Electric Capital

Electric Capital is a crypto asset management firm. The company invests in tokens that are Programmable Money and invest in both liquid and illiquid tokens that are emerging stores of value and rooted in novel technology. Electric Capital is started by technology entrepreneurs, engineers, and successful investors. Prior to Electric Capital, they started six companies (five acquired), invested in 100+ technology startups with a cumulative market cap in the tens of billions, and served as executives at technology companies such as Facebook, Google, and Twitter. They have been investing personally in cryptocurrencies since 2013 and were early believers in Bitcoin, Ethereum, and Monero. Prior to Electric

Avichal Garg

Managing Partner

Maria Xinhe Shen

Partner

Curtis Spencer

Partner and Co-Founder

58 past transactions

Hourglass

Seed Round in 2023
Hourglass is an operator of a financial marketplace intended to trade locked-up DeFi assets.

Immunefi

Series A in 2022
Immunefi is a bug bounty and security services platform that protects crypto projects from Web3 bugs. This platform facilitates network hosting, bug triaging, and program management in the blockchain. It also offers smart contract projects that help to review code, disclose vulnerabilities, secures projects against malicious exploits, and preserves against undetermined attacks. Immunefi was founded in 2020 and is headquartered in Singapore.

Integral Treasury

Venture Round in 2022
Empowering web3 organizations in crypto accounting through: revenue recognition, NFT collection management, cap gain/loss calculations, audit compliant reports and more.

Comm Technologies

Seed Round in 2022
Comm Technologies is scaling E2E encryption with personal private servers.

Magic Eden

Series B in 2022
Magic Eden is a community-centric company. They work hard to be responsive, close to the ground, and in service to the best interests of their collections. To prove their commitment to the community, they airdropped Magic Tickets, their own collection, to over 30,000 users. Holding a Magic Ticket gives holders access to their discord-based DAO, MagicDAO, where they deliver interconnectivity via social programs and rewards to the community.

Certora

Series B in 2022
Certora develops unique technology which supplements your programming experts and manual auditors by automatically detecting security vulnerabilities both before the code is deployed and during operation. The process is executed automatically and provides mathematical proofs of correctness on a daily basis. For carefully defined properties of your software, Certora technology can completely guarantee the absence of security vulnerabilities.

Paper

Seed Round in 2022
Paper offers crypto-focused payments that make buying, using, and holding NFTs easier. Sell NFTs via credit cards, create wallets using email, and cover gas fees for transactions.

Tonic

Seed Round in 2022
Tonic is building a permissionless decentralized protocol for fast and seamless trading of any asset on NEAR and Aurora. The platform will enable developers building on NEAR’s Layer 1 solution to integrate trading functionality into their applications.

Spruce

Series A in 2022
Spruce is building a future where users control their identity and data across all digital interactions.

Delta One

Seed Round in 2022
Delta One is a yield generation protocol on Solana that offers novel delta-neutral and impermanent loss-free farming markets. Its mission is to create novel, easy-to-use Defi primitives that democratize the best risk-adjusted yield opportunities to achieve mass adoption of crypto investing.

Trisolaris

Seed Round in 2022
Trisolaris is a community-owned decentralized exchange (DEX) with a fast settlement, low fees, and a democratic governance process.

Magic Eden

Series A in 2022
Magic Eden is a community-centric company. They work hard to be responsive, close to the ground, and in service to the best interests of their collections. To prove their commitment to the community, they airdropped Magic Tickets, their own collection, to over 30,000 users. Holding a Magic Ticket gives holders access to their discord-based DAO, MagicDAO, where they deliver interconnectivity via social programs and rewards to the community.

Espresso Systems

Seed Round in 2022
Espresso Systems provides scaling and privacy systems for Web 3 applications. The company specializes in the emerging blockchain field of "shared sequencing", where sequencers are responsible for verifying and batching transactions made on layer-2 blockchains and then sending them back to a layer-1 chain like Ethereum to be settled.

