Electric Capital

Founded 2013
Founders Avichal Garg Curtis Spencer Maria Xinhe Shen

Overview

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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.
Total investments 24
Average round size
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The average size of a deal this fund participated in
$15M
Portfolio companies 11
Rounds per year 1.38
Lead investments 3
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.12

Areas of investment

  • Blockchain
  • Cryptocurrency
  • Financial Services
  • FinTech
  • Software
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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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

dYdX

Blockchain
Cryptocurrency
Finance
Financial Services
Internet
Late Stage Venture
65M15 Jun 2021 United States, San Francisco

Certora

Blockchain
Quality Assurance
Security
Early Stage Venture
7M21 May 2021 Israel, Tel Aviv-Yafo

Seed
3M29 Apr 2021

Seed
4M20 Apr 2021

Iron Fish

Blockchain
Cryptocurrency
Seed
5M06 Apr 2021 United States, San Francisco

CoinFlex

Bitcoin
FinTech
Trading Platform
1M19 Feb 2021 Seychelles, " Seychelles"}

20M10 Feb 2021

6M31 Jan 2021

Saddle Finance

Blockchain
Cryptocurrency
Seed
4M19 Jan 2021 United States, San Francisco
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. Read more

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