDuel executives.

Claymont, US

Nigel Eccles(Director)Varun Sudhakar(Executive Officer, Director)

Co-investors6th Man VenturesLightspeed Venture PartnersMantis CapitalParadigmRyze LabsEverblue Management+2 more

Blackbird Labsblackbirdlab.orginJun 2022

Blackbird Laboratories is a nonprofit life sciences incubator that translates university research breakthroughs into venture-ready biotech companies focused on developing new medicines and enabling technologies.

BiotechDeep TechBaltimore, US

Ben Leventhal(Executive Officer, Director)inMatt Tremblay, PhD(Chief Executive Officer)inEddie Cherok, PhD(Chief Business Officer)in

BoardFred Wilson(Director)inMo Koyfman(Director)inMarguerite Mariscal(Director)

Co-investorsUniversity System of Maryland Momentum FundAmex VenturesAndreessen HorowitzBrooks ReitzCircle VenturesCoinbase Ventures+6 more

Blackbird.xyzblackbird.xyzin

Blackbird is a restaurant loyalty, membership and payments platform with a consumer dining-rewards app built on blockchain rails.

Ben Leventhal(Founder)in

Co-investorsa16z cryptoAndreessen HorowitzCoinbase VenturesMischiefQED InvestorsShine Capital+2 more

Braintrustusebraintrust.comin𝕏

Braintrust offers an AI-powered suite for enterprise hiring, assessment, and operations, including a vetted talent marketplace, an AI recruiting and screening tool, and custom AI automation agents.

AI & Machine LearningFuture of WorkHR Tech

Adam Jackson(Co-founder)inGabe Luna-Ostaseski(Founder)

Co-investorsACME CapitalAusum VenturesCoatue ManagementCoinbase VenturesDanu VenturesFuture Perfect Ventures+7 more

Breezebreeze.comin𝕏

Breeze provides a single API integration that lets companies process payments and payouts to their users, acting as a global merchant of record that handles payment methods (card, bank, crypto), chargeback liability, sales tax collection, and billing support.

Crypto & Web3FintechSaaSNew York City, US

Millie Yang(Founder)inPeng Du(Founder)in

Co-investorsSequoia Capital

burntgetburnt.aiin𝕏Jan 2022 · $8M

Burnt builds AI agents for food distribution and supply chain operations, automating manual workflows and inventory management tasks that have historically relied on legacy tools and spreadsheets.

AI & Machine LearningEnterprise SoftwareFoodTechLogistics & Supply ChainSan Francisco, US

Joseph Jacob(Founder)inRhea Karimpanal(Founder)inChandru Shanumugasundaram(Founder)inJJ(Co-Founder & CEO)

Co-investorsPenny Jar Capital VentureScribble VenturesY CombinatorAlameda ResearchAlliance DAO (ex DeFi Alliance)Animoca Brands+6 more

Catalogcatalog.fi

Hamish Gunasekara(Founder)in

Catenacatena-nano.cominJun 2026 · $30M

The page is a blog post offering beginner tips for planning a first concrete pour, covering site preparation, forming, finishing, and curing.

Construction Tech

Co-investorsElevate Venturesa16z cryptoAcrew CapitalBreyer CapitalGeneral CatalystGV (Google Ventures)+5 more

Catena Labscatena.comin𝕏Jun 2026 · $30M

Catena is building a financial institution for AI agents, combining a technology platform with a national trust bank that lets agents transact under human-defined policies with deterministic policy enforcement, audit trails, and verifiable agent identity.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintech

Sean Neville(CEO, Founder)inMatt Venables(CTO, Founder)in

Co-investorsAcrew CapitalBreyer CapitalCoinbase VenturesOak HC/FTPillar VCQED Investors+4 more

Catena Labscatenalabs.comin𝕏Jun 2026 · $30M

Catena is building a financial institution purpose-built for AI agents, combining a technology platform with a national trust bank to provide regulated banking with deterministic policy enforcement and immutable audit trails.

AI & Machine LearningEnterprise SoftwareFintech

Sean Neville(CEO)inMatt Venables(CTO)in

Co-investorsa16z cryptoAndreessen HorowitzAcrew CapitalParadigmRobot VenturesSequoia Capital

Creatorcabinscreatorcabins.com

Cabin built a distributed network of coliving properties in nature for remote workers and digital nomads, starting from a 28-acre Texas Hill Country property and growing to dozens of locations worldwide.

Crypto & Web3Future of WorkSocial

Crunch Daocrunchdao.comin𝕏

CrunchDAO runs machine learning competitions that connect organizations with a global research community to turn investing and forecasting problems into crowdsourced ML challenges.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintech

Co-investorsFabric VenturesGlobivest

cybercyber.co

Cyber is an Ethereum Layer 2 network that brings social primitives onchain and pairs them with an AI suite for crypto intelligence.

