/Investor DB

Multicoin Capital

Crossover fundoperating company · company profile

Austin · Seed–Series A · 13 people tracked

Also known as MULTICOIN CAPITAL MANAGEMENT, LLC

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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 Oct 3, 2026.

Stage
Seed–Series A
Check
$1M – $50M
HQ
Austin, Texas, US
Leads rounds
Leads
Instruments
Equity
Founded
2017
Last 12 months
13 investments
AUM
$2.7B
Tracked investments
220
Unicorns
18
IPOs
4
Acquisitions
7

Team · 13 people

from the firm's website & curated & public directories
Mason Nystrom· Investment Partner

Founder mafia

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

What they invest in

from 153 of 220 portfolio companies

Crypto & Web3 ×103Fintech ×65AI & Machine Learning ×45Data & Infrastructure ×45Developer Tools ×27Enterprise Software ×17Consumer ×15Cloud Computing ×14

HQs:United States×60Canada×3United Kingdom×3Australia×2United Arab Emirates×1Switzerland×1

Who they back

founder profiles across 96 portfolio companies
26%
solo founders
25 of 96 mapped founding teams
54%
repeat founders
of 91 founders with career history
~1 yr
old at investment
median across 27 dated deals

Founding team size:solo founder×252 founders×333 founders×234+ founders×15

Where their founders studiedfrom 84 founders with education data

Harvard University ×5Stanford University ×5University of California, Berkeley ×5Massachusetts Institute of Technology ×4Carnegie Mellon University ×3Columbia University ×2Duke University ×2EPITA: Ecole d'Ingénieurs en Informatique ×2

What their founders studiedfrom 79 founders with field-of-study data

Computer Science ×38Business & Management ×10Mathematics & Statistics ×9Economics ×7Engineering ×7Finance & Accounting ×6Physics ×4Politics & Policy ×4

Where their founders worked beforefrom 91 founders with career history

Goldman Sachs ×6Bridgewater Associates ×5Coinbase ×3MIT Computer Science and Artificial Intelligence Laboratory (CSAIL) ×30x Labs ×2Airbnb ×2BlackRock ×2BuzzDraft ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×5Techstars ×2

14 founders hold a PhD · 5 hold an MBA (of 90 with degree data)

Investments · 220 tracked

founders shown can be your intro path

By year:2026 · 122025 · 52024 · 102023 · 72022 · 242021 · 152020 · 12019 · 32018 · 12017 · 179 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(CEO)inFred Ehrsam(Board Of Directors)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 CapitalAdventure FundAndreessen Horowitz+97 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-investorsBullish3one4 CapitalEight Roads VenturesGGV CapitalL1 DigitalLightspeed Venture Partners+3 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

Vlad Tenev(Founder)inBaiju Bhatt(Founder)inJason Warnick(Chief Financial Officer)inGretchen Howard(Executive Officer)inVladimir Tenev(Founder)

BoardScott Sandell(Director)in

Co-investors1/1 CapitalACME CapitalAlgerAliya Capital PartnersAmplo VenturesAndreessen Horowitz+66 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(Founder)inCliff van der Linden(Cofounder)inJonathan Briggs(Chief Investment Officer)in

Co-investorsRibbit CapitalBlack Jays VenturesBollinger Investment GroupFJ LabsGolden VenturesM13+1 more

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)inJana Petkanic(Founder)

Co-investorsCoinbase VenturesFlori VenturesParadigmVerda Ventures

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)inGuy Zyskind(Founder)inDr. Guy Zyskind(Founder)

Co-investorsCollider VenturesGSRHack VCNode CapitalAmber GroupMH Ventures+15 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-investorsVersion One VenturesProtocol LabsRyan SelkisDelta 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

Moonwalkmoonwalk.fit✓ verified

Moonwalk is a fitness accountability app built on the Solana blockchain where users pool crypto with friends, set step-based goals tracked via fitness apps, and redistribute deposits between participants based on who meets the goals.

Crypto & Web3Sports TechWellness & Fitness

Nom(Co-Founder)kw(Co-Founder)Swol Sol(Co-Founder)

Co-investorsCastle Island VenturesFramework VenturesMonadSolana FoundationSolana LabsFlowdesk+1 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 Capital6th Man VenturesCollab+CurrencyJump Crypto+4 more

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

Stani Kulechov(Founder)in

Co-investorsAegis VentuesArkStream CapitalBig Candle CapitalBlockchain CapitalBlockchain CoinvestorsCoinIx Capital+15 more

Alethea AIalethia.aiin𝕏

ALETHIA AI builds AI systems at the intersection of artificial intelligence and blockchain, having introduced intelligent NFTs (iNFTs) and now developing autonomous agents and decentralized, user-owned AI.

