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Status
ACTIVE
Global HQ
Austin, United States
Countries of investment
  • United States
  • Canada
  • Singapore
  • United Kingdom
  • Switzerland
  • Cayman Islands
  • Israel
  • Brazil
  • India
Investment stages
  • Pre-Seed
  • Seed
  • Series A
  • Series B
Industries
  • Crypto
  • DeFi
  • Web3
  • Layer 1 Protocols
  • DePIN
  • Stablecoins
  • Infrastructure
  • Consumer Crypto
  • AI x Crypto
  • Solana Ecosystem
About
Multicoin Capital is an Austin-based thesis-driven crypto VC. Their focus spans DeFi, Web3, Layer 1 protocols, DePIN, stablecoins, infrastructure, consumer crypto, and AI x crypto across the United States, Canada, Singapore, United Kingdom, Switzerland, Cayman Islands, Israel, Brazil, and India. The firm supports founders from Pre-Seed through Series B.
Min check size
$500K
Max check size
$15M
Fund size
NPS

Investment Thesis

Multicoin Capital is a thesis-driven multi-strategy crypto investment firm deploying capital across crypto, DeFi, Web3, Layer 1 protocols, DePIN, stablecoins, infrastructure, and consumer crypto sectors. They invest with deep conviction-based theses backing category-defining protocols especially within the Solana ecosystem and emerging DePIN category. The firm differentiates itself through its co-founders Kyle Samani and Tushar Jain's research-heavy approach, public investment thesis publication, Solana ecosystem leadership position, and pioneering DePIN investment category creation.
Lead investor
Co Invest
Number of exits
Preferred contact method

Manager's Experience

Kyle Samani (Co-Founder & Managing Partner) co-founded Multicoin Capital in 2017 with a thesis-driven research-heavy approach; he is known for pioneering the DePIN (Decentralized Physical Infrastructure Networks) investment category and is one of the most prominent Solana ecosystem advocates globally. Tushar Jain (Co-Founder & Managing Partner) co-founded the firm bringing deep crypto investing and research expertise. The firm has built $1B+ AUM across thesis-driven multi-strategy platform with public investment thesis publication setting industry standards for transparency.

Multicoin Capital Contacts Information

Primary contact

Secondary contact

Team

Kyle Samani - Co-Founder & Managing Partner

Tushar Jain - Co-Founder & Managing Partner

Spencer Applebaum - Investment Partner

Mable Jiang - Investment Partner

John Robert Reed - Partner

Vishal Kankani - Investment Partner

Portfolio

Solana

Helium

Render

Hivemapper

FTX

Audius

Arweave

dYdX

Magic Eden

StarkWare

Tensor

Phantom

Jito

Pyth Network

Marginfi

Goldfinch

Algorand

Anchor Protocol

Backpack

Drift

GMX

Mango Markets

Marinade Finance

Maple Finance

Mysten Labs

Polkadot

Saber

Serum

Tezos

The Graph

Zerion

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Net Internal Rate of Return
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Capital Allocation
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AUM
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