AI & Machine LearningCrypto & Web3Data & InfrastructurePalo Alto, US

Zhimao Liu(Founder)

Co-investorsDraper DragonINCE CapitalIOSG VenturesLattice CapitalSpice CapitalHashed

Data & Security Earlyskalelabs.com

Jack O'Holleran(Founder)in

Co-investorsAcrew CapitalHashedSignia Venture Partners

dClimatedclimate.netin𝕏Seed · Apr 2021 · $4M

dClimate operates a decentralized platform where businesses, governments, researchers, and policymakers can access, contribute, and monetize verified climate data such as historical weather, climate models, and data on perils like hurricanes, floods, and wildfires.

Climate TechCrypto & Web3Data & InfrastructureNew York, US

Osho Jha(Founder)inTodd Olson(Executive Officer)

Co-investorsCarnrite VenturesCoinFundGiant Ventures Global LlpJuniperLightbankOpen Field Capital

Dfinitydfinity.orgin𝕏Apr 2021

DFINITY builds the Internet Computer, a decentralized cloud network that enables applications to run directly on the blockchain with persistent state, native HTTP serving, and built-in security without requiring external databases or a dedicated operations team.

AI & Machine LearningCloud ComputingCrypto & Web3Developer Tools

Dominic Williams(Founder)in

Co-investorsa16z cryptoAcrew CapitalAmino CapitalAndreessen HorowitzAspect VenturesBollinger Investment Group+17 more

DFlowdflow.netMay 2026 · $100M

DFlow is a decentralized finance protocol offering a unified API for spot trading across aggregated Solana liquidity.

Co-investorsCoinbase VenturesPetRock CapitalWintermuteCircle VenturesFramework VenturesMoonPay+1 more

Dfusedfuse.io𝕏

StreamingFast (dfuse) builds blockchain data infrastructure, including the Firehose extraction layer and Substreams, a parallelized streaming engine that lets developers write Rust modules to index and transform full blockchain histories and sink the data to destinations like PostgreSQL, Kafka, or subgraphs.

Crypto & Web3Data & InfrastructureDeveloper Tools

Co-investorsPanache VenturesWhite Star Capital

Dialectdialect.toin𝕏Feb 2022 · $4.1MAcquired

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

Co-investorsElectric CapitalProtagonistY CombinatorAsymmetricJump CryptoOtium Capital+1 more

Dialectusedialect.comMar 2022 · $4.1MDefunct

Dialect builds AI software that generates automated responses to forms, RFPs, and questionnaires by leveraging a company's internal knowledge base.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSSan Francisco, US

James Thomas(Founder)inTony Ginart(Founder)inTejas Sundaresan(Founder)in

Co-investorsY CombinatorJump CryptoOtium Capital

Drift Protocoldrift.trade𝕏Sep 2024 · $30M

Drift is a decentralized trading platform on Solana that allows users to trade perpetual futures and spot markets with leverage up to 101x, earn yield on deposits, and access credit solutions.

Crypto & Web3Fintech

Co-investorsBixin CapitalBixin VenturesEquilibrium VenturesRobot VenturesTether

Dune Analyticsdune.xyzFeb 2022 · $69M

Crypto data platform letting users query indexed blockchain data with SQL and publish shareable dashboards.

Mats Olsen(Founder)in

Co-investorsCoatue ManagementDragonflyMetastableRedpoint VenturesUnion Square Ventures (USV)Wonder Ventures+2 more

Eden Networkedennetwork.ioSeed · Sep 2021 · $17M

Marcos del Río Vilariñoin

Co-investorsGenblock Capital

Ensoensoanalytics.comin𝕏Apr 2021 · $5M

Enso is an AI-first data preparation and blending platform that enables data teams to ingest, clean, transform, and analyze structured and unstructured data across multiple sources including databases, files, and APIs.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSKraków, PL

Sylwia Brodacka(Founder)in

Co-investorsBalnord Sp. z o.o.Y CombinatorKhosla VenturesNFXPolychain CapitalSignalFire+1 more

Ensoenso.securityin𝕏Apr 2021 · $5Macquired by Snyk

Enso Security (presented on the page as Snyk's AI Security Platform) provides an independent security layer that validates AI-generated code, governs development agents, and secures AI-native applications.

AI & Machine LearningCybersecurityDeveloper Tools

Roy Erlich(Founder)in

Co-investorstoDay VenturesYL VenturesElaiaNFXPolychain CapitalTHE LAO

Ensoenso.finance𝕏

Enso provides a development platform for building blockchain applications, offering pre-built Actions and Shortcuts that abstract smart contract interactions to eliminate manual integration work.

