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The Venture Codex

Electric Capital

855 El Camino Real #13A-152, Palo Alto, CA, 94301, United States

Overview

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

Total investments
84
Lead investments
37
Investments · 12mo
7
Active investors
4

Sector focus

  • Blockchain
  • Cryptocurrency
  • Financial Services
  • FinTech
  • Venture Capital
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Investment portfolio

  • Legend Trade

    Led · Seed · Apr 2026

    Legend Trade operates an on-chain trading competition platform built around perpetual contracts, positioning itself as a trader-to-trader derivatives venue. The platform ran a public beta that generated more than $80 million in trading volume within three weeks. Legend Trade has announced that Season 0 of its trading competitions will launch next week. Financially, the company has now raised over $5 million in total capital, including a $3.5 million seed round led by Electric Capital with participation from Amber Group and GSR Markets LTD. The articles do not provide revenue or user counts, nor do they disclose the company's founding year or location.

  • Legend

    Led · Seed · Apr 2026

    Legend operates a crypto trading platform that launched a public alpha three weeks before the report and has already recorded over $80 million in trading volume. The platform ranked among the top 20 in the Hyperliquid ecosystem by seven-day trading volume. Legend secured $3.5 million in a seed round led by Electric Capital, bringing its total funding to over $5 million. The company has announced plans to launch "Season 0" in the week following the report. Articles do not disclose revenue, user counts, founding year, or location.

  • Squads

    Participated · Equity · Apr 2026

    Squads builds financial infrastructure on Solana and operates two primary products: Squads Multisig, the smart account standard, and Altitude, a financial operating system for businesses. Squads Multisig secures over $10 billion in assets across the Solana ecosystem. Altitude provides businesses multi-currency accounts, corporate cards, global payments, APY on balances, and a CFO stack, and since its public launch in December 2025 has processed over $200 million in payments. Altitude holds treasury in stablecoins, settles on stablecoin rails for instant, low-cost transfers, and routes to traditional banking rails through a network of licensed PSPs. The company emphasizes compliance and security with a proprietary compliance engine and layered controls, and plans to use recent funding to expand its team, payment network, and product roadmap. Squads has raised a total of $42.9 million to date.

  • Aven

    Participated · Series E · Sep 2025

    Aven issues HELOC-backed credit cards that provide homeowners fast access to home equity combined with a premium credit card experience. The company invented the first HELOC-backed credit card and offers products such as the Home Equity Card and a recently launched Rewards Card. Aven says its approach delivers borrowing costs up to 50% lower than traditional credit cards while providing 2% unlimited cash back. The firm reports 3x customer base growth year-over-year, has issued more than $3 billion in aggregate credit lines, and has delivered over $215 million in interest savings to homeowners. Aven plans to expand beyond home equity into multiple asset classes and is launching mortgage refinancing as part of its goal to become a one-stop, technology-powered platform for homeowners. The company emphasizes automation, patented robotics, and large-scale machine learning to underwrite and manage asset-backed financial products at scale. Aven is a technology company that issues the Aven Home Card, a home equity‑backed consumer credit card enabling homeowners to access home equity quickly while retaining traditional credit card convenience. The Home Card advertises rates as low as 7.99% APR, no annual fee, credit lines up to $250,000, 2% unlimited cashback and 7% cashback on hotels, with approvals in under five minutes and closings in as fast as 15 minutes. Since launching in California in 2022, Aven has issued over $1.5 billion in credit lines and says it has saved customers more than $100 million in interest; the company reported roughly 3x revenue growth last year. Aven also offers a free, mobile‑first financial advisory tool, Aven Advisor, which has amassed over 160,000 members. The company plans to expand the Home Card to all 50 states by 2025, scale Advisor, and enter new categories including auto‑backed cards and mortgage refinance. Aven partners with Coastal Community Bank, Member FDIC, and markets its product as a lower‑cost alternative to unsecured credit for qualified homeowners.

  • Sharplink Gaming

    Participated · Equity · Sep 2025

    SharpLink Gaming develops technology that merges sports betting, interactive gaming, and blockchain functionality. Historically focused on creating engaging wagering experiences, the company is now complementing its core platform with a treasury strategy centered on crypto assets. Its latest move is to purchase synthetic Ethereum (SETH) with fresh capital, reflecting a belief that tying the company’s balance sheet to Ethereum’s performance can enhance long-term shareholder value. By holding SETH—an ERC-20 token that mirrors ETH’s price—SharpLink seeks to expose investors to crypto upside without direct token custody complexities. Management positions this strategy as both a balance-sheet enhancer and a marketing differentiator in the gaming sector. While no revenue or user figures were disclosed, the sizeable capital raise indicates an ambition to scale operations and reinforce financial stability. The company cautions that crypto market volatility could introduce new risks, but it views the potential appreciation of SETH as outweighing dilution from the new share issuance.

Team