Multicoin Capital

Multicoin Capital is a thesis-driven investment firm specializing in blockchain and cryptocurrency investments. Founded in 2017, the firm focuses on long-term, high-conviction investments in category-defining crypto companies and protocols across public and private markets. They manage multi-billion dollar funds, including a hedge fund and a venture fund, investing predominantly in tokens and active in public markets, direct investments, and strategic sales.

The firm's investment strategy involves partnering with crypto entrepreneurs to reshape trillion-dollar markets. Their third venture fund, a $422 million vehicle raised in January 2022, backs early-stage companies and founders with investments ranging from $1 million to $50 million. Multicoin Capital is recognized for its research and analysis, exceptional deal flow, and strong brand in the crypto space.

Multicoin Capital operates globally, with offices in Austin, Texas, and Menlo Park, California. They work on behalf of long-duration capital, including endowments, venture capital funds, family offices, and funds of funds across their hedge fund and venture fund products. The firm is known for pioneering token economic models, introducing new valuation methodologies, and challenging long-standing assumptions in the crypto ecosystem.