Fundraising Fox
Spice Capital
Venture capitalActively deployingNew York · Pre-Seed–Seed · 3 people tracked
Find your way into Spice Capital
Each arrow is one introduction. Sign up to fill in the first one.
Ask Udhav Goenka to introduce you to Maya Bakhai
You →Udhav · together at Spice Capital →Maya
Ask Jamie Chen to introduce you to Joe Therrien Kelly
You →Jamie · together at Valora →Joe
Ask Sam Okafor to introduce you to Ron Saron
You →Sam · together at Stealth AI Startup →Ron
Sign up to find every way you can get introduced to Spice Capital
- Your email: who you already know at Spice Capital, and who your contacts know
- 2nd- and 3rd-degree connections: people you know who worked, studied or invested with the Spice Capital team
- Your LinkedIn: the connections who can make the intro for you
We rank every route by how warm it is, so you raise on warm intros instead of cold emails.
Investment thesis
Early-stage investor in private technology companies focused on crypto/web3, offering equity investments plus opportunistic direct token and NFT allocations from a $10M fund.
Source: firm website, verified Oct 1, 2026.
Team · 3 people
from the firm's websiteWhat they invest in
from 48 of 62 portfolio companiesAI & Machine Learning ×18SaaS ×14Consumer ×11Fintech ×11Crypto & Web3 ×10Creator Economy ×8Developer Tools ×7Enterprise Software ×6
HQs:United States×28United Kingdom×1India×1Mexico×1
Who they back
founder profiles across 19 portfolio companiesFounding team size:solo founder×72 founders×83 founders×34+ founders×1
Where their founders studiedfrom 23 founders with education data
École Polytechnique ×3Harvard Business School ×2Northwestern University ×2The Cathedral and John Connon School ×2
What their founders studiedfrom 22 founders with field-of-study data
Computer Science ×13Business & Management ×6Engineering ×4Mathematics & Statistics ×2
Where their founders worked beforefrom 28 founders with career history
Goldman Sachs ×2Microsoft ×2
Accelerator rootsportfolio companies that came through a program
1 founders hold a PhD · 4 hold an MBA (of 24 with degree data)
Investments · 62 tracked
founders shown can be your intro pathBy year:2025 · 32022 · 32014 · 17 dated
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)
PartnerMaya Bakhai· solo GP
Co-investors1confirmationA.Capital Venturesa16z cryptoAcrew CapitalAndreessen HorowitzAnsa Capital+87 more
AccessGrid provides an API that lets organizations issue and manage digital credentials—such as corporate IDs, house keys, and car keys—stored in users' phone digital wallets instead of physical badges or fobs.
Cloud ComputingCybersecurityDeveloper ToolsHardwareSaaSMiami, US
Auston Bunsen(Executive Officer, Director, Promoter)in
PartnerMaya Bakhai· solo GP
Co-investorsEx/AnteExceptional CapitalHarlem Capital PartnersTranspose Platform Management
Affiniti is a financial technology company offering a platform that combines banking, payments, credit cards, expense management, bill pay, and accounting automation for small and mid-sized American businesses.
FintechSaaS
Sahil Phadnis(Founder)in
PartnerMaya Bakhai· solo GP
Co-investorsEvolution VenturesLightShed VenturesRiverPark VenturesSignalFireContrarian Thinking CapitalDay One Ventures+4 more
Spend Market is an information market where users can trade on consumer spending outcomes across retailers and categories, powered by transaction-level data from millions of monthly purchases.
Crypto & Web3Data & InfrastructureFintechMarketplacesSaaS
PartnerMaya Bakhai· solo GP
Anon builds agentic AI solutions that deploy AI agents from prototypes to production systems for SMBs and Fortune 500 companies.
