Multicoin Capital

Multicoin Capital is a venture capital firm based in Austin, Texas, that pursues long-term, thesis-driven investments in cryptocurrency and blockchain tokens. It aims to reshape entire sectors of the global economy by funding projects that advance decentralized systems and permissionless finance, supporting the transition from centralized institutions to a more open internet-enabled economy.

Spencer Applebaum

Principal

Tushar Jain

Managing Partner

Vishal Kankani

Principal

Kyle Samani

Managing Partner

Shayon Sengupta

Associate

Past deals in Networking

DoubleZero

Initial Coin Offering in 2025
DoubleZero is developing a global fiber network intended for high-performance distributed systems and blockchains. It seeks to enhance blockchain performance by establishing a dedicated physical infrastructure layer for communication.

Quantinium

Seed Round in 2024
Quantinium develops pioneering blockchain infrastructure, setting industry benchmarks in speed, security, and reliability. It incorporates decentralization, scalability, sustainability, and cybersecurity, facilitating Quantum Wi-Fi, a decentralized global Software-defined Wireless Network (SDWN). This technology transforms isolated Wi-Fi networks into interconnected ecosystems, enabling users to share surplus internet capacity.

FastLane

Seed Round in 2023
FastLane builds MEV-aware infrastructure and smart contracts to make DeFi useable and keep it decentralized.

Coral

Venture Round in 2022
Coral is involved in Solana as the architect of the network's Anchor development framework.

Farcaster

Seed Round in 2022
Farcaster is a decentralized social network designed to facilitate connections among users with shared interests, such as coders, fitness enthusiasts, and meme creators. The company is focused on enhancing user engagement by increasing daily active users and implementing developer-friendly features, including channels and direct messaging capabilities. By establishing an open protocol, Farcaster enables users to move their identities across various applications, akin to how email operates. Users can claim unique usernames and store their social data off-chain, ensuring ownership and control over their social graphs. This framework empowers developers to create innovative applications that leverage the network's capabilities.

Helium

Series D in 2022
Helium Systems Inc. develops Internet-of-Things (IoT) technology, focusing on sensor devices that monitor environmental factors such as temperature, humidity, barometric pressure, motion, and light. These sensors are utilized in various applications, including facility monitoring and quality control for medical products, energy management, air quality assessment, and refrigeration temperature regulation. The company offers a web and mobile dashboard for users to manage and access sensor data. Additionally, Helium operates a decentralized wireless network that enables low-power IoT devices to connect to the internet. This network incentivizes individuals to become network operators, rewarding them with a cryptocurrency for validating network transactions and contributing to the network's integrity. Incorporated in 2013 and based in San Francisco, Helium Systems continues to innovate within the IoT landscape, enhancing the ability to gather insights from smart devices.

Grape Network

Seed Round in 2021
Grape Network is a developer of a decentralized social networking platform that aims to enhance the management of online communities through decentralized autonomous organizations (DAOs). The platform connects users' social accounts to cryptographic keys, allowing for community access based on wallet balances. In addition to its core functionalities, Grape Network offers a range of services including development, research, consulting, content marketing, and design. This comprehensive approach empowers DAOs to operate more effectively and securely, fostering a more engaged and organized community environment.

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.

Helium

Initial Coin Offering in 2021
Helium Systems Inc. develops Internet-of-Things (IoT) technology, focusing on sensor devices that monitor environmental factors such as temperature, humidity, barometric pressure, motion, and light. These sensors are utilized in various applications, including facility monitoring and quality control for medical products, energy management, air quality assessment, and refrigeration temperature regulation. The company offers a web and mobile dashboard for users to manage and access sensor data. Additionally, Helium operates a decentralized wireless network that enables low-power IoT devices to connect to the internet. This network incentivizes individuals to become network operators, rewarding them with a cryptocurrency for validating network transactions and contributing to the network's integrity. Incorporated in 2013 and based in San Francisco, Helium Systems continues to innovate within the IoT landscape, enhancing the ability to gather insights from smart devices.

Helium

Series C in 2019
Helium Systems Inc. develops Internet-of-Things (IoT) technology, focusing on sensor devices that monitor environmental factors such as temperature, humidity, barometric pressure, motion, and light. These sensors are utilized in various applications, including facility monitoring and quality control for medical products, energy management, air quality assessment, and refrigeration temperature regulation. The company offers a web and mobile dashboard for users to manage and access sensor data. Additionally, Helium operates a decentralized wireless network that enables low-power IoT devices to connect to the internet. This network incentivizes individuals to become network operators, rewarding them with a cryptocurrency for validating network transactions and contributing to the network's integrity. Incorporated in 2013 and based in San Francisco, Helium Systems continues to innovate within the IoT landscape, enhancing the ability to gather insights from smart devices.
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