Multicoin Capital
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.
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.
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.
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.
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