AI & Machine LearningCreator EconomyCrypto & Web3Deep TechMarketing Tech

Arif Khan(Founder)in

Co-investorsBlockchain CoinvestorsChapter OneD1 VenturesFuture Perfect VenturesGhaf Capital PartnersHTX Ventures (ex Huobi Ventures)+8 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)inSteven Kokinos(Founder)

Co-investorsAlumni VenturesAndromeda CapitalArrington CapitalBasecamp FundBig Candle CapitalBixin Capital+27 more

Alliance DAO (ex DeFi Alliance)alliance.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)inImran Khan(Founder)Jacob Franek(Founder)Qiao Wang(Founder)

Co-investorsFounders FundAdaverseCoinbase VenturesCoinFundFounderheads,gumi Inc+15 more

Alphafinancealphafinance.io

Alpha Finance operates a free, no-signup crypto market terminal with 26 live dashboards covering liquidations, funding rates, whale positions, spot ETF flows, on-chain indicators, DeFi yields and prediction-market data, updated every minute from exchange and data-provider feeds.

Crypto & Web3Data & InfrastructureFintechSydney, AU

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(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+15 more

Aptosaptosfoundation.org

A layer 1 blockchain engineered to evolve.

Avery Ching(Founder)Mo Shaikh(Founder)in

Co-investorsBorderless VentureMEXC VenturesPillar VCVariant FundAndreessen HorowitzBixin Ventures+7 more

Archgetarch.comin

Arch provides AI-powered software for home services contractors in HVAC, plumbing, and electrical to identify sales prospects, detect at-risk customers for retention, and uncover upsell opportunities.

AI & Machine LearningMarketing TechSaaSSan Francisco, US

Phil K.(Founder)inJason Meltzer(Founder)Jason Trigg(Founder)Joel Stein(Founder)Phil Krinner(Founder)Philipp Krinner(Founder)

Co-investorsCoatue ManagementFloodgateGigascale CapitalOak HC/FTAsymmetricCastle Island Ventures+8 more

Arch Networkarch.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-investorsABCDE CapitalAsymmetricBig Brain HoldingsPantera CapitalCartaCiti Ventures+5 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)inWilliam Jones(Founder)

Co-investors1k(x)1kxa16z cryptoAdvanced BlockchainAndreessen HorowitzArrington Capital+25 more

Audiusaudius.co𝕏

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

San Francisco, US

Roneil Rumburg(Founder)inForrest Browning(Founder)

Co-investorsAmentum Investment ManagementCoinbase VenturesCollab+CurrencyCultur3 CapitalDeepTech VenturesDria Ventures+9 more

Bakkt fintech-blockchainbakkt.com

Andy MaininGavin MichaelinJeffrey Sprecher(Founder)Kelly Loeffler(Founder)

Co-investorsEthos VCHorizons VenturesNight Owl VenturesPantera CapitalSGH CapitalSPiCE VC+3 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 MorrowinTzvi Wiesel(Founder)

Co-investorsFJ LabsNarwhal Ventures

BetDEXbetdex.comNov 2021

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

Claymont, US

Nigel Eccles(Founder)Varun Sudhakar(Founder)Stuart Tonner(Founder)

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

Birch Hill Holdingsbirchhill.ioin𝕏

Birch Hill provides infrastructure and risk management tools for institutional investors to allocate capital and trade assets on blockchain networks.

Crypto & Web3Data & InfrastructureFintechOld Westbury, US

Raizada Bhavin Vaid(Executive Officer, Director, Promoter)Jack ForlinesinBhavin V.in

BoardConnor Flanagan(Director)inShayon Sengupta(Director)

Co-investorsParaFi CapitalParafi General FundCastle Island VenturesFalconX VenturesFlowdesk

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-investorsUnion Square Ventures (USV)University System of Maryland Momentum FundAmex VenturesAndreessen HorowitzBrooks ReitzCircle 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)inCarsten Lund Hansen(Founder)Martin Assenholm Nielsen(Founder)Michael Damsgaard Jensen(Founder)

Co-investorsa16z cryptoAndreessen HorowitzCircle VenturesCoinbase VenturesMischiefQED Investors+8 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(Founder)inGabe Luna-Ostaseski(Founder)Ankur Goyal(Founder)Brian Flynn(Founder)Gabriel Luna-Ostaseski(Founder)

Co-investorsACME CapitalAusum VenturesCoatue ManagementCoinbase VenturesDanu VenturesFuture Perfect Ventures+11 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 CapitalFiat VenturesInvest NebraskaLink VenturesM25

Breeze Socialbreeze.social

Breeze is a dating app founded in the Netherlands that focuses on moving online matches into real-life meetings.

