Electric Capital

Electric Capital is a crypto asset management firm that focuses on investing in programmable money tokens. The firm targets both liquid and illiquid tokens that represent emerging stores of value and are based on innovative technology. Founded by a team of technology entrepreneurs, engineers, and experienced investors, Electric Capital has a strong background, having started multiple companies, invested in over 100 technology startups, and held executive positions at major tech companies. The founders have been active in cryptocurrency investments since 2013 and were early adopters of Bitcoin, Ethereum, and Monero.

Ken Deeter

Partner

Maria Shen

Partner

Curtis Spencer

Partner

55 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 DeFi's bug bounty platform.

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.

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
We are creating a suite of products around a WYSIWYG form builder called Intake that helps operations managers implement killer document collection and processing workflows. Passports can be fed to KYC verifiers, purchase orders can create approval requests, and DocuSign becomes a streamlined step in your onboarding flow. Files end up in predictable and safe places such as Box.com, and people can see where they are in your intake process if you enable their dashboards.

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.

Ava Protocol

Seed Round in 2022
OAK (On-chain Autonomous Kernel) is a unique blockchain built on the Substrate framework with event-driven smart contract virtual machine, autonomous transactions, and on-chain Oracles. The goal of OAK is to enable developers to build fully autonomous decentralized applications, and further ignite a global business transformation. By redesigning smart contract virtual machines, OAK introduces a more efficient way for contracts to interact with one another. Contracts will be able to emit signal events, to which other contracts can listen. Once an event is triggered, corresponding subscribed functions are automatically executed as a signal transaction.

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

Series A in 2021
Slingshot develops decentralized finance (DeFi) trading platform. The company create, monetize, and aggregate crypto assets. It help users find the price for any given token trade. Slingshot was formerly known as DEXAG, inc. and changed its name to Slingshot in November 2020. Slingshot was founded in 2018 and is based in San Francisco, California.

Mysten Labs

Series A in 2021
Mysten Labs creates foundational infrastructure to accelerate the adoption of web3. The company was founded in 2021 and is headquartered in San Francisco, California, United States.

Iron Fish

Series A in 2021
Iron Fish is a cryptocurrency that prioritizes privacy and accessibility within the blockchain space. As a Layer 1 blockchain, it ensures robust privacy protections for every transaction conducted on its platform. The company aims to create private blockchain networks that are accessible to a global audience, employing an efficient syncing technique that supports low-resource clients, including mobile devices and websites. By focusing on these aspects, Iron Fish seeks to uphold the principles of cash in an increasingly digital environment.

Consensys

Series C in 2021
ConsenSys is a leading blockchain technology company focused on developing the next generation of the internet, referred to as Web 3.0. This new framework aims to create more open, efficient, and accessible economic systems. ConsenSys builds platforms, applications, and tools tailored for Web 3.0, while also providing services to ensure their offerings meet customer needs. As a blockchain venture production studio, it creates consumer-centric products and enterprise solutions, primarily utilizing Ethereum technology. The company serves as a hub for identifying development opportunities, facilitating the sharing of software components across ventures, and fostering innovation through collaboration among some of the industry's top blockchain experts.

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 DeFi's bug bounty platform.

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 developed by the NEAR Protocol team, designed to enable developers to run applications on a scalable and Ethereum-compatible platform. It offers a seamless user experience with low transaction costs and high throughput, making it accessible for developers transitioning from Ethereum. By simply changing the RPC endpoint, Ethereum developers can easily start utilizing Aurora's layer-2-like speed and scalability. This turn-key solution aims to provide a future-safe environment for app development, enhancing the capabilities of the Ethereum ecosystem.

Layer3

Seed Round in 2021
Layer3 is a crypto platform that provides tools for decentralized autonomous organizations (DAOs).

Genesis Digital Assets

Private Equity Round in 2021
Genesis Digital Assets is one of the world's largest and most experienced Bitcoin mining companies. Since 2013, the founders of the company have built over 20 industrial-scale mining farms, brought over 300,000 miners online, and mined over $1 billion in Bitcoin.