AI & Machine LearningDeveloper ToolsEnterprise Software
PartnerMaya Bakhai· solo GP
Co-investorsAbstract VenturesEx/AnteImpatient VenturesPicks and Shovels (Picks & Shovels)Union Square Ventures (USV)AI Seed+2 more
.jpeg){kind=logo}
Laurel provides recommendations and guidance on air purifiers, focusing on HEPA and activated carbon filter technologies for reducing indoor air pollutants including particulates, volatile organic compounds, and harmful chemicals.
ConsumerHealthtechWellness & Fitness
PartnerMaya Bakhai· solo GP
Banana provides serverless GPU infrastructure that automatically scales compute up and down for machine learning workloads, with DevOps tooling such as GitHub integration, CI/CD, a CLI, rolling deploys, tracing, and logs.
AI & Machine LearningCloud ComputingDeveloper Tools
PartnerMaya Bakhai· solo GP
Co-investorsAlumni VenturesGriffin Gaming Partners
beehiiv is a publishing platform for creators, publishers, and brands to build and grow newsletters, websites, podcasts, and communities.
Creator EconomyMarketing TechMedia & EntertainmentSaaSNew York, US
Jake Hurd(Cofounder)Tyler Denk(Cofounder)inBenjamin Hargett(Cofounder)in
PartnerMaya Bakhai· solo GP
Co-investors359 CapitalBlue Wire CapitalBrexCollectivConnect VenturesCreator Ventures+8 more
Bonside provides non-dilutive, revenue-based financing for brick-and-mortar businesses, paired with Bonside Intelligence, an agentic platform for physical-location visibility.
AI & Machine LearningFintechSaaS
PartnerMaya Bakhai· solo GP
Co-investorsEverywhere VenturesFloating PointSpringTime VenturesTMVThe Fund
Para simplifies blockchain interaction for developers and users through tools and services.
Crypto & Web3Developer ToolsFintech
PartnerMaya Bakhai· solo GP
Co-investorsArray Ventures Management LlcBehind Genius VenturesBloomberg BetaHuman VenturesSwift VenturesTiferes Ventures
Cartridge provides infrastructure for onchain games, including a game-native wallet and identity system (Cartridge Controller) and a deterministic onchain game engine (Dojo Engine).
Crypto & Web3Developer ToolsGaming
PartnerMaya Bakhai· solo GP
Co-investorsAlliance DAO (ex DeFi Alliance)Bitkraft Esports VenturesChapter OneBITKRAFT VenturesDune VenturesErgodic Capital+3 more
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)
PartnerMaya Bakhai· solo GP
Co-investorsDraper DragonINCE CapitalIOSG VenturesLattice CapitalMulticoin CapitalSky9 Capital+1 more
Daisy is a next-generation media company that develops AI-driven storytelling products for creative professionals.
AI & Machine LearningCreator EconomyMarketing TechMedia & Entertainment
PartnerMaya Bakhai· solo GP
PartnerMaya Bakhai· solo GP
Co-investors1k(x)1kxEniac VenturesUnion Square Ventures (USV)Very Serious VenturesChapter One
PartnerMaya Bakhai· solo GP
FWB is a members-only community and cultural organization for artists, technologists, and builders that organizes events, funds projects, and operates as a decentralized autonomous organization (DAO).
Creator EconomyCrypto & Web3Sector AgnosticSocialIdyllwild, US
PartnerMaya Bakhai· solo GP
Co-investorsa16z cryptoAndreessen HorowitzCoinbase VenturesCollab+CurrencyDeepTech VenturesDivergence+4 more
Front is a support and sales platform that combines messaging, internal collaboration, and AI automation to handle customer requests and sales workflows.
AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSSales TechSan Francisco, US
Mathilde Collin(Co-founder & CEO)inLaurent Perrin(Founder/CTO)in
PartnerMaya Bakhai· solo GP
Co-investorsBattery VenturesCoatue ManagementFundersClubHypothesisInitialized CapitalITERATIVE+24 more
Change offers a tool for law firms to manage commercial co-venture (CCV) campaigns for their clients, including tracking multi-state filing requirements and deadlines, launching campaigns through a single CCV agreement with a partner donor-advised fund, and processing CCV-related donations.