ConsumerSocial

Daan Alkemade(Founder)inMarco van der Woude(Founder)Marsha Goei(Founder)Thomas van der Pas(Founder)

Co-investorsFJ LabsF2 Venture CapitalInvest NebraskaPhenomen Ventures

Buidlers Tribebuidlerstribe.comPre-Seed · Aug 2022 · $1M

Co-investorsBetter CapitalRyze Labs

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(CEO)inRhea Karimpanal(Founder)inChandru Shanumugasundaram(CTO)inJJ(Co-Founder & CEO)Rhea Karimpanal(CPO)in

Co-investorsPenny Jar Capital VentureScribble VenturesY CombinatorAlameda ResearchAlliance DAO (ex DeFi Alliance)Animoca Brands+7 more

Catalogcatalog.worksin𝕏

Catalog is a platform where musicians sell their music directly to fans, with artists getting paid at the moment of purchase.

Creator EconomyMarketplacesMedia & Entertainment

Hamish Gunasekara(Founder)inJeremy Stern(Founder)Michael Mckain(Founder)

Co-investors1confirmationInflection.xyzKindred VenturesDCVC (Data Collective)New Enterprise Associates (NEA)OS Fund+3 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 VenturesIaso VenturesQED Investorsa16z cryptoAcrew CapitalBreyer Capital+6 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(Founder)inMatt Venables(Founder)inBrice Stacey(Founder)

Co-investorsa16z cryptoAcrew CapitalAndreessen HorowitzBreyer CapitalCircle VenturesCoinbase Ventures+10 more

Community Gamingcommunitygaming.ioApr 2022Defunct

Community Gaming operated a platform for grassroots competitive gaming tournaments and player payouts; it wound down in 2026.

New York, US

Michael Kriak(Director)Evan Feng(Director)Chris Gonsalves(Executive Officer, Director)Hayder Sharhan(Director)

Co-investorsA100X VenturesBitDAOCoinFundConsenSys MeshHashedMantle Network+14 more

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 VenturesFactor CapitalGlobivest

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)Wilson Wei(Founder)

Co-investorsDraper DragonHashedINCE CapitalIOSG VenturesLattice CapitalSky9 Capital+1 more

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+1 more

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+30 more

DFlowdflow.netMay 2026 · $100M

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

Co-investorsCircle VenturesCoinbase VenturesPetRock CapitalWintermuteFramework 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.toin𝕏Seed · Feb 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)inKeri McKiernanSelina Antela Martinez(Operations Manager)Nick Zhelezkov(Engineering Manager)Mark Wittman(Head of Ecosystem)Dylan Hattem(Head of Growth)

Co-investorsAsymmetricElectric CapitalFoundation CapitalProtagonistY CombinatorAnagram Ventures+12 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)inChris Osborn(Founder)in

Co-investorsY CombinatorAsymmetricCaffeinated CapitalCoatue ManagementJump CryptoMenlo Ventures+4 more

Doublezerodoublezero.techin

A platform that lets developers create autonomous agents by providing infrastructure for reasoning, state management, and analytics, while offering end users a marketplace and interface to interact with and share agents.

AI & Machine LearningDeveloper ToolsEnterprise Software

Scott Moss(Founder)inTravis Ueki(CTO)inAustin Federa(Founder)inAndrew McConnell(Founder)Mateo Ward(Founder)Albrey Brown

Co-investorsReciprocal VenturesWintermuteY CombinatorCapitalize VCDragonflyRockawayX

DoubleZerodoublezero.xyzin𝕏

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-investorsCrucible CapitalDragonflyFoundation CapitalGSRMetastableMH Ventures+4 more

Driftdrift.energyin𝕏Oct 2021 · $3.8M

DRIFT develops renewable energy infrastructure intended to operate at large scale.