Crypto & Web3Developer Tools

Connor Howe(Founder)in

Co-investorsHypersphere VenturesPolychain Capital

Ethena Labsethena.fi𝕏

Ethena operates a crypto protocol offering USDe, a digital dollar, and sUSDe, a reward-accruing asset backed by collateralized assets with third-party attestations.

Crypto & Web3Fintech

Guy Young(Founder & CEO)in

Co-investorsAlphaLab CapitalBitDAOBreedCaladanCVP NoLimitF-Prime Capital+17 more

Ev3ev3.xyz

Escape Velocity (EV3) is an early-stage venture investor that writes $500K–$5M checks and partners with founders building frontier technology companies.

Crypto & Web3Deep Tech

Salvador Gala(Co-founder & Managing Partner)in

FastLanefastlane.xyz𝕏Seed · May 2023 · $2M

FastLane provides a maximal extractable value (MEV) protocol and liquid staking token (shMON) for the Monad blockchain, enabling validators and token holders to capture transaction ordering fees and staking rewards.

Crypto & Web3

Alex W.(Founder)inJordan Hagan(Founder)in

Co-investors57Blocks CapitalCoinbase VenturesFigment

Fhenixfhenix.xyz

Building the first Fully Homomorphic Encryption-powered L2.

Guy Zyskind(Founder)inGuy Itzhakiin

Co-investorsBankless VenturesHack VCIOSG VenturesNode CapitalAmber GroupCollider Ventures+5 more

Flowonflow.org𝕏

Flow is a blockchain network designed for consumer decentralized finance applications, offering institutional-grade financial products, yield optimization, and automated strategies with features like prediction markets, home equity credit lines, and scheduled transactions that require no cryptocurrency knowledge.

ConsumerCrypto & Web3Fintech

Co-investorsa16z cryptoAppWorks VenturesCeras VenturesValor Capital GroupWhite Paper CapitalYoubi Capital

Fluencefluence.network𝕏

Fluence is a decentralized "cloudless" computing platform that combines blockchain with high-performance computing to let developers build and scale applications without relying on centralized cloud providers.

AI & Machine LearningCloud ComputingCrypto & Web3Deep Tech

Evgeny Ponomarev(Co-Founder & COO, Cloudless Labs)inTom Trowbridge(Co-Founder & CEO, Cloudless Labs)Dmitry Kurinskiy(Co-Founder & CTO, Cloudless Labs)inBernhard Borges(Chief Scientist, Cloudless Labs)

Co-investorsPolymorphic CapitalSignum Capital1kx

Fluidityfluidity.money𝕏

Fluidity was a cryptocurrency platform offering fluid assets (fUSDC, fUSDT, fFRAX) on Arbitrum that distributed rewards to users.

Crypto & Web3Fintech

Shahmeer C.(Founder)in

Co-investorsLemniscapPresence Capital

Fractalfractal.is

Fractal is a gaming platform offering free browser-based games, tournaments and rewards, plus tooling for game studios.

Co-investors1/1 CapitalEniac VenturesParadigmPosition VenturesTPG

FTXftx.com

Cryptocurrency exchange offering derivatives, options, volatility products and leveraged tokens.

Co-investorsGenblock CapitalHomebrewNew Enterprise Associates (NEA)Sequoia CapitalParadigmSoftBank Group+2 more

Funfun.countryMay 2026 · $72M

Poker Skill is a poker-learning app that teaches strategy through interactive puzzles and short guided lessons for players from beginner to expert, with progress tracking, streaks, and personalized learning paths.

AI & Machine LearningEdTechGaming

Co-investorsTRANSCENDNZVCPharsalus CapitalSignalFireStreamlined Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

01AlphafinanceBabelBuidlersTribeCheddrCoinbooksCoralDaoexDeep DAODforceDuneanalyticsEnso FinanceExoticExotic MarketsFantigerGeodeGeode FinanceGmrGraph ProtocolHeroicstoryHubble ProtocolInferenceIO.Net Accessible, cheap compute AIJukeMatoneeMevvynetworkNervosPerpRealySaberSaladSatelliteSeed Club Consumer SeedSei LabsSolana LabsSolscanTrasia LabsUnlonelyUxd

Exits · 9

4 IPOs · 5 acquisitions · showing 6

Forward IndustriesNASDAQ: FWDICoinbaseNasdaq: COINExponentNASDAQ: EXPORobinhoodNASDAQ: HOODEnsoacq. by SnykTagomiacq. by Coinbase

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Multicoin Capital made?
Multicoin Capital has 196 tracked investments, 9 of which have exited, including 16 dated in the last 24 months.
What stage does Multicoin Capital invest at?
Multicoin Capital invests at the Seed, Series A, Series B, Series C, Growth stages.
What is Multicoin Capital's typical check size?
Multicoin Capital typically writes checks of $1M – $50M.
What sectors does Multicoin Capital focus on?
Multicoin Capital focuses on AI & Machine Learning, Consumer, Crypto & Web3, Data & Infrastructure, Enterprise Software, Fintech.
Where is Multicoin Capital located?
Multicoin Capital is headquartered in Austin, US.
Does Multicoin Capital lead rounds?
Yes, Multicoin Capital leads investment rounds.
Who does Multicoin Capital co-invest with?
Multicoin Capital most often shares deals with Coinbase Ventures, Andreessen Horowitz, a16z crypto, among 437 tracked co-investors.