Ava Protocol

Seed Round in 2022
Ava Protocol is an intent-based Eigenlayer AVS that seamlessly enables private autonomous transactions for numerous use cases, such as DeFi, NFTs, and games. We're enhancing decentralized applications with scheduled and recurring payments, stop-loss orders, streaming rewards, and more. Ava Protocol’s event-driven execution model triggers cross-chain transactions based on signals such as time, price changes, and smart contract updates. Developers can easily schedule and automate functions across different blockchains, including Ethereum, ensuring efficient and reliable execution without compromising privacy.

Juried Protocol Galleries

Seed Round in 2022
Juried Protocol Galleries is a registry-based protocol that focuses on NFT curation and brings collectors, curators, and artists together. The company was founded in 2021 and is headquartered in Lewes, Delaware, United States.

Solscan

Seed Round in 2021
Solscan is a full-suite block explorer and data analytics platform focusing on the Solana ecosystem. Solscan provides a vast range of data services for users, developers, and projects.

Slingshot Finance

Series A in 2021
Slingshot is a web3 company developing and using decentralized technologies to help retail users access and interact with digital assets in a secure, trustless and self-sovereign way. Available on Web, Android and iOS, Slingshot combines the performance and ease of centralized platforms, with the openness, transparency and security of decentralized finance. Users can buy, sell, swap or bridge over 50k cryptocurrencies at the best prices Slingshot aggregates across decentralized exchanges. Slingshot is feature packed with a choice of wallets, live prices and charts, portfolio tracking, live chat, collectibles, rewards, top-notch support and much more. Slingshot was founded in 2020 and is a remore-first company headquartered in San Francisco, California, United States.

Mysten Labs

Series A in 2021
Mysten Labs develops tools that make web3 secure and ready for mass adoption. They create foundational infrastructure to accelerate the adoption of web3.

MYTY

Seed Round in 2021
MYTY is a decentralized social platform where people can get off limitations of physical world

Iron Fish

Series A in 2021
Iron Fish is a novel cryptocurrency focused on privacy and accessibility. Iron Fish is a Layer 1 blockchain that provides the strongest privacy guarantees on every single transaction.

Anoma

Series A in 2021
Anoma is ann intent-centric, privacy-preserving protocol for decentralized counterparty discovery, solving, and multi-chain atomic settlement. Anoma researches, builds, and develops advanced cryptography and zero-knowledge proof schemes empowering a user-controlled future. Anoma was established in 2021 in Zug, Switzerland.

ConsenSys

Series C in 2021
ConsenSys is a leading blockchain venture production studio focused on building a robust ecosystem of consumer-oriented products and enterprise solutions, primarily utilizing Ethereum technology. The company aims to facilitate the transition to Web 3.0, which it envisions as a foundation for more open, efficient, and accessible economic systems. ConsenSys identifies opportunities for software development and promotes collaboration among various ventures to enhance innovation and idea exchange. By creating platforms, applications, and tools that support Web 3.0, ConsenSys strives to ensure these solutions effectively meet customer needs. The organization also collaborates with blockchain experts and partners to develop open infrastructure, positioning itself at the forefront of technological advancements that have the potential to disrupt various industries.

Saddle Finance

Series A in 2021
Saddle Finance is an automated market maker (AMM) optimized for pegged value crypto assets.

Immunefi

Seed Round in 2021
Immunefi is a bug bounty and security services platform that protects crypto projects from Web3 bugs. This platform facilitates network hosting, bug triaging, and program management in the blockchain. It also offers smart contract projects that help to review code, disclose vulnerabilities, secures projects against malicious exploits, and preserves against undetermined attacks. Immunefi was founded in 2020 and is headquartered in Singapore.

Sublime Finance

Seed Round in 2021
Sublime Finance is a decentralized lending platform. Sublime will let borrowers access loans depending on their digital identity and on-chain history.

HeyHey!

Seed Round in 2021
HeyHey! is an online marketplace where fans can discover and book personalized video shoutouts from their favorite celebrities to congratulate them or their loved ones while empowering leading celebrities and media houses to develop personalized memorable experiences for their fans.

Aurora

Series A in 2021
Aurora is an Ethereum Virtual Machine created by the team at the NEAR Protocol, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable and future-safe platform, with low transaction costs for their users. Aurora was founded in 2021 and is based in Kyiv, Ukraine.

