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Multicoin Capital

501 West Ave., Suite 3803, Austin, TX, 78701, United States

Overview

Thesis-driven cryptofund investing in transformative crypto tokens.

Founded

2017

Deals · 12mo

9

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Singapore
United Kingdom
United States

Sector focus

Asset Management
Blockchain
Cryptocurrency
Finance
...

Investment portfolio

98rounds
NAMEDATESIZE
Inference
Jul 2026Led
$12 MSeed
Trasia Labs
Jul 2026Led
$2 MSeed
Fun
May 2026Led
$72 MSeries A
Exponent
Apr 2026Led
$5 MSeed
HYFIX
Apr 2026Participated
$15 MSeed
Novig
Feb 2026Participated
$75 MSeries B
LI.FI
Dec 2025Led
$29 MSeries A
Zama
Nov 2025Led
$150 MOther Equity
Crunch Lab
Oct 2025Participated
$5 MOther Equity
Solana
Sep 2025Participated
$1.6 BOther Equity
Forward Industries
Sep 2025Led
$1.6 BOther Equity
Fuse Energy
Jul 2025Participated
$10 MOther Equity
Inference
Jul 2026Led
$12 MSeed
Trasia Labs
Jul 2026Led
$2 MSeed
Fun
May 2026Led
$72 MSeries A
Exponent
Apr 2026Led
$5 MSeed
HYFIX
Apr 2026Participated
$15 MSeed
Novig
Feb 2026Participated
$75 MSeries B
LI.FI
Dec 2025Led
$29 MSeries A
Zama
Nov 2025Led
$150 MOther Equity
Crunch Lab
Oct 2025Participated
$5 MOther Equity
Solana
Sep 2025Participated
$1.6 BOther Equity
Forward Industries
Sep 2025Led
$1.6 BOther Equity
Fuse Energy
Jul 2025Participated
$10 MOther Equity
98
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Multicoin Capital: 98 funding rounds are recorded in the selected participation categories.All available history.
Multicoin Capital: 98 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed2710
Series A911
Series B15
Series C+11
Other Equity1121
ICO01

Monthly Deal Activity

Multicoin Capital: 98 deals are recorded across 105 months.All available history.
Multicoin Capital: 98 deals are recorded across 105 months. All available history
MonthDeals
Feb '181
Mar '181
Apr '181
May '180
Jun '180
Jul '181
Aug '181
Sep '180
Oct '182
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '190
May '190
Jun '193
Jul '194
Aug '190
Sep '190
Oct '191
Nov '191
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '202
Dec '200
Jan '210
Feb '210
Mar '211
Apr '211
May '212
Jun '210
Jul '215
Aug '211
Sep '212
Oct '213
Nov '212
Dec '210
Jan '224
Feb '223
Mar '223
Apr '223
May '221
Jun '222
Jul '221
Aug '222
Sep '221
Oct '221
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '233
May '230
Jun '230
Jul '231
Aug '230
Sep '231
Oct '230
Nov '231
Dec '230
Jan '240
Feb '242
Mar '243
Apr '243
May '243
Jun '240
Jul '240
Aug '241
Sep '242
Oct '240
Nov '240
Dec '240
Jan '251
Feb '251
Mar '252
Apr '251
May '250
Jun '252
Jul '251
Aug '250
Sep '252
Oct '251
Nov '251
Dec '251
Jan '260
Feb '261
Mar '260
Apr '262
May '261
Jun '260
Jul '262
Aug '260
Sep '260
Oct '260

Sector Breakdown

Multicoin Capital: Crypto & Blockchain is the largest displayed sector by deal count (65 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Multicoin Capital: Crypto & Blockchain is the largest displayed sector by deal count (65 deals). All available history
SectorDeals
Crypto & Blockchain65
Fintech38
Networks, Cloud & Communication29
Enterprise Software18
Hardware & Robotics8
E-Commerce & Retail7
Data, Analytics & IT7
Cybersecurity & Privacy6
AI & Machine Learning5
Social & Community Platforms5
Developer Tools5
Marketing & Advertising3
Manufacturing3
Gaming & eSports3
Professional Services3
AR/VR2
Clean Energy & Sustainability2
Real Estate & Construction2
Media & Entertainment2
Education & Workforce1
Government & Defense1
Consumer & Lifestyle1

Deal Size Distribution

Multicoin Capital: 98 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Multicoin Capital: 98 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M19
$5M-$10M25
$10M-$25M23
$25M-$50M15
$50M-$100M6
$100M-$250M7
$250M-$500M0
$500M-$1B1
$1B+2

Deals By Geography

Multicoin Capital: United States has the largest recorded deal count among the displayed regions (58 deals).All available history.

Top 10 of 15 regions; European countries are grouped as Europe.

Multicoin Capital: United States has the largest recorded deal count among the displayed regions (58 deals). All available history
RegionDeals
United States58
Europe13
Singapore6
Australia3
China3
India3
Israel2
Bahamas2
Canada2
Hong Kong1
Multicoin Capital: 20 co-investors are shown, with Coinbase Ventures sharing 14 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Multicoin Capital: 20 co-investors are shown, with Coinbase Ventures sharing 14 recorded deals. All available history
Co-investorShared deals
Coinbase Ventures14
Andreessen Horowitz8
Animoca Brands8
CoinFund8
Pantera Capital8
Solana Ventures8
Alameda Research7
Jump Crypto7
Blockchange Ventures6
Delphi Digital6
FTX Ventures6
Hashed6
Jump Capital6
Paradigm6
Hack VC5
Ribbit Capital5
Sequoia Capital5
Galaxy Digital4
GSR4
Hypersphere Ventures4

Investment Strategy

Multicoin Capital: Led accounts for 50% and participating for 50% of round participation.All available history.
Multicoin Capital: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led4950%
Participating4950%
Multicoin Capital: Single-lead accounts for 53% and co-led for 47% of lead dynamics.All available history.
Multicoin Capital: Single-lead accounts for 53% and co-led for 47% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2653%
Co-led2347%

Team

Greg Xethalis

General Counsel and Chief Compliance Officer

Gregory Xethalis

General Counsel and Chief Compliance Officer

Kyle Samani

Co-Founder, Managing Partner

Ryan Emmick

Blockchain Engineer

Shayon Sengupta
Spencer Applebaum
Tushar Jain

Managing Partner

Vinny Lingham

General Partner