Investors / United States / Multicoin Capital
Multicoin Capital
Venture capital · Austin, TX, United States · North America
Multicoin Capital is a thesis-driven investment firm that manages a hedge fund and several venture funds, investing in cryptoassets, tokens, and blockchain companies in both public and private markets. It makes long-term, high-conviction investments on behalf of families, foundations, endowments, and institutional investors.
Invests inFintech
In its own wordscryptoblockchaindefistablecoinsdepinweb3
Your fit with Multicoin Capital
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See how your round matches what it backs, point by point.
Or find every investor that fitsMulticoin Capital lists 130 checked portfolio companies on its own site and is named in 13 funding rounds, 4 of them as lead. Its most frequent entry is Series A, 42% of the companies with a known first round. Its largest themes are Fintech (45%), Crypto & Web3 (11%) and AI & Machine Learning (10%). 71% of its companies are based in United States. It invests most often alongside Andreessen Horowitz, DCG and NGC Ventures.
Counts come from funding rounds that name Multicoin Capital, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Multicoin Capital's whole history. Rounds on record name 13 companies; its own site lists 130. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 33% |
| Series A | 42% |
| Series B | 8% |
| Growth | 17% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 1 | 0 |
| '20 | 0 | 0 |
| '21 | 2 | 0 |
| '22 | 1 | 0 |
| '23 | 0 | 0 |
| '24 | 1 | 1 |
| '25 | 5 | 1 |
| '26 | 3 | 2 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 97th | 130 companies |
| Recent activity | 82th | 4 rounds in 12 months |
| Early stage | 64th | 33% of entries at pre-seed or seed |
| Evidence | 72th | 8% of companies confirmed by a round |
| Sector focus | 79th | 45% in its largest sector |
| Reach | 97th | 12 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Fintech | 45% | 12% |
| Crypto & Web3 | 11% | 1% |
| AI & Machine Learning | 10% | 18% |
| Cybersecurity | 7% | 4% |
| Developer Tools | 4% | 0% |
| Industrial & Manufacturing | 3% | 7% |
| Education | 3% | 7% |
| E-commerce & Marketplaces | 3% | 6% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Andreessen Horowitz | 13 |
| DCG | 12 |
| NGC Ventures | 12 |
| a16z Frontier | 12 |
| Pantera Capital | 11 |
| ParaFi Capital | 10 |
| Animoca Brands | 8 |
| Collab+Currency | 8 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers12697%
- No longer answers00%
- Points to another company43%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with Andreessen Horowitz
Compare Multicoin Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Funds
as stated on its siteRecent portfolio activity
when companies last raised with Multicoin Capital| Date | Company | Stage |
|---|---|---|
| 28 Oct 2026 | Seed Led | |
| 30 Apr 2026 | Series A Led | |
| 11 Dec 2025 | Series A Led | |
| 7 Oct 2025 | Series A | |
| 11 Sept 2025 | Series A | |
| 25 Jun 2025 | Series C+ | |
| 1 Jun 2025 | Seed | |
| 12 Sept 2024 | Round Led |
Round details for Multicoin Capital
Amounts, full round histories and every co-investor in Multicoin Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
130 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Project Ø is a DeFi-native prime broker that bridges together on-chain venues with unified margin. | FintechCrypto & Web3 | Portfolio page | ||
| Portfolio page | ||||
| Alethea AI provides interactive avatars and AI tutors for practice conversations and skills training. | AI & Machine LearningEducation | Portfolio page | ||
| Algorand provides blockchain solutions for various applications, including moving money, verifying data, and tokenizing assets. | FintechDeveloper Tools | Portfolio page | ||
| The company helps crypto and fintech startups reach product-market fit through its accelerator program. | FintechCrypto & Web3 | Portfolio page | ||
| The company provides free crypto market data terminal services. | Fintech | Portfolio page | ||
| Aptos Labs develops products and applications for the Aptos blockchain | FintechCrypto & Web3 | Mar 2022Seed | Page + round | |
| Arch provides a platform for users to hold and manage various assets, including cryptocurrencies and stocks, and offers services such as borrowing and earning interest | FintechCrypto & Web3 | Portfolio page | ||
| Arweave provides permanent information storage through a decentralized network. | Crypto & Web3AI & Machine Learning | Nov 2019Seed | Page + round | |
| Portfolio page | ||||
| Bakkt builds next-generation digital payments and financial infrastructure. | Fintech | Portfolio page | ||
| The company provides an app for scanning prices of bottles and earning points | E-commerce & MarketplacesConsumer | Portfolio page | ||
| Birch Hill provides credit products and asset management services, including onchain credit and private credit offerings for institutions. | FintechLegal & Compliance | Oct 2026Seed | Page + round | |
| Blackbird offers a rewards program for dining spend, allowing users to earn points at restaurants, bars, and cafes. | FintechFood & Agriculture | Portfolio page | ||
| Breeze provides payment infrastructure and services to businesses, handling tasks such as compliance, fraud, and customer support | FintechE-commerce & Marketplaces | Portfolio page | ||
| Portfolio page | ||||
| Portfolio page | ||||
| CabinDAO built and operated a network of coliving properties around the world for remote workers and digital nomads. | Real Estate & ConstructionFintech | Portfolio page | ||
| The company maintains the Crunch Protocol and facilitates governance for CrunchDAO. | Fintech | Oct 2025Series A | Funding round | |
| The company provides high-stakes AI solutions by deploying a network of researchers to solve clients' problems. | Industrial & ManufacturingConsumer | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- multicoin.capital
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 5 Nov 2019
- Companies checked
- 130
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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