AI & Machine LearningFintechImpact & Social GoodLegalTechSaaSSan Francisco, US
Amar Shah(Executive Officer, Director)inSonia Nigam(Executive Officer, Director)in
PartnerMaya Bakhai· solo GP
Co-investorsNew Enterprise Associates (NEA)
Girl Beer is a light beer brand marketed for casual consumption.
ConsumerDirect to ConsumerFoodTech
PartnerMaya Bakhai· solo GP
Glif orchestrates multiple AI tools to generate short-form videos, product shoots, and ad campaigns.
AdTechAI & Machine LearningCreator Economy
PartnerMaya Bakhai· solo GP
Co-investorsAndreessen Horowitz
Glitzi is a service marketplace platform in Mexico that connects users with beauty and wellness professionals for on-demand services including hairstyling, massage, and facials.
ConsumerMarketplacesMexico City, MX
Ana Ramos(Founder)inLuis Enrique Vazquez(Founder)in
PartnerMaya Bakhai· solo GP
Co-investorsY CombinatorAct One VenturesBeagle VenturesForesite CapitalGaingelsGanas Ventures+4 more
__Twitter.png)
PartnerMaya Bakhai· solo GP
Healios provides clinical assessment and therapeutic services for children, young people, adults and families, with a focus on neurodevelopmental conditions and mental health support delivered through both virtual and in-person modalities.
Digital HealthHealthtechMental HealthUnited Kingdom, GB
Co-investorsAlbionVCInHealth VenturesAIFAlbion Capital Group
Heva operates an AI-powered medical tourism platform that matches patients with verified healthcare providers abroad, covering fields such as dental, cosmetic surgery, orthopedics, cardiac care, ophthalmology, and bariatric procedures.
AI & Machine LearningDigital HealthHealthtechMarketplacesNew York City, US
Varun Annadi(Executive Officer, Director)inHector Terrero(Director)
PartnerMaya Bakhai· solo GP
Co-investorsTechstarsThe MBA FundAlpha PartnersBenchstrength PartnersCollide CapitalFlybridge Capital Partners
Hugging Face is a collaboration platform that hosts and provides access to machine learning models, datasets, and applications.
AI & Machine LearningCloud ComputingDeveloper ToolsBrooklyn, US
Julien Chaumond(Executive Officer, Director)inClement Delange(Executive Officer, Director)Clément Delangue(Co-founder & CEO)inThomas Wolf(Co-founder & CSO)in
PartnerMaya Bakhai· solo GP
Co-investorsA.Capital VenturesAIX VenturesBetaworksCoatue ManagementConnetic VenturesFelicis Ventures+26 more
A blueberry lavender flavored beer product.
ConsumerDirect to ConsumerE-commerce
PartnerMaya Bakhai· solo GP
Hype is a mobile application that tracks cryptocurrency trends, memecoins, and top traders in the crypto market.
ConsumerCrypto & Web3FintechNew York City, US
Ravi Bakhai(Founder)in
PartnerMaya Bakhai· solo GP
Co-investorsParadigmY CombinatorAcrew CapitalBaller VenturesCollab+CurrencyDistributed Global+6 more
Immortal Rising 2 is an action game featuring combat that mixes weapons and magic, a customizable skill tree, and a skill combo system.
GamingLos Angeles, US
Jason Johnson(Executive Officer)Bryan Johnson(Executive Officer, Director)
Co-investorsNotch VenturesAnimoca BrandsBlockwallComma3 VenturesGreenfield OneImmutable+4 more
Boundo is an AI-powered sales automation platform that generates leads and manages outreach across LinkedIn and email for enterprise sales teams.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSSales TechSan Francisco, US
Simar Kohli(Founder)inSamik Shrotriya(Founder)in
PartnerMaya Bakhai· solo GP
Co-investorsY Combinator
Kindbody is a fertility care provider offering services such as egg freezing, IVF, IUI, and prenatal and gynecological care through its own clinics across the US.
