Electric Capital Fund III

Electric Capital

cb Email

Status

ACTIVE

Global HQ

Palo Alto, United States

Countries of investment

United States
Canada
United Kingdom
Singapore
Cayman Islands

Investment stages

Seed
Series A
Series B
Growth

Industries

Crypto
Web3
DeFi
Layer 1 Protocols
Infrastructure
Stablecoins
AI x Crypto
Liquid Tokens

About
Electric Capital is a Palo Alto-based multi-strategy crypto VC. Their focus spans DeFi, Layer 1 protocols, infrastructure, stablecoins, AI x crypto, and liquid tokens across the United States, Canada, United Kingdom, Singapore, and Cayman Islands. The firm supports founders from Seed through Growth.

Min check size: $1M
Max check size: $15M
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Investment Thesis

Electric Capital is a multi-strategy crypto investment firm deploying capital across crypto, Web3, DeFi, Layer 1 protocols, infrastructure, stablecoins, AI x crypto, and liquid tokens sectors. They invest with research-heavy conviction backed by their famous Developer Report tracking crypto ecosystem growth. The firm differentiates itself through its co-founders Avichal Garg and Curtis Spencer's deep technical backgrounds, annual Electric Capital Developer Report (industry-standard ecosystem benchmark), long-term capital approach, and Tier-1 reputation as research-driven crypto VC.

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Manager's Experience

Avichal Garg (Co-Founder & Managing Partner) co-founded Electric Capital in 2018 after serving as Director of Product Management at Facebook and co-founding Spool (acquired by Facebook); he brings deep technical product expertise. Curtis Spencer (Co-Founder & Managing Partner) co-founded the firm with deep technical engineering expertise. The firm produces the annual Electric Capital Developer Report tracking crypto ecosystem developer activity as the industry-standard benchmark, with $1B+ AUM across multiple funds.