Multicoin Capital
4
Rounds
$154M
Invested
Backing high-conviction bets on crypto infrastructure and protocols at early stages, Multicoin Capital is a thesis-driven VC fund that takes concentrated positions rather than scattering capital across dozens of deals. The team is known for publishing detailed research memos that lay out macro crypto theses, from Layer 1 competition to DeFi primitives, and then investing accordingly. Focuses heavily on open financial systems, Web3 infrastructure, and token-native projects.
Portfolio
| Project | Category | Round | Amount | Date | Investors |
|---|---|---|---|---|---|
| DeFi | Seed | $2.0M | Jul 16, 2026 | Multicoin Capital | |
| FFun | Payments | Series A | $72M | May 1, 2026 | Multicoin CapitalSSignalFireIInfinity Ventures Crypto+1 more |
| DeFi | Seed | $5.0M | Apr 30, 2026 | Multicoin CapitalSSolana VenturesRRockawayX+3 more | |
 Novig | Prediction Market | Series B | $75M | Feb 18, 2026 | PPantera CapitalMulticoin CapitalFForerunner Ventures+1 more |