At a Glance
Electric Capital was founded in 2018 by Avichal Garg and Curtis Spencer to focus exclusively on crypto and blockchain investments. The firm has become one of the most prominent crypto-native venture firms, known for its rigorous analytical approach and deep technical expertise. Electric Capital is perhaps best known for publishing the annual Crypto Developer Report, which has become the industry standard for tracking open-source development activity across blockchain ecosystems. The firm invests across the entire crypto stack, from infrastructure and protocols to applications and developer tools. Led by Managing Partner Avichal Garg, formerly a partner at Andreessen Horowitz, the team combines deep crypto knowledge with traditional venture expertise. Electric Capital has backed some of the most successful projects in crypto, including early investments in Solana, Near Protocol, and dYdX. The firm's approach emphasizes long-term thinking and supporting founders building foundational crypto infrastructure.
“Invests in programmable money and decentralized protocols, using developer activity data to identify the most promising crypto ecosystems.”
Electric Capital primarily invests at the Seed, Series A stages. This means they focus on companies that are building their initial product and finding product-market fit.
Electric Capital is headquartered in Palo Alto, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
Electric Capital focuses on investments in Web3, Fintech, DevTools. Their portfolio reflects deep expertise and networks within these sectors.
Electric Capital's typical investment check size ranges from $1M to $15M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Electric Capital manages approximately $1B in assets under management (AUM) across their funds.