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Electric Capital

Founders Avichal Garg Curtis Spencer Maria Xinhe Shen

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 100
Average round size
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The average size of a deal this fund participated in
$26M
Portfolio companies 74
Rounds per year 9.09
Lead investments 20
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.24
Key employees 1

Areas of investment

  • Blockchain
  • Cryptocurrency
  • Software
  • Finance
  • Financial Services
Summary

The venture was found in North America in United States. The main department of described VC is located in the Palo Alto.

The fund was created by Avichal Garg, Maria Xinhe Shen. The overall number of key employees were 1.

The fund has exact preference in some founders of portfolio startups. If startup sums 3 of the founder, the chance for it to be financed is low. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight ThunderCore, Marlin Labs, NEAR Protocol. Among the most successful fund investment fields, there are Social Media, Marketplace. Besides, a startup needs to be aged 1 and less years to get the investment from the fund.

The fund is generally included in 2-6 deals every year. Deals in the range of 10 - 50 millions dollars are the general things for fund. The high activity for fund was in 2019.

The standard case for the fund is to invest in rounds with 6-7 partakers. Despite the Electric Capital, startups are often financed by MetaStable Capital, iAngels, Sora Ventures. The meaningful sponsors for the fund in investment in the same round are MetaStable Capital, Arrington XRP Capital, Polychain. In the next rounds fund is usually obtained by Polychain, Paradigm, Naval Ravikant.

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Typical Co-investors
Electric Capital is more likely to invest in rounds together with the following funds:
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These funds have a tendency to invest in the following rounds after Electric Capital:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

HealthEx

Health Care
Medical
21 Oct 2024 San Francisco, California, United States

Kuru

Blockchain
Cryptocurrency
Finance
Trading Platform
$2M24 Jul 2024 -

Layer3

Blockchain
Cryptocurrency
$15M12 Jun 2024 Washington, District of Columbia, United States

OAK Network

Blockchain
Cryptocurrency
FinTech
Payments
$4M11 Jun 2024 San Francisco, California, United States

Squads

Apps
Developer Platform
Web Development
$10M10 Jun 2024 Solana, Misamis Oriental, Philippines

Kiosk

$10M02 May 2024 New York, New York, United States

Puffer Finance

Blockchain
Finance
$18M16 Apr 2024 -

Storm Labs

$3M09 Apr 2024 Austin, Texas, United States

Ellipsis Labs

$20M04 Apr 2024 New York, New York, United States
News
Shipyard Software Raises $21M in Funding

– Shipyard Software, Inc. specializes in building decentralized exchanges for specific types of trades, traders, and instruments.
– Company raised $21M in funding.
– The round was led by Polychain Capital with participation from 0x Labs, 1inch, DeFi Alliance, Quantstamp, MetaCartel DAO, Robot Ventures, FJLabs, Naval Ravikant, Nascent, Three Arrows Capital, Electric Capital, LD Capital, and IOSG.
– The new investment will be used to accelerate growth and expand operations.

Bitwise Asset Management Inc. Completes $70 Million Series B, Valuing the Company at More Than $500 Million

– Bitwise announced the completion of its Series B.
– The round was led by Elad Gil and Electric Capital, joined by new backers including Daniel Loeb’s Third Point LLC, Daniel Och’s Willoughby Capital, Louis Bacon’s Moore Strategic Ventures, Paul Eisenstein’s Vetamer Capital, and Coinbase Ventures.
– Bitwise plans to use the proceeds from its Series B round to strengthen its balance sheet and accelerate the national buildout of its organization, team and product suite.
– Bitwise is the world’s largest cryptocurrency index fund manager and is currently profitable.
– Assets under management are up more than 20x year over year, crossing $1.2 billion at the end of Q1 and taking the company to profitability.

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Total investments 100
Average round size 26M
Rounds per year 9.09
Peak activity year 2021
Lead investments 20
Follow on index 0.24
Group Appearance index 0.98

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

HealthEx

Health Care
Medical
21 Oct 2024 San Francisco, California, United States

Kuru

Blockchain
Cryptocurrency
Finance
Trading Platform
$2M24 Jul 2024 -

Layer3

Blockchain
Cryptocurrency
$15M12 Jun 2024 Washington, District of Columbia, United States

OAK Network

Blockchain
Cryptocurrency
FinTech
Payments
$4M11 Jun 2024 San Francisco, California, United States

Squads

Apps
Developer Platform
Web Development
$10M10 Jun 2024 Solana, Misamis Oriental, Philippines

Kiosk

$10M02 May 2024 New York, New York, United States

Puffer Finance

Blockchain
Finance
$18M16 Apr 2024 -

Storm Labs

$3M09 Apr 2024 Austin, Texas, United States

Ellipsis Labs

$20M04 Apr 2024 New York, New York, United States
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