Layer3

Seed Round in 2021
Layer3 was founded in 2021 as a web3 user acquisition and retention solution that helps teams acquire the actions & users that matter to them. Their no-code tools lets customers create milestones for new or returning users through any set of on-chain actions. Using powerful storytelling techniques (bounties & quests) they've driven 10M+ on-chain interactions across top dapps. Today, they serve web3 customers such as Coinbase Cloud, Hashflow, Slingshot, Stargate, Aave, 1inch, and more.

Taker Protocol

Seed Round in 2021
Taker Protocol is a cryptocurrency liquidity protocol for NFTs.

Kresko Labs

Seed Round in 2021
Kresko’s mission is to make wealth accessible to anyone, anywhere. Kresko is building an open platform for synthetic stocks, commodities, and crypto. The Kresko platform introduces novel improvements over existing solutions: One-Stop DeFi App: A beautiful platform designed to manage all your assets — mint, swap, pool, and farm — all in one place. Risk Management: Finally, a DeFi App that clearly shows your portfolio health and risk. Protocol: The platform is built on top of the protocol that introduces capital efficiency, better user experience, and frictionless listing of assets.

4k.com

Seed Round in 2021
4k.com is the creator of a web-based NFT marketplace for bridging ownership and authenticity of physical products. Their platform provides NFTs backed by physical assets. The product catalog includes clothing, shoes, watches, consumer electronics, and video games.

RabbitHole

Seed Round in 2021
RabbitHole helps users navigate the play to earn space with curated opportunities. The company also allows users to build their knowledge with resources across DeFi, DAOs, and NFTs as well as explore web3 projects and earn rewards doing so. RabbitHole was established in 2020 by Brian Flynn in Venice, California.

Certora

Series A in 2021
Certora develops unique technology which supplements your programming experts and manual auditors by automatically detecting security vulnerabilities both before the code is deployed and during operation. The process is executed automatically and provides mathematical proofs of correctness on a daily basis. For carefully defined properties of your software, Certora technology can completely guarantee the absence of security vulnerabilities.

Hashflow

Seed Round in 2021
Hashflow is a DEX Aggregator that enables users to trade digital assets on and across leading blockchains including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, Polygon, and Solana in just a matter of seconds. Hashflow leverages an intent-based smart order routing architecture to offer traders the best prices, access over $8B in liquidity, and the ability to trade every token. Since launching in April 2021, Hashflow has facilitated over $18B in total trade volume. Hashflow's team consists of top minds from both web2 and web3 including Airbnb, Amazon, Arbitrum, Booz Allen Hamilton, Creative Artists Agency, Goldman Sachs, Google, Meta, Citadel, Genesis Trading, NASA, NBCUniversal, Twitter, Uber, Vayner3, and more. Backers include Dragonfly Capital, Electric Capital, Coinbase Ventures, Galaxy Digital, GSR, Wintermute Trading, Balaji Srinivasan, Meltem Demirors, Anthony Sassano, and Jason Choi.

FRACTAL

Seed Round in 2021
Fractal is a financial technology company that provides digital assets and blockchain adoption services. They also develop tools for institutional investors to access decentralized financing.

Iron Fish

Seed Round in 2021
Iron Fish is a novel cryptocurrency focused on privacy and accessibility. Iron Fish is a Layer 1 blockchain that provides the strongest privacy guarantees on every single transaction.

Octopus Network

Seed Round in 2021
Octopus is a cryptonetwork for launching and running Web3.0 application specific blockchains, aka appchains. By decreasing the capital expenditure for bootstrap an appchain by two orders of magnitude, from several million dollars to less than one hundred thousand dollars, Octopus Network is committed to unleash an innovation wave of Web3.0.