Digital HealthFemTechHealthtechSan Francisco, US
Dr. Lynn Westphal(Co-founder)Gina Bartasi(Executive Officer, Director)inFahimeh Sasan(Founding Physician / Ob-Gyn)inAngeline Beltsos, M.D.(Director)
BoardKathy Harris(Director)inCheryl Pegus(Director)
PartnerMaya Bakhai· solo GP
Co-investorsAlumni VenturesAnsa CapitalClaritas CapitalGENERAL INCEPTIONGV (Google Ventures)Incite.org+6 more
Koop develops financial products for consumers.
ConsumerFintech
Natalia MurilloAndres Gutierrez
PartnerMaya Bakhai· solo GP
Co-investors1confirmationAmbush CapitalAlley Robotics VenturesBee PartnersSure VenturesUbiquity Ventures+1 more
Tooling is a US company building a co-ownership protocol paired with a social trading application.
Creator EconomyFintech
PartnerMaya Bakhai· solo GP
Co-investors500 GlobalLemniscapMulticoin CapitalNIVReciprocal VenturesNew Enterprise Associates (NEA)
Moonlight is a digital platform that offers a collection of indie-created tarot and oracle decks in virtual form, allowing users to access guidebooks, view artwork in detail, and conduct shared readings with friends or clients.
ConsumerCreator EconomyMarketplacesMedia & EntertainmentWellness & Fitness
Danielle Baskin(Founder)in
PartnerMaya Bakhai· solo GP
Co-investorsRed Swan Ventures
MUBI is a film streaming service offering curated movies and series on demand, along with weekly cinema tickets and Notebook, a print magazine about cinema culture.
ConsumerMedia & EntertainmentSan Francisco, US
Efe Cakarel(Executive Officer, Director)inMathieu Verbeeck(Executive Officer)in
BoardEduardo Costantini(Director)Michael Lousteau(Director)Harvey Goldstein(Director)
PartnerMaya Bakhai· solo GP
Co-investorsAglae VenturesBridford Investments (Bridford Group)FJ LabsIPR.VCMMC VenturesNew Ground Ventures+2 more
MyAesthetic.ai offers an AI sales agent that monitors social media comments for product-intent signals, identifies the item being asked about, and sends shoppers a personalized link to the relevant product and checkout.
AI & Machine LearningE-commerceMarketing Tech
PartnerMaya Bakhai· solo GP
Nino Foods operates three quick-service restaurant brands (Nino Burgers, Francesco's Pizzeria, and KHA) across 20+ locations in Mumbai and surrounding areas.
ConsumerE-commerceFoodTechRetail TechMH, IN
Nishant Jhaveri(Founder)inPranav Mehra(Founder)in
PartnerMaya Bakhai· solo GP
Co-investorsY Combinator2080 VentureseSeedFirst Check VenturesCrystal Towers CapitalSoma Capital+2 more
Opal Electronics Inc. designs and manufactures high-end consumer electronics, having started with webcams, aimed at demanding enthusiasts who want distinctive design, feel, and function.
ConsumerHardware
Veeraj Chugh(Cofounder)
PartnerMaya Bakhai· solo GP
Co-investorsCoalition OperatorsKindred VenturesOperator StackRogue CapitalSamsung NextSeven Seven Six+1 more
Owners is a website-building service that creates professional websites for non-technical small business owners, handling the technical work on their behalf.
Marketing TechSaaS
PartnerMaya Bakhai· solo GP
Co-investorsBrainstorm Ventures
P00LS is a Web3 platform that lets creators launch their own ERC20 token to reward their community across NFTs and social platforms, functioning like a blockchain-based loyalty program.
