Difference between revisions of "Multicoin Capital"

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== Basics ==
[[Category:Companies/Organisations]]
* ''"A [[thesis]]-driven cryptofund offering LPs venture capital economics with all the advantages of public market [[liquidity]]"''
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* Location: Austin, Texas
* Founded Date: 2017
* In a short [https://twitter.com/Blockanalia/status/1533070217122746373?t=4TJBUu2JGt2t-bIWaI4a5Q&s=19 thread] about VCs and dumping, this fund was a slow dumper (4-6-2022):
''"They have yet to transfer the May unlock to an exchange, but the December and March unlocks ended up on [[Binance]] within a few days."''


== Investments ==
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* [[0x]]. Was 'long on 0x ' in 14-12-2017, and wrote [https://multicoin.capital/2017/12/14/0x-zrx-analysis-valuation/ this Analysis piece]. Is not on their [https://multicoin.capital/portfolio/ website]'s portfolio anymore as of 25-11-2020.
* [[AAVE]]; holds a [https://multicoin.capital/2020/11/24/the-defi-stack/?mc_cid=4ac674e100 position] (25-11-2020).
* [[Algorand]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
* [[Aptos]]; took part in their [https://medium.com/aptoslabs/expanding-the-aptos-community-38c5b18a84b7 $200m] strategic round (15-3-2022). Also part of next round of [https://www.coindesk.com/business/2022/07/25/aptos-labs-raises-150m-to-revive-diem-in-ftx-ventures-led-funding-round/?s=35 $150M] (26-7-2022).
*[[Arweave]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
* [[Audius]]. Led a [https://www.coindesk.com/audius-rallies-edm-artists-crypto-vcs-to-back-vision-for-music-payments-on-ethereum second round] in 2020.
* [[Bakkt]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
* [[Dfinity (ICP)|DFINITY]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
* [[dForce]]. Was [https://www.coindesk.com/chinese-defi-platform-dforce-raises-1-5m-from-multicoin-huobi-capital part of a $1.5M] (14-4-2020) funding round for dForce (which got 99% of it's [https://www.theblockcrypto.com/linked/62346/multicoin-capital-backed-defi-protocol-dforce-loses-25m-total-locked-value-in-an-exploit?utm_source=rss&utm_medium=rss funds hacked], 19-4-2020).
* [[Dune Analytics]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020). Participated once more in the [https://decrypt.co/78321/ethereum-data-firm-dune-analytics-raises-8m?utm_source=telegram&utm_medium=social&utm_campaign=smt $8M round] (12-8-2021).
*[[Enso Finance]]; part of a [https://cryptobriefing.com/enso-finance-raises-5m-to-build-social-trading-platform/ $5M] funding round (13-4-2021).
*[[Helium]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020). Also part of a [https://twitter.com/TheBlock__/status/1425255811731894278 $111M] [[token]] sale (11-8-2021).
*[[Filebase]]; part of a [https://filebase.com/blog/announcing-our-2m-seed-round/ $2M seed funding] (20-4-2021).
*[[Furucombo (COMBO)|Furucombo]]; one of the [https://www.theblockcrypto.com/linked/90366/defi-aggregator-furucombo-1-85-million-seed-round participants] in a $1.85$ raise (7-1-2021).
*[[FTX]]. [https://cryptobriefing.com/ftx-bets-solana-ethereum-decentralized-exchange/ From] [[Crypto Briefing]] (27-7-2020):
 
"''FTX is building a [[DEX]], [[Serum (SRM)|Serum]], on the Solana [[blockchain]] with the help of partners like [[Kyber Network]] and Multicoin Capital. [[Serum]] is [[cross-chain]] comptaible, giving it access to liquidity on [[DeFi]] [[dApps]] on [[Ethereum]]. The DEX will run on a central limit orderbook, but will still operate in a [[trustless]] manner."''
 
