Mode VC
Texas

Multicoin Capital

Multicoin Capital, based in Texas, leads Pre-Seed to Series B rounds in Crypto with checks ranging from $500k to over $30M, backing firms like Solana and Helium.

Website XPortfolioPitch pageTeam page
Entry stagePre-seed, Seed, Series A, Series B
Check size$500K to $30M+
Leads roundsYes
FocusCrypto
Latest fund$422M (2022)$422M Venture Fund III (2022)
Investing team3 peopleNo activity since Sep

Who you would pitch at Multicoin Capital

3 people on the investing team, 3 of them partners who can make the call. Partners are listed first.

Shayon Sengupta
Shayon SenguptaGeneral Partner, Co-Head of VentureHe previously worked at Abodewell and SAP, focusing on operations, risk management, and strategy.
Spencer Applebaum
Spencer ApplebaumGeneral Partner, Co-Head of VentureFocus: DeFi, DePIN, and crypto-consumer apps.
Tushar Jain
Tushar JainManaging PartnerHe previously founded ePatientFinder, acquired by Elligo Health Research, and holds degrees from New York University.

Work here and something is wrong? Ask for a correction.

Writes $500K to $30M+ checks. Its smallest check is larger than 71% of firms in the atlas.

Bars: how many firms in the atlas report each band. Highlighted: this firm.

No recent activity since September 2026. Quiet does not mean closed.

Weekly count of activity updates. Activity is not a confirmed deal.

Before you pitch

Ownership target7-10%
How to reach them[email protected]

Notable investments

SolanaHeliumJitoHyperliquidEthenaDrift

In their words

Multicoin CapitalMulticoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies reshaping trillion-dollar markets.multicoin.capital
Founders and investors at a Mode VC gathering

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One email when this firm shows new activity. Nothing else.

Firms like Multicoin Capital

Foundation Capital$1M to $30M+ · active Sep 25
Griffin Gaming Partners$1M to $30M+ · active Sep 24
Valhalla Ventures$500K to $10M · active Sep 30
Jump Crypto$500K to $30M
Mercury Fund$100K to $10M · active Oct 14
Trammell Venture Partners (TVP)$250K to $10M

On these lists

Seed investors in United States2836Series A investors in United States1790Pre-seed investors in United States1561Series B investors in United States563Seed crypto investors131Pre-seed crypto investors84Series A crypto investors75Seed investors in Texas58

Questions

What stage does Multicoin Capital invest in?

Multicoin Capital reports entry at pre-seed, seed, series a, series b.

How much does Multicoin Capital invest?

Multicoin Capital reports checks of $500K to $30M+.

Does Multicoin Capital lead rounds?

Yes. Multicoin Capital says it can lead.

Who are the partners at Multicoin Capital?

Shayon Sengupta (General Partner, Co-Head of Venture), Spencer Applebaum (General Partner, Co-Head of Venture), Tushar Jain (Managing Partner).

Is Multicoin Capital active right now?

No recent activity since September 2026.

Work at Multicoin Capital? Claim or correct this profile.