Creator EconomyCrypto & Web3Social
PartnerMaya Bakhai· solo GP
Co-investorsKima Ventures
HealthtechWeston, US
Benjamin Schecter(Executive Officer, Director)
BoardLexi Henkel(Director)inAlexis Henkel(Director)
PartnerMaya Bakhai· solo GP
Co-investorsMaverick Ventures
Rainbow is a cryptocurrency wallet application that supports multiple blockchains, NFTs, and decentralized exchanges, offering both mobile and desktop interfaces with hardware wallet integration.
Crypto & Web3FintechNew York City, US
Christian Baroni(Founder)inJin Chung(Founder)inMichael Demarais(Founder)in
PartnerMaya Bakhai· solo GP
Co-investors6th Man VenturesCollab+CurrencyDigital Currency GroupHyperguapMischiefParaFi Capital+11 more
Resolvd builds AI-based "digital workers" that run administrative back-office workflows for healthcare organizations, starting with healthcare supply chain operations.
AI & Machine LearningEnterprise SoftwareHealthtechSaaSNew York City, US
Ananth Manivannan(Founder)in
PartnerMaya Bakhai· solo GP
Co-investorsBetaworksMozilla Ventures
PartnerMaya Bakhai· solo GP
PartnerMaya Bakhai· solo GP
Sedaro builds digital engineering and simulation infrastructure for national security missions, enabling complex systems to be designed, predicted, and decided upon with confidence through rigorous simulation.
AI & Machine LearningCloud ComputingDeep TechDefense TechEnterprise SoftwareSaaSSpace Tech
Robbie(Head of Product and Business Strategy)Bas(Head of Platform Development)Daniel(Head of Operations and Financial Strategy)
PartnerMaya Bakhai· solo GP
Co-investorsEarly Light VenturesVTC Ventures
Skej is an AI scheduling assistant that coordinates meetings via email, handling deal flow, LP relations, portfolio check-ins, diligence calls, and internal meetings.
AI & Machine LearningFuture of WorkSaaS
Paul Canetti(CEO)inSimon Baumer(Late cofounder)in
PartnerMaya Bakhai· solo GP
Co-investorsBetaworksMozilla Ventures
A web-based calculator that models how different salary and equity mixes in a startup job offer affect an employee's total take-home wealth at exit, accounting for factors like vesting, dilution, exit timing, and preference terms.
FintechHR Tech
PartnerMaya Bakhai· solo GP
Symphony (Cue + Simmy) is an AI-powered music marketing platform that uses named agents to handle smart links, pre-save campaigns, ad planning, and fan outreach for artists and labels.
AI & Machine LearningCreator EconomyMarketing TechMedia & EntertainmentSaaS
Megh Vakharia(Co-founder & CEO)inChuka Chase(Co-founder)in
PartnerMaya Bakhai· solo GP
EVERY® manufactures animal-free egg white proteins using precision fermentation technology for food and beverage manufacturers.
AgTechBiotechFoodTechDaly City, US
PartnerMaya Bakhai· solo GP
Co-investorsBloom8Blue Horizon CorporationQC·VENTURESVamosVenturesStarlight Ventures
EVERY produces animal-free egg white proteins using precision fermentation for use as functional ingredients in food and beverage applications.
BiotechFoodTechDaly City, US
PartnerMaya Bakhai· solo GP
Co-investorsAgronomicsHemisphere Ventures LLCMcWin Capital PartnersUnruly CapitalBloom8Grosvenor Food & AgTech+3 more
Crypto payments, payroll and treasury platform for DAOs and web3 companies; acquired by Coinbase in November 2024.
San Francisco, US
Pryce Adade Yebesi(Executive Officer, Director, Promoter)inJason Chong(Executive Officer, Director, Promoter)Alexander Wu(Director, Promoter)Kaito Cunningham(Executive Officer, Director, Promoter)
PartnerMaya Bakhai· solo GP
Co-investorsKindred VenturesParadigmAscend Venture CapitalCircle & Co.Circle VenturesCoinbase Ventures+2 more
Vacation is a luxury sunscreen brand that combines modern dermatological science with a premium sensory experience, featuring fragrances developed with renowned parfumeurs.