Taker Protocol

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

Hyype

Seed Round in 2021
Hyy.pe is an NFT display and gallery-based social network where NFT communities will find a home to connect, share stories, and collaboratively build their history.

4k.com

Seed Round in 2021
4k.com was founded by expert technology enthusiasts in order to provide detailed and relevant news and reviews on 4k products such as TV's, Monitor's, Projector's, Camera's and more.

RabbitHole

Seed Round in 2021
Developer of crypto networks designed to earn digital currency using crypto applications. The company provides tokens for doing onchain actions, offers tools to distribute ownership and quests that upon completion offer rewards, enabling users to acquire XP, level up, and earn rewards for interacting with well-known blockchain protocols.

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.

Gitcoin

Series A in 2021
Gitcoin is a platform founded in 2017, based in Boulder, Colorado, that enables open source developers to monetize their work effectively. It allows developers proficient in various programming languages, including Python, Rust, Ruby, JavaScript, Solidity, HTML, and CSS, to receive compensation when their contributions are utilized. Built on the Ethereum network, Gitcoin employs smart contracts to align incentives among participants in the ecosystem, facilitating value creation without reliance on traditional legal mechanisms. The platform fosters collaboration between developers, repo maintainers, and financiers, emphasizing the importance of community in enhancing the success of open source projects. By integrating the local tech community's #givefirst ethos with financial incentives, Gitcoin aims to advance the development of open source software and strengthen community ties.

Iron Fish

Seed Round in 2021
Iron Fish is a cryptocurrency that prioritizes privacy and accessibility within the blockchain space. As a Layer 1 blockchain, it ensures robust privacy protections for every transaction conducted on its platform. The company aims to create private blockchain networks that are accessible to a global audience, employing an efficient syncing technique that supports low-resource clients, including mobile devices and websites. By focusing on these aspects, Iron Fish seeks to uphold the principles of cash in an increasingly digital environment.

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.

CoinFLEX

Venture Round in 2021
CoinFLEX (Coin Futures and Lending Exchange) is the world's first physically delivered cryptocurrency futures exchange.

Radicle

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

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 focused on providing financial tools to individuals with mobile phones, aiming to foster prosperity for all. It has developed a mobile-first blockchain platform that facilitates access to financial services and aims to enhance financial stability. The platform employs alphanumeric strings for cryptocurrency transactions, allowing users to transfer money quickly, securely, and reliably. Through these innovations, Celo seeks to democratize financial access and create a more inclusive monetary system.

Saddle Finance

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

Swivel

Seed Round in 2020
Swivel Finance, founded in 2020 and based in Austin, Texas, operates a decentralized protocol focused on fixed-rate lending and interest-rate derivatives. The platform allows users to secure fixed-rate interest rates on their ERC-20 tokens, providing an opportunity for lenders to lock in a stable yield. Users can sell tokens to earn a fixed yield or purchase tokens to capitalize on high decentralized finance (DeFi) yields. By minimizing transaction overhead and associated risks, Swivel Finance facilitates a more efficient lending process, enabling participants to effectively manage their cash flows through tokenized financial instruments.

Slingshot

Seed Round in 2020
Slingshot develops decentralized finance (DeFi) trading platform. The company create, monetize, and aggregate crypto assets. It help users find the price for any given token trade. Slingshot was formerly known as DEXAG, inc. and changed its name to Slingshot in November 2020. Slingshot was founded in 2018 and is based in San Francisco, California.

Bitnomial

Venture Round in 2020
Bitnomial, Inc. develops and operates an exchange, clearing, and settlement infrastructure for trading bitcoin derivatives. Its bitcoin derivatives exchange is used for trading margined bitcoin futures and options, such as bitcoin US dollar futures, Deci bitcoin US dollar futures, and bitcoin US dollar options. The company was founded in 2014 and is based in Chicago, Illinois.

