Multicoin Capital
VC Fund
Austin, United States
Multicoin Capital is a thesis-driven cryptofund that invests long term in tokens that reshape entire sectors of the global economy. It is on a mission to accelerate the transition from the centralized institutions of the industrial age to the decentralized institution of the internet age. By accelerating the transition from permissioned to permissionless financial systems, Multicoin aims to accelerate humanity’s ability to achieve its full potential. Multicoin Capital was established in 2017 and is based in Austin, Texas.
- Total investments:
- 203
- Last investment:
- Lead investor:
- 48%
- Fund size:
- $430M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Multicoin Capital invests in
Stages Multicoin Capital invests in
Countries Multicoin Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 6 contacts → | |||
Round size
- Seed
- $1.5M–$16M
- Series A
- $8M–$72M
- Venture - Series Unknown
- $5M–$40M
Investment Focus
Industry
- Blockchain 75 (37%)
- Cryptocurrency 51 (25%)
- Software 35 (17%)
- Information Technology 27 (13%)
- Financial Services 24 (12%)
Stage
- Seed 89 (44%)
- Series A 42 (21%)
- Venture - Series Unknown 16 (8%)
- Initial Coin Offering 14 (7%)
- Funding Round 10 (5%)
Country
- United States 78 (38%)
- Singapore 8 (4%)
- Switzerland 4 (2%)
- China 3 (1%)
- Canada 3 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Gregory Xethalis
General Counsel and Chief Compliance Officer
|
General Counsel and Chief Compliance Officer | Total investments: 0 | Find email | |
Greg Xethalis
General Counsel and Chief Compliance Officer
|
General Counsel and Chief Compliance Officer | Total investments: 0 | Find email | |
Kyle Samani
Co-Founder and Managing Partner
|
Co-Founder and Managing Partner | Total investments: 41 | Find email | |
Ryan Emmick
Blockchain Engineer
|
Blockchain Engineer | Total investments: 0 | Find email | |
Tushar Jain
Managing Partner
|
Managing Partner | Total investments: 10 | Find email | |
| See all 6 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Grass is an online community that offers reward for people who provide unused internet for AI developers and enthusiasts. | Venture - Series Unknown / Sep 29, 2026 | ||
| We disrupt the personal finance space through gamification and interaction, starting with letting people bet against their bills. On Coverd, users can play for as little as $0.01 to have entire credit card bills or obligations written off. We want to become the best personal finance solution based on game and interaction data. | $20M / Series A / Sep 04, 2026 | ||
| Trasia operates a non-custodial decentralized finance business model within the Hyperliquid blockchain ecosystem. The platform's value proposition centers on giving Asian retail investors on-chain access to traditional stock derivatives via localized mobile trading interfaces. By utilizing the upcoming HIP-3 protocol, the platform enablesseamless capital allocation into cash-settled perpetual contracts tied directly to Asian equity reference prices. This architecture bridges conventional equity investment with Web3 liquidity without requiring users to deposit assets into a centralized intermediary. | $1.8M / Seed / Jul 16, 2026 | ||
| Zcash offers total payment confidentiality, while still maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash transactions automatically hide the sender, recipient, and value of all transactions on the blockchain. Only those with the correct view key can see the contents. Users have complete control and can opt-in toprovide others with their view key at their discretion.Zcash transactions do not depend on the cooperation of other parties. Additionally, full nodes in the Zcash network only need to store a small persistent state. | Venture - Series Unknown / May 21, 2026 | ||
| Fun offers to build a product ecosystem that leverages cross-chain decentralized wallets on the Odsy blockchain. | $72M / Series A / May 01, 2026 | ||
| Exponent Finance is a Solana Network DeFi fixed price market that creates time-locked tokens that can generate set returns or be traded for yield. | $5M / Seed / Apr 30, 2026 | ||
| HYFIX Spatial Intelligence is a Machinery Manufacturing firm developing IoT-friendl software and hardware. | $15M / Seed / Apr 15, 2026 | ||
| Novig is a sports prediction platform where users participate in peer-to-peer wagering on sporting events using dual currencies. It enables participants to propose or accept odds directly with one another, access real-time market data, and engage in prediction markets rather than betting against a traditional house model. Users interact through itsmobile app, making selections with free-to-play tokens or staking redeemable tokens for chances to earn cash prizes under a sweepstakes framework. The platform also offers transparent order books and tools for managing wagers, and it supports customer assistance through in-app help and support channels. | $75M / Series B / Feb 18, 2026 | ||
| LI.FI builds a DeFi middleware for the application layer. A bridge & DEX aggregation protocol abstracts away the most crucial financial infrastructure to move in and out of any position on any chain — the one gateway to access all DeFi. Whoever (e.g. TradFi) wants to deal with crypto today is forced to deal with a multi-chain environment. Even the most basic liquidity flow requires connecting RPCs, cross-chain bridges, DEXs and DEX aggregators, token lists, gas estimation APIs, and relayer networks. This already complex solution bears the additional need for monitoring, analytics, and fail-safety. | $29M / Series A / Dec 11, 2025 | ||
| Inference is a distributed GPU cluster for LLM inference based on Solana, providing a fast, scalable, and token-based API for models such as DeepSeek V3 and Llama 3.3. | $11.8M / Seed / Oct 14, 2025 | ||
| See all 203 investments → | |||
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FAQ
What does Multicoin Capital invest in?
Multicoin Capital invests primarily in Blockchain, Cryptocurrency and Software startups, most often at Seed and Series A stage. Most of the 203 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Multicoin Capital invest in?
Multicoin Capital typically joins rounds of $1.5M–$16M at Seed, $8M–$72M at Series A and $5M–$40M at Venture - Series Unknown. These are whole funding-round sizes, not Multicoin Capital's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Multicoin Capital took part in.
How do I contact Multicoin Capital?
Public channels for Multicoin Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Multicoin Capital?
The team at Multicoin Capital includes Gregory Xethalis (General Counsel and Chief Compliance Officer), Greg Xethalis (General Counsel and Chief Compliance Officer) and Kyle Samani (Co-Founder and Managing Partner), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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