Is not on their [https://multicoin.capital/portfolio/ website]'s portfolio as of 25-11-2020.
* [[The Graph]]. [https://defirate.com/the-graph-tokensale/ Participated] (7-2020) a $5M token sale for The Graph, together with [[Coinbase Ventures]], [[DTC Capital]], and others.
* [[Keep3r Network (KPR)|KEEP]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
* [[LayerZero (Project)|LayerZero]]; part of their [https://www.coindesk.com/business/2022/03/30/a16z-ftx-and-sequoia-lead-155m-round-for-layerzero-at-1b-valuation/ first Series A round] of $6M in 9-2021.
*[[Livepeer (LPT)|Livepeer]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
* [[MathWallet]]. [https://twitter.com/MathWallet/status/1315565911856816128?s=09 Invested] $7.8M in MathWallet together with [[Alameda Research]] (12-10-2020).
* [[MobileCoin]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
* [[NEAR]]; holds a [https://multicoin.capital/2020/11/24/the-defi-stack/?mc_cid=4ac674e100 position] (25-11-2020).
* [[Nervos Network (CKB)|Nervos]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
*[[Oxygen]]; part of a [https://www.coindesk.com/alameda-research-oxygen-defi-prime-brokerage-oxy $40M] raise (24-2-2021).
*[[Perpetual Protocol (PERP)|Perpetual Protocol]]; holds a [https://multicoin.capital/2020/11/24/the-defi-stack/?mc_cid=4ac674e100 position] (25-11-2020).
*[[Saffron Finance]]; is [https://medium.com/saffron-finance/new-partners-join-saffron-finance-ecosystem-as-billions-in-yield-generating-assets-migrate-from-27059982f997 mentioned] as a strategic partner (8-3-2021).
*[[Skale (SKL)|Skale]]. Is on the [https://skale.network/ list of supporters] of Skale (31-7-2020).
* [[Solana]], on [https://solana.com/solana-completes-20-million-raise-led-by-multicoin-capital/ why]: ''"Solana is the closest thing to the ‘world computer’ blockchain developers conceptualized in the early days of crypto,” explains Kyle Samani, Cofounder and Managing Partner of Multicoin Capital. “While [[MANY|many]] developers have proposed [[sharding]] solutions for scaling existing [[layer 1]] solutions, all of those solutions introduce a tremendous amount of complexity and create new user experience problems. Solana has done it differently — and is one of the most compelling layer 1 platforms we’ve evaluated to date. We’re very proud to lead this round, and we encourage developers everywhere to take a serious look at Solana.” ''And [https://www.coindesk.com/solana-blockchain-adds-korean-stablecoin-terra-for-better-payments according] to [[CoinDesk]] (15-4-2020):
''"''Though its [[white paper]] came out in 2017, it only went live late last year, following a Series A round led by Multicoin Capital in July 2019. Solana has since been looking for partnerships to expand its reach."'
 
Has multiple connections with Solana through FTX and [[Audius]].'''<nowiki/>'''
* [[Spring Network|Spring Labs]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
* [[StarkWare]]; holds a [https://multicoin.capital/2020/11/24/the-defi-stack/?mc_cid=4ac674e100 position] (25-11-2020).
* [[Swivel Finance|Swivel]]; [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round participated] in the S1.15M [[seed]] round, along [[MANY|many]] other participants (10-12-2020).
* [[Tagomi]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
* [[Tari]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
* [[Textile]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
*[[THORChain (RUNE)|THORChain]]; ''"RUNE represents one of our largest public positions."'' ([https://assets.ctfassets.net/qtbqvna1l0yq/5WqbfijNKHtIuEX4a8siDA/4569e7b081c73c7de21e7b14ee87c763/THORChain_Analysis.pdf 3-2021]).
*[[TokenTerminal]]; they mention this as one of their 'community members' ([https://tokenterminal.com/ 1-8-2022]), however, due to the nature of the ones named, we can assume these are investors.
*[[Torus]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020).
*[[Worldcoin]]; one of the [https://twitter.com/zachxbt/status/1452033929033224201/photo/1 many VCs] who participated in this controversial project (24-10-2021).
 
== Team, Funding, etc. ==
 
=== Team ===
* [[Kyle Samani]]; co-founder and Managing Partner
* [[Vinny Lingham]];
* [[Tushar Jain]]; Managing Partner[[Category:Companies/Organisations]]
*Number of Employees: 10-100
 
=== Funding ===
 
* [https://finance.yahoo.com/news/binance-becomes-limited-partner-multicoin-145044051.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAGCuhIYWw0nAlVp2-jLY4WRNcbG9nI4QxmPEQuQpvD2A0In9mHkQ2slTd2teUj1_jkxpjlwxsoslvhp6IeNIrm From] [[Yahoo]] (2-3-2021):
 
''"[[Binance]] is joining the ranks of [[Ribbit Capital]], [[Union Square Ventures]] and [[Marc Andreessen]] as backers of Multicoin Capital."''
 
=== Partners ===
[https://www.asiadefi.network/ Mentioned] (13-7-2021) as part of the Investor Network of [[Asia DeFi Network (ADN)]].

Revision as of 16:35, 1 October 2022

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