Cozy

Seed Round in 2020
Cozy Finance, Inc. is a Seattle-based company that specializes in developing risk management software for the decentralized finance sector. Founded in 2020, the company provides a platform that equips developers with tools to create effective asset management solutions for cryptocurrency investors. Its software enables users to access permissionless, peer-to-peer protection against potential failures in smart contracts, thereby facilitating the effective management of digital assets. Formerly known as CozyCo, Inc., Cozy Finance aims to unlock value for crypto investors through innovative risk management strategies.

Elrond

Seed Round in 2019
Elrond Ltd, founded in 2017 and headquartered in Malta, develops and operates a public blockchain network that utilizes a sharding-based architecture. This innovative approach allows Elrond's platform to compete with centralized cloud networks while maintaining the essential security and decentralization features inherent in blockchain technology. The company's infrastructure is designed to be secure, efficient, scalable, and interoperable, providing a comprehensive solution for various applications in the blockchain space.

NEAR

Series A in 2019
NEAR Inc. is a company that develops the NEAR Protocol, a scalable blockchain platform designed for creating decentralized applications. Founded in 2017 and headquartered in San Francisco, California, NEAR Protocol supports the development of open-source software and aims to facilitate mainstream adoption of decentralized technologies. The platform offers various services, including documentation, a wallet, a development studio, and an explorer, all built to enhance user experience and development efficiency. It is engineered to handle high-value assets securely while providing the necessary scalability for a wide range of decentralized applications. NEAR's focus on ease of use for both developers and end users distinguishes it in the evolving landscape of blockchain technology.

Marlin

Seed Round in 2019
Marlin is a decentralized content delivery network.

o1Labs

Series A in 2019
O(1) Labs is a software development company working on Mina Protocol, a tiny, portable blockchain. The company uses cryptography and cryptocurrency to build computing systems that put people back in control of their digital lives. It addresses one of the fundamental challenges in cryptocurrency by creating the first succinct blockchain that enables decentralization at scale. O(1) Labs was founded in 2017 and is headquartered in San Francisco, California by Evan Shapiro and Izaak Meckler.

ThunderCore

Series A in 2019
ThunderCore is a fast, high performance EVM-compatible public blockchain with fully decentralized trust that brings scale to decentralized applications - with higher throughput, faster confirmation times, and lower costs. Based on years of groundbreaking research by Professors Shi and Pass of Cornell University, ThunderCore uses a breakthrough consensus protocol that overcomes the fundamental limitations of Nakamoto consensus. The result maintains fully decentralized trust while significantly improving performance.​

o1Labs

Seed Round in 2018
O(1) Labs is a software development company working on Mina Protocol, a tiny, portable blockchain. The company uses cryptography and cryptocurrency to build computing systems that put people back in control of their digital lives. It addresses one of the fundamental challenges in cryptocurrency by creating the first succinct blockchain that enables decentralization at scale. O(1) Labs was founded in 2017 and is headquartered in San Francisco, California by Evan Shapiro and Izaak Meckler.

CoinList

Series A in 2018
CoinList is a San Francisco-based platform established in 2017 that facilitates token sales for digital asset companies. The platform connects blockchain projects with their communities prior to their assets being listed on other exchanges. It serves a diverse clientele within the digital asset ecosystem, including notable firms like Protocol Lab and Blockstack. CoinList offers services that enable token issuers to list their tokens and provides traders with opportunities for staking and access to decentralized finance. By bridging the gap between token developers and potential investors, CoinList plays a significant role in the growth and development of the blockchain industry.

ThunderCore

Seed Round in 2018
ThunderCore is a fast, high performance EVM-compatible public blockchain with fully decentralized trust that brings scale to decentralized applications - with higher throughput, faster confirmation times, and lower costs. Based on years of groundbreaking research by Professors Shi and Pass of Cornell University, ThunderCore uses a breakthrough consensus protocol that overcomes the fundamental limitations of Nakamoto consensus. The result maintains fully decentralized trust while significantly improving performance.​