Kraken

Secondary Market in 2021
Kraken, founded in 2011, is a prominent cryptocurrency exchange that facilitates the trading of various digital assets, including Bitcoin, Ethereum, Litecoin, and Ripple, against national currencies such as USD, EUR, CAD, and JPY. With over 4 million clients, Kraken plays a significant role in the mainstream adoption of cryptocurrency by providing a marketplace where buyers, sellers, traders, and speculators can engage in digital asset exchanges. The platform features advanced tools for professional traders, including charting capabilities and APIs for automated trading. Additionally, Kraken offers a dedicated Over-the-Counter (OTC) desk for clients making larger trades, along with personalized service. The company emphasizes customer support by providing 24/7 live chat assistance to help users navigate their trading experience. Overall, Kraken aims to promote financial freedom and inclusion through its comprehensive cryptocurrency services.

CoinFLEX

Venture Round in 2021
CoinFLEX operates as a crypto derivatives exchange and yield platform. It creates innovative solutions to bring investors and crypto markets through intuitive yield products such as flexUSD, the world’s first interest-earning stablecoin, and AMM+, a capital-efficient automated market maker worldwide. CoinFLEX is backed by crypto heavyweights, including Roger Ver, Mike Komaransky, Polychain Capital, and Dragonfly Capital.

Radicle

Venture Round in 2021
Radicle is a peer-to-peer stack for building software together.

Celo

Venture Round in 2021
Celo is an open platform that makes financial tools accessible to anyone with a mobile phone. Its mission is to build a monetary system that creates the conditions of prosperity for all. The Celo ecosystem includes a decentralized, proof-of-stake blockchain technology stack (Celo Platform), a native asset (CELO), a stablecoin (cUSD) and the Celo Alliance for Prosperity, with over 100 organizations around the world, including Andreesen Horowitz, Anchorage, Coinbase, GSMA, Mercy Corps, Grameen Foundation, Prosegur, Abra, and cLabs, a service organization dedicated to growing and developing the Celo ecosystem.

Saddle Finance

Seed Round in 2021
Saddle Finance is an automated market maker (AMM) optimized for pegged value crypto assets.

Swivel Finance

Seed Round in 2020
Swivel Finance is a decentralized protocol for fixed-rate lending and tokenized cash-flows that enables lenders to "lock-in" fixed-rate interest rates on their ERC-20 tokens with low transaction overhead and less risk.

Slingshot Finance

Seed Round in 2020
Slingshot is a web3 company developing and using decentralized technologies to help retail users access and interact with digital assets in a secure, trustless and self-sovereign way. Available on Web, Android and iOS, Slingshot combines the performance and ease of centralized platforms, with the openness, transparency and security of decentralized finance. Users can buy, sell, swap or bridge over 50k cryptocurrencies at the best prices Slingshot aggregates across decentralized exchanges. Slingshot is feature packed with a choice of wallets, live prices and charts, portfolio tracking, live chat, collectibles, rewards, top-notch support and much more. Slingshot was founded in 2020 and is a remore-first company headquartered in San Francisco, California, United States.

Bitnomial

Venture Round in 2020
Bitnomial was founded in 2014 to create a marketplace connecting native digital asset hedgers with institutional traders. Bitnomial offers improved derivatives exchange technology coupled with new digital asset settlement systems.

Cozy

Seed Round in 2020
Cozy Finance provides a permissionless, peer-to-peer protection solution so users can invest in DeFi with protection against hacks, exploits, and more. Cozy Finance also allows users to deposit funds others can use for protected investing.

DerivaDEX

Seed Round in 2020
DerivaDEX is a community-governed derivatives exchange that unites performance and autonomy with the security of a decentralized exchange. It's a community-owned exchange with a (sane) liquidity-mining token model that puts users in control. Its native DerivaDEX token (DDX) allows users to participate in the exchange's governance and operations. DerivaDEX will be a next-generation exchange by leveraging trusted hardware and gaining decentralization on the base layer.

Elrond

Seed Round in 2019
Elrond's mission is to (1) create a global, transparent, near-instant, non-inflationary financial system, and (2) give anyone, anywhere, easy access to it. For 3 years we've been building a powerful solution to address the first part of the mission. The solution is a high bandwidth, low latency, high security, low-cost blockchain network, that can accommodate transactions and value exchange at the internet scale. The solution is LIVE NOW, and can process above 15.000 transactions per second, with 6-second latency, and $0.001 transaction cost. This will radically transform the way we exchange value, just as broadband internet transformed the way we communicate. Adding value to that, we have announced more than 60 collaborations and partnerships to aggressively expand the Elrond ecosystem, adding significant utility, increasing outreach, and enabling applications to leverage the Elrond technology.