CleantechClimate TechEnergyBath, GB

Ben Medland(Founder)in

Co-investorsOctopus VenturesAlameda ResearchJump CapitalNot3Lau CapitalQCP CapitalRobot Ventures+1 more

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

Cindy Leow(Founder)David Lu(Founder)

Co-investorsBixin CapitalBixin VenturesEquilibrium VenturesRobot VenturesTether

Dunedune.comin𝕏Sep 2020

Dune provides normalized blockchain datasets covering 130+ chains, including stablecoin, prediction market, tokenized real-world asset, and token balance data, delivered into customers' existing data warehouses such as Snowflake, Databricks, or BigQuery.

Crypto & Web3Data & InfrastructureFintechOslo, NO

FredrikMatsFredrick Haga(Founder)Fredrik Haga(Founder)Mat Olsen(Founder)Mats Julian Olsen(Founder)

Co-investorsAmbush CapitalBitDAOCoinbase VenturesCoinFundDigital Currency GroupDivergence+16 more

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

Duneanalyticsduneanalytics.com

Fredrik Haga(Founder)Mats Olsen(Founder)

Co-investorsIsomer CapitalDragonflyRedpoint VenturesUnion Square Ventures (USV)

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)inWojciech Daniło(Founder)inWojciech DaniloGreg Ociepka(manager)

Co-investorsBalnord Sp. z o.o.Samsung NextY CombinatorAbstract VenturesDay One VenturesDeepbridge Capital+15 more

Ensoenso.security𝕏Apr 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

Other

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

01BabelCheddrClockworkCoinbooksCoralDaoexDeep DAODforceExoticExotic MarketsFantigerGeodeGeode FinanceGmrGraph ProtocolHeroicstoryHubble ProtocolJukeMatoneeMevvynetworkPerpRealySaberSalad VenturesSei LabsSolscanTari

Browse all 220 investments with full details →

▶20 more tracked companies

The Giving BlockThe GraphThorchainTiblesTilt (f.k.a. Delphia)TimeswapTipLinkTrasiaTrasia LabsTriumph LabsUnlonelyUxdWeb3AuthWifi Dabba, Inc.WorldcoinWormholeYieldZamaZkzkMe

Exits · 11

4 IPOs · 7 acquisitions · showing 7

Forward IndustriesNASDAQ: FWDICoinbaseNasdaq: COINExponentNASDAQ: EXPORobinhoodNASDAQ: HOODEnsoacq. by SnykStakedacq. by KrakenTagomiacq. by Coinbase

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Multicoin Capital made?
Multicoin Capital has 220 tracked investments, 11 of which have exited, including 17 dated in the last 24 months.
What stage does Multicoin Capital invest at?
Multicoin Capital invests at the Seed, Series A 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 498 tracked co-investors.

From the blog

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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

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Co-investors · 68

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
Sequoia Capital

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

$100K – $50M
Union Square Ventures (USV)

Union Square Ventures is a New York-based venture capital firm that invests across a broad range of technology sectors, presenting a large portfolio spanning crypto, fintech, climate, AI, education, health, and marketplaces.

$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
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
Ribbit Capital

Ribbit Capital is a venture firm that partners with founders challenging incumbents across areas such as AI, global commerce, infrastructure, wealth management, money movement, identity, data, and energy, with a strong emphasis on brand-building.

$2M – $15M
Hashed

Hashed is a blockchain and frontier technology investment firm that backs founders building in AI, crypto, and emerging tech, supporting portfolio companies from inception to global scale.

Asymmetric

Asymmetric is an early-stage venture capital firm focused on web3, crypto, and Bitcoin DeFi, and also operates special purpose vehicles offering access to private shares in specific companies.

$10K – $1M
Hack VC

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

$3M
▶56 more co-investors

Variant FundFoundation CapitalSolana VenturesReciprocal VenturesAbstract VenturesHaun VenturesFramework VenturesNew Enterprise Associates (NEA)FJ LabsWinklevoss CapitalA.Capital VenturesM13Ambush CapitalSignum CapitalGV (Google Ventures)Khosla VenturesGreylock PartnersChapter One VenturesDivergenceVOLT CAPITALDST GlobalSouth Park CommonsGreenoaksConvictionArchetypeAntiTrue VenturesFirstMark CapitalBAM VenturesDecibel PartnersGalaxy Digital Assets FundAccelerator VenturesEthereal Ventures Management Ltd.Haymaker VenturesMetaKrakenGoat CapitalStellar CapitalUlu VenturesTrajectory Ventures2048 VenturesAwesome People VenturesTuesday CapitalPolygonSeed Club VenturesCanaryLCXConversion CapitalVerified CapitalSID Venture PartnersAlchemy VenturesGemini 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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