Multicoin Capital

Multicoin Capital is a venture capital firm based in Austin, Texas, that pursues long-term, thesis-driven investments in cryptocurrency and blockchain tokens. It aims to reshape entire sectors of the global economy by funding projects that advance decentralized systems and permissionless finance, supporting the transition from centralized institutions to a more open internet-enabled economy.

Spencer Applebaum

Principal

Tushar Jain

Managing Partner

Vishal Kankani

Principal

Young Ling

Analyst

Kyle Samani

Managing Partner

Past deals in Peer to Peer

P2P me

Seed Round in 2025
P2P.me is a groundbreaking platform focused on simplifying the process of converting cryptocurrencies, particularly stablecoins like USDC, into fiat currencies.

El Dorado

Seed Round in 2024
El Dorado develops a mobile payments platform designed to facilitate domestic and cross-border transactions in Latin America. It connects with over 70 local payment channels and leverages a network of currency exchange agents, aiming to address the region's financial ecosystem fragmentation for individuals and small-to-medium businesses.

Quantinium

Seed Round in 2024
Quantinium develops pioneering blockchain infrastructure, setting industry benchmarks in speed, security, and reliability. It incorporates decentralization, scalability, sustainability, and cybersecurity, facilitating Quantum Wi-Fi, a decentralized global Software-defined Wireless Network (SDWN). This technology transforms isolated Wi-Fi networks into interconnected ecosystems, enabling users to share surplus internet capacity.

Glif

Seed Round in 2024
Glif is a technology company that develops and maintains essential applications for the Filecoin ecosystem. It offers a decentralized protocol that provides tools for managing and upgrading custom staking pools, enabling users to earn yield on their assets and efficiently allocate capital and storage resources.

Lore

Venture Round in 2022
community capital network

Hubble Protocol

Venture Round in 2022
Hubble Protocol is a decentralized financial platform that facilitates long-term borrowing, lending, and the creation of structured financial products. It aims to democratize access to decentralized finance by offering a range of sustainable financial services. The protocol's software supports multi-asset collateral and enables zero-interest borrowing, allowing users to leverage yield-bearing assets for loans. Additionally, Hubble enhances yield generation on deposits of various tokens, providing clients with optimized financial opportunities while minimizing costs associated with loans.

DFlow

Seed Round in 2022
DFlow is a payment-for-order-flow marketplace that provides transparent and market-driven price discovery for order flow. They provide a decentralized market platform to ensure the most optimal execution environment for consumers. The market-driven approach to PFOF used by DFlow allows the public to see live market prices for token pairs.

BetDEX

Seed Round in 2021
BetDEX is a decentralized sports betting protocol that operates on a blockchain-based platform, allowing users to place bets on various sports utilizing cryptocurrency. The platform is designed to provide high-speed transactions and low costs while eliminating counterparty risk, making the betting process more secure and efficient. BetDEX is permissionless, enabling developers to create their own applications on top of its infrastructure. This flexibility allows customers not only to engage in sports betting but also to trade on sports and prediction markets, giving them control over their betting experience and the ability to set their own prices.

Grape Network

Seed Round in 2021
Grape Network is a developer of a decentralized social networking platform that aims to enhance the management of online communities through decentralized autonomous organizations (DAOs). The platform connects users' social accounts to cryptographic keys, allowing for community access based on wallet balances. In addition to its core functionalities, Grape Network offers a range of services including development, research, consulting, content marketing, and design. This comprehensive approach empowers DAOs to operate more effectively and securely, fostering a more engaged and organized community environment.

LayerZero

Series A in 2021
LayerZero develops a blockchain interoperability platform that enables data exchange between disparate blockchains. Its platform achieves speed and security by validating as an on-chain light node, allowing companies to build cross-chain applications using a low-level communication primitive.

UXD Protocol

Seed Round in 2021
UXD Protocol operates a decentralized platform on the Solana blockchain. It facilitates digital asset transactions through an algorithmic stablecoin that automatically generates interest and maintains its peg by balancing different cryptocurrencies as collateral.

Oxygen.org

Venture Round in 2021
Oxygen.org is a decentralized brokerage protocol focused on digital assets and leveraged trading. Its platform provides a decentralized prime brokerage solution, a DeFi wallet, and a dedicated token. This infrastructure allows users to engage in borrowing, lending, and trading with leverage, thereby democratizing access to these financial services. Users can earn yields, borrow from peers, and trade directly from their asset pools, all while obtaining trading leverage against their portfolios.

Braintrust

Venture Round in 2020
Braintrust is a blockchain-powered freelancer marketplace that connects organizations with technical and design talent. Founded in 2018 in San Jose, California, by Adam Jackson, Gabriel Luna-Ostaseski, and Brian Flynn, the company offers a user-controlled talent network that eliminates intermediaries, allowing enterprises to access highly skilled professionals while achieving significant cost savings. By charging a flat project fee, Braintrust enables talent to retain 100 percent of their earnings. The platform emphasizes transparency and trust, utilizing a tokenized network to ensure that employers can find the right talent based on verified reputation, work history, and cultural fit. Braintrust aims to disrupt traditional hiring practices by realigning incentives and redistributing value between talent and organizations.

RightMesh

Initial Coin Offering in 2018
RightMesh is a developer of a software-based mobile mesh networking platform that facilitates last-mile connectivity by enabling direct peer-to-peer connections between various devices. Its innovative mesh networking protocol allows users to connect to critical services, information, and each other without relying on traditional internet infrastructure. The company's patent-pending technology creates mobile mesh networks by establishing and managing device-to-device connections, particularly among Android phones and IoT devices. Additionally, RightMesh incorporates a cryptocurrency protocol that incentivizes individuals to share their mobile device resources, such as bandwidth and storage, thereby increasing global connectivity and enhancing access for those who lack reliable internet access. Developers can leverage RightMesh's platform and SDK to integrate its technology into their applications, promoting international communication and commerce.
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