Marlin

Seed Round in 2019
Marlin is an open protocol tool that accelerates decentralized communications for DeFi and Web 3.0. It allows parties, such as miners, to connect to a decentralized network of relay nodes located around the world, allowing them to propagate blocks faster than they would otherwise be able to. The tool offers a one-of-a-kind medium for incentivizing full nodes while also offering a better P2P networking alternative for blockchains and decentralized networks in general. Marlin was founded in 2018 and is based in Singapore.

NEAR

Series A in 2019
NEAR is decentralized storage and compute platform that is secure enough to manage high-value assets like money or identity. NEAR is a scalable smart contract platform that supports decentralized applications of almost any kind. Leverage an ecosystem of components backed by cutting edge technology. NEAR was founded in 2017 and is headquartered in California.

o1Labs

Series A in 2019
Founded in 2017, o1Labs is a blockchain technology company with a core focus on zero knowledge (zk) and other forms of novel cryptography. Their notable achievements include the incubation of the Mina Protocol, the world’s first zk blockchain that is lightweight, scalable, and decentralized, and the creation of o1js, a powerful and intuitive framework for zk application developers. o1Labs’ vision is to catalyze a new generation of applications powered by zero knowledge cryptography.

ThunderCore

Series A in 2019
ThunderCore is a secure, high-performance, EVM-compatible public blockchain with its own native currency, TT. With a breakthrough consensus protocol that overcomes the scalability “trilemma” called PaLa, the ThunderCore network offers 4,000+ TPS, 1 second confirmation times, and low gas fees that cost less than a fraction of a cent, giving decentralized applications security and scalability. Currently, ThunderCore has an international user base that spans across more than 190 countries.

Spacemesh

Venture Round in 2018
Spacemesh is a L1 blockchain protocol focused on the qualitative aspects of permissionless decentralization. Spacemesh is differentiated from other blockchains, by its PoST (Proofs of Space-Time) protocol, its "mesh" (DAG -- Directed Acyclic Graph) instead of chain topology and its lottery-free non-competitive “leaderless” voting (“Collaborative Mining”). All these enable Spacemesh to build a decentralized, permissionless, fair and environmental cryptocurrency, that can also self-heal and is highly secure. Genesis due on December 2022.

o1Labs

Seed Round in 2018
Founded in 2017, o1Labs is a blockchain technology company with a core focus on zero knowledge (zk) and other forms of novel cryptography. Their notable achievements include the incubation of the Mina Protocol, the world’s first zk blockchain that is lightweight, scalable, and decentralized, and the creation of o1js, a powerful and intuitive framework for zk application developers. o1Labs’ vision is to catalyze a new generation of applications powered by zero knowledge cryptography.

CoinList

Series A in 2018
CoinList's mission is to help builders launch and grow innovative digital assets, expand access for early adopters, and be the most trusted brand in digital finance. We're the global leader in new token issuance, helping blue chip projects like Filecoin, Solana, Near, Algorand, Ondo, and others connect with millions of new token holders. We support the full lifecycle of crypto investment, from token sales through distribution, trading, lending, staking and access to decentralized-finance opportunities. CoinList users trade and store Bitcoin, Ether, and many other popular crypto assets through our full-service trading products on mobile and CoinList.co, while also getting access to the best new tokens before they list on other exchanges. Our customers include validators, miners, founders, CEOs, crypto funds, bitcoin OGs, as well as a broad array of crypto enthusiasts.

ThunderCore

Seed Round in 2018
ThunderCore is a secure, high-performance, EVM-compatible public blockchain with its own native currency, TT. With a breakthrough consensus protocol that overcomes the scalability “trilemma” called PaLa, the ThunderCore network offers 4,000+ TPS, 1 second confirmation times, and low gas fees that cost less than a fraction of a cent, giving decentralized applications security and scalability. Currently, ThunderCore has an international user base that spans across more than 190 countries.
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