Multicoin Capital

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.

Tushar Jain

Managing Partner

Kyle Samani

Co-Founder, Managing Partner

Past deals in Ethereum

Tableland

Series A in 2023
Tableland is a permissionless relational database tailored for web3 developers, enabling the creation of complex relational data models for decentralized applications, including games and NFTs. Built on the widely used SQLite engine, Tableland offers a secure and tamper-proof solution for data storage and retrieval on a global scale. It facilitates the synchronization and sharing of digital assets over a decentralized web protocol, allowing app developers to maintain control of their data through digital wallets. This innovative approach positions Tableland as a key player in the evolving landscape of decentralized technology.

Hubble Protocol

Venture Round in 2022
Hubble Protocol is a decentralized financial platform that facilitates long-term borrowing, lending, and the creation of structured financial products. It aims to democratize access to decentralized finance by offering a range of sustainable financial services. The protocol's software supports multi-asset collateral and enables zero-interest borrowing, allowing users to leverage yield-bearing assets for loans. Additionally, Hubble enhances yield generation on deposits of various tokens, providing clients with optimized financial opportunities while minimizing costs associated with loans.

Jito Labs

Series A in 2022
Jito Labs is the MEV infrastructure company that develops systems to scale Solana and maximize validator rewards.

Eden Network

Seed Round in 2021
Eden Network is a blockchain infrastructure company that focuses on enhancing transaction safety for traders and providing transaction priority for NFT minters. It develops a suite of Ethereum smart contracts that adhere to the principles of progressive decentralization, allowing token holders to participate in governance through private communication channels and decision-making processes. The company also offers essential liquid staking and validation infrastructure aimed at optimizing yield generation, increasing total value locked (TVL), and fostering overall network growth. By prioritizing both security and user governance, Eden Network seeks to create a more efficient and decentralized trading environment.

Dune Analytics

Series A in 2021
Dune Analytics AS, founded in 2018 by Fredrik Haga and Mats Olsen, is based in Oslo, Norway, and specializes in providing an analytics platform focused on Ethereum blockchain data. The company offers a powerful tool that enables users to query, extract, and visualize extensive amounts of on-chain data. Its software allows anyone to create SQL queries and analyses, instantly transforming results into visual graphs that can be shared within the community. This accessibility makes complex blockchain data consumable for a broad range of users, facilitating insights and research within the crypto space.

Enso Finance

Venture Round in 2021
The world's first intent engine powering the intent-centric future. A layer-1 tendermint-based blockchain, storing state from EVM, SVM, and MVM chains to enable execution on all blockchain frameworks.

Sommelier

Seed Round in 2021
Sommelier consists of the Cosmos Stargate SDK, its Tendermint-based consensus layer and a decentralized, bi-directional Ethereum bridge, managed by a global network of validators. Liquidity Providers (LPs) will be able to use Sommelier to author and execute complex, automated financial transactions, such as portfolio rebalancing, limit orders, as well as a host of other features that token holders have come to expect from centralized finance (CeFi), but that are not currently available in DeFi.

MathWallet

Series A in 2020
MathWallet is a multi-platform crypto wallet that supports more than 50 public blockchains and enables storage of Bitcoin and major altcoins like Ethereum, EOS, Tron and more. Additionally, it features cross-chain token exchanges, a multi-chain DApp store and operates nodes for PoS chain.

Dune Analytics

Seed Round in 2020
Dune Analytics AS, founded in 2018 by Fredrik Haga and Mats Olsen, is based in Oslo, Norway, and specializes in providing an analytics platform focused on Ethereum blockchain data. The company offers a powerful tool that enables users to query, extract, and visualize extensive amounts of on-chain data. Its software allows anyone to create SQL queries and analyses, instantly transforming results into visual graphs that can be shared within the community. This accessibility makes complex blockchain data consumable for a broad range of users, facilitating insights and research within the crypto space.