ConsumerWellness & FitnessMiami, US
BoardDr. Elizabeth Hale(Chief Medical Advisor)
PartnerMaya Bakhai· solo GP
Co-investorsBFG PartnersREDO VenturesSonoma Brands CapitalTrue Beauty Ventures
.jpeg)
W.AI operates a decentralized AI infrastructure network where operators contribute GPU compute cycles and earn W COIN, the network's native protocol token used for value exchange between compute providers and consumers.
AI & Machine LearningCloud ComputingCrypto & Web3
PartnerMaya Bakhai· solo GP
Co-investorsBollinger Investment GroupGarage CapitalWeb3com Ventures
Windsor produces software that generates individualized video messages by using AI to synthesize variations of a single recorded video with unique recipient details, enabling mass personalization at scale.
AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US
Pranay Prakash(Founder/CEO)inAndrew Faust(Founder)in
Co-investors7percent VenturesY CombinatorAfore CapitalFour CitiesGeneral AdvanceKearny Jackson+7 more
Exits · 3
1 IPOs · 2 acquisitions · showing 1CoinbaseNasdaq: COIN
Portfolio news
latest coverage across their companiesHugging Face · techfundingnews.com · Aug 27, 2026
Coinbase · Coinbase Blog · Aug 13, 2026
The EVERY Company · finance.yahoo.com · Nov 4, 2025
Affiniti · techcrunch.com · May 20, 2025
Frequently asked questions
- How many investments has Spice Capital made?
- Spice Capital has 62 tracked investments, 3 of which have exited, including 3 dated in the last 24 months.
- What stage does Spice Capital invest at?
- Spice Capital invests at the Pre-Seed, Seed stages.
- What is Spice Capital's typical check size?
- Spice Capital typically writes checks of $100K – $250K.
- What sectors does Spice Capital focus on?
- Spice Capital focuses on Crypto & Web3.
- Where is Spice Capital located?
- Spice Capital is headquartered in New York, US.
- Does Spice Capital lead rounds?
- Spice Capital typically participates in rounds rather than leading them.
- Who does Spice Capital co-invest with?
- Spice Capital most often shares deals with Y Combinator, Betaworks, Collab+Currency, among 132 tracked co-investors.
Media · Podcasts & interviews
featuring the team2025 Key Crypto Predictions (Maya Bakhai, Spice Capital)
Rehash: A Web3 Podcast · Maya Bakhai
We are honored to feature Maya Bakhai, founder of Spice Capital, in our latest podcast.
doola · Maya Bakhai
SHOWER THOTS 🚿 episode 1b because I forgot to actually say the thoughts
Spice Capital
Creativity and AI Panel June 2024
Spice Capital
Maya Bakhai Keynote Speech at NYU Stern School of Business
Spice Capital
Images
Similar investors
AirTree Ventures runs Pathfinders, a free four-week in-person program in Sydney for young builders (high-school graduates up to age 23) to work on a real product, access the AirTree team and founders, and build a peer network.
.jpeg){kind=logo}
B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.
Cherubic Ventures is known for investing before a startup even launches or reaches product-market fit, often as the first institutional investor, while also setting aside half of its latest fund for follow-on support all the way through pre-IPO; it was also one of the first venture firms to operate as a solo general partner and has grown into one of the largest funds run that way. Founded by Matt Cheng, who previously built two companies that each reached over $1 billion in public market value, the firm was designed from the start to invest across both the U.S. and Asia, backing early breakout companies in places like Croatia, Bangladesh, Japan, and Taiwan in addition to the U.S., with its Taipei roots still central to its identity alongside its Silicon Valley presence.
Hoxton Ventures is an early-stage venture capital firm that backs pre-seed and seed companies, often investing before revenue or product and offering hands-on support to founders.