From the blog

visit blog ↗

Multicoin has recently published deep analysis on Hyperliquid's exchange platform and valuation, discussed leadership promotions within the firm, and examined how real-world assets will reshape decentralized finance through blockchain settlement and tokenization. AI summary

Media · Podcasts & interviews

featuring the team

Multicoin Capital’s Kyle Samani on Internet Capital Markets

All-In Podcast · Kyle Samani

Breakpoint 2025: The Solana Constitution: Multicoin Capital (Tushar Jain), Jito (Nick Almond)

Solana · Tushar Jain

Kyle Samani, Multicoin Capital | theCUBE + NYSE Wired: Crypto Trailblazers

SiliconANGLE theCUBE · Kyle Samani

Kyle Samani, Multicoin Capital & Forward Industries | Shaping the Future of Internet Capital Markets

Searching for Mana · Kyle Samani

E123: I never look at price. Kyle Samani - Multicoin Capital

10ampro · Kyle Samani

Tushar Jain: Multicoin Capital – Investing in DePIN and the Future of Compute (#6)

Fluence · Tushar Jain

Images

Multicoin Capital photo

Co-investors · 66

Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M
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
CoinFund

CoinFund is a crypto-focused investment firm that backs and partners with companies building open, decentralized technology across finance, infrastructure, and AI.

$6M – $10M
Dragonfly

Dragonfly is a crypto-focused investment firm comprising Dragonfly Ventures, Dragonfly Liquid, and Metastable, an early crypto hedge fund it acquired. It invests in and researches blockchain, tokens, and crypto companies.

$3M – $30M
Union Square Ventures (USV)

Union Square Ventures is a venture capital firm based in New York City that invests at the edge of large markets undergoing transformation from technological and societal pressures.

$1M – $8M
Robot Ventures

Robot Ventures is a $75M early-stage crypto fund founded and led by Robert Leshner (Compound) and Tarun Chitra (Gauntlet), who actively run major DeFi companies while managing the fund, giving founders direct access to operators at the center of on-chain markets. The fund specializes in backing highly technical crypto primitives at the pre-seed stage before they become marquee names, leveraging deep quant research expertise to evaluate complex DeFi mechanisms that many generalist VCs struggle to understand.

$100K – $1M
Hack VC

Hack VC is a venture capital firm investing in early-stage crypto, blockchain infrastructure, decentralized finance, and AI companies.

$3M
Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

$4.4M – $214M
Tiger Global Management

Tiger Global Management operates public equity strategies (long/short, long-focused and crossover) and a private equity business investing in early- through late-stage growth companies across new and existing industries.

$1M – $100M
Solana Ventures

Solana Ventures is an investment firm that backs teams building on the Solana blockchain to accelerate innovation and drive onchain adoption.

$10K – $250K
Hashed

Hashed is a venture firm backing founders building in AI, crypto, and frontier technology, offering hands-on ecosystem support to portfolio companies from inception to global scale.

$1M – $37M
Variant Fund

Variant is a venture capital firm investing in technology that expands user autonomy through greater access, knowledge, and ownership, focusing on new markets, infrastructure, and applications.

$250K – $750K
54 more co-investors

Reciprocal VenturesHaun VenturesAsymmetricFoundation CapitalA.Capital VenturesSignum CapitalKhosla VenturesNew Enterprise Associates (NEA)Ribbit CapitalDivergenceVOLT CAPITALAbstract VenturesWinklevoss CapitalAmbush CapitalFramework VenturesGV (Google Ventures)Greylock PartnersSouth Park CommonsAntiFJ LabsFirstMark CapitalGalaxy Digital Assets FundAccelerator VenturesGreenoaksConvictionArchetypeHaymaker VenturesKrakenTrue VenturesDST GlobalGoat CapitalStellar CapitalUlu VenturesTrajectory Ventures2048 VenturesBAM VenturesM13Awesome People VenturesDecibel PartnersPolygonCrunchFundSeed Club VenturesCanaryLCXConversion CapitalVerified CapitalSID Venture PartnersAlchemy VenturesEthereal Ventures Management Ltd.Gemini Israel VenturesGnosis DAORepublic Capital (ex Republic Labs)FounderPartnersLevel Ventures

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

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