SKALE Labs

Venture Round in 2019
SKALE Labs, founded in 2015 and based in Atherton, California, develops a blockchain scalability platform designed to enhance the performance of decentralized applications (dApps) and smart contracts. The SKALE Network functions as a decentralized, open-source middleware layer that enables high-speed consensus, allowing dApps to execute millions of smart contracts and transactions per second. This innovative protocol addresses the scalability challenges faced by blockchains, particularly those like Ethereum and EOS. By employing a permission-less node network supported by SKALE Mining nodes, the platform optimizes interactions between dApps and various blockchain environments, empowering developers and enhancing the overall efficiency of decentralized applications.

The Graph

Seed Round in 2019
The Graph is an indexing protocol designed for querying data from blockchain networks such as Ethereum and IPFS, facilitating the development of decentralized applications (dApps). Developers can create and publish open APIs, known as subgraphs, which can be queried using GraphQL to access blockchain data. Currently, The Graph supports data indexing from Ethereum, IPFS, and POA, with plans to incorporate additional networks. It offers a hosted service to assist developers in building on the platform, while a decentralized network is set to launch soon. As of late 2020, over 3,000 subgraphs had been deployed by thousands of developers for various dApps, including Uniswap, Synthetix, and Decentraland. The Graph has experienced significant growth, with its usage increasing substantially month over month. To support its development, The Graph has raised funding from a broad range of community members and venture capitalists, totaling around $25 million.

SKALE Labs

Venture Round in 2018
SKALE Labs, founded in 2015 and based in Atherton, California, develops a blockchain scalability platform designed to enhance the performance of decentralized applications (dApps) and smart contracts. The SKALE Network functions as a decentralized, open-source middleware layer that enables high-speed consensus, allowing dApps to execute millions of smart contracts and transactions per second. This innovative protocol addresses the scalability challenges faced by blockchains, particularly those like Ethereum and EOS. By employing a permission-less node network supported by SKALE Mining nodes, the platform optimizes interactions between dApps and various blockchain environments, empowering developers and enhancing the overall efficiency of decentralized applications.

Kadena

Funding Round in 2018
Kadena LLC, established in 2016 and headquartered in Brooklyn, New York, specializes in private and permissioned blockchain technology solutions. The company has developed a hybrid blockchain platform that combines the benefits of public and private networks, featuring a unique sharded and scalable layer-1 proof-of-work public network. Kadena's technology addresses the scaling challenges of Bitcoin and the security concerns associated with Ethereum. Central to its offerings is the ScalableBFT consensus protocol, which is inspired by the Tangaroa protocol, and Pact, a programming language designed for implementing transactional logic and executing business operations. Kadena also emphasizes privacy through its blockchain settings that prevent unauthorized access to transaction details. With partnerships that include notable entities such as Cosmos and USCF, Kadena aims to provide a comprehensive platform for decentralized data sharing and transactions.

Kadena

Seed Round in 2018
Kadena LLC, established in 2016 and headquartered in Brooklyn, New York, specializes in private and permissioned blockchain technology solutions. The company has developed a hybrid blockchain platform that combines the benefits of public and private networks, featuring a unique sharded and scalable layer-1 proof-of-work public network. Kadena's technology addresses the scaling challenges of Bitcoin and the security concerns associated with Ethereum. Central to its offerings is the ScalableBFT consensus protocol, which is inspired by the Tangaroa protocol, and Pact, a programming language designed for implementing transactional logic and executing business operations. Kadena also emphasizes privacy through its blockchain settings that prevent unauthorized access to transaction details. With partnerships that include notable entities such as Cosmos and USCF, Kadena aims to provide a comprehensive platform for decentralized data sharing and transactions.

The Graph

The Graph is an indexing protocol designed for querying data from blockchain networks such as Ethereum and IPFS, facilitating the development of decentralized applications (dApps). Developers can create and publish open APIs, known as subgraphs, which can be queried using GraphQL to access blockchain data. Currently, The Graph supports data indexing from Ethereum, IPFS, and POA, with plans to incorporate additional networks. It offers a hosted service to assist developers in building on the platform, while a decentralized network is set to launch soon. As of late 2020, over 3,000 subgraphs had been deployed by thousands of developers for various dApps, including Uniswap, Synthetix, and Decentraland. The Graph has experienced significant growth, with its usage increasing substantially month over month. To support its development, The Graph has raised funding from a broad range of community members and venture capitalists, totaling around $25 million.
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