Multicoin Capital
Thesis-driven investment firm that invests in crypto assets, tokens and blockchain companies.
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Multicoin Capital key facts
| Category | Web3 venture firm |
|---|---|
| Platforms | Web |
| Launched | May 2017 |
| Company | Multicoin Diversified Fund I, LP: business address in Austin, TX (Form D filed Jul 25, 2017) |
What is Multicoin Capital?
Multicoin Capital is a thesis-driven investment firm founded in May 2017 that invests in crypto assets, tokens and blockchain companies through hedge and venture funds. Its SEC filings list an Austin, Texas business address. Founders can pitch through [email protected] or a contact form.
How Multicoin Capital works
Multicoin runs a hedge fund that trades public tokens and several venture funds that buy private equity and tokens.
It lists ten investment segments: execution layers, stablecoins, DeFi, real-world assets, payments, DePIN, applications, FHE and zero-knowledge cryptography, MEV infrastructure, and AI. It says it pioneered DePIN as a category in 2019. The firm manages capital for venture funds, family offices, institutions and high net worth individuals.
The team splits roles clearly. Tushar Jain leads portfolio construction, risk and trading; Spencer Applebaum and Shayon Sengupta are co-heads of venture; Brian Smith is CFO and COO. A separate policy team led by general counsel Greg Xethalis works on US market structure and stablecoin legislation and supports trade groups such as the Blockchain Association, where he is a director.
How to start with Multicoin Capital
- Pitch through the form on multicoin.capital/contact and pick "Pitch an idea for investment" as the outreach type, or email [email protected].
- The firm warns that it gets many pitches and says a warm introduction helps it qualify you faster; without one, it asks you to wait for a reply.
- Include a clear description of the business and any materials that help it evaluate the idea, per the contact page.
Risks to know before using Multicoin Capital
- Multicoin's disclosure on the contact page says it does not publicly list every position held by the hedge fund, and some venture investments stay unannounced for strategic or timing reasons.
- So the public portfolio page is not a full picture.
- It also states that past results of its funds are not indicative of future results.
- The funds are private and aimed at institutions and wealthy investors, not the public.
Multicoin Capital alternatives
Other projects people compare with Multicoin Capital.
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Global crypto investment firm backing teams from seed through Series B and later.
Where Multicoin Capital ranks on DappAtlas
Listed next to Multicoin Capital
- Electric Capital Web3 venture firm
- Framework Ventures Web3 venture firm
Multicoin Capital pros and cons
- Accepts unsolicited pitches by email or a 'Pitch an idea for investment' form
- Runs both a hedge fund and venture funds, so it can buy tokens and equity
- States no fund size or check range on its site
- Not an investment you can buy: its funds are private and not offered to the public
Multicoin Capital FAQ
What is Multicoin Capital?
Multicoin Capital is a thesis-driven investment firm founded in May 2017 that invests in crypto assets, tokens and blockchain companies through hedge and venture funds. Its SEC filings list an Austin, Texas business address. Founders can pitch through [email protected] or a contact form.
Sources
How this page works
Sources: Multicoin Capital: official site, Multicoin Capital: About, SEC: Multicoin Diversified Fund I filings. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.