Difference between revisions of "Multicoin Capital"
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== Basics == | == Basics == | ||
* ''"A thesis-driven cryptofund offering LPs venture capital economics with all the advantages of public market liquidity"'' | * ''"A [[thesis]]-driven cryptofund offering LPs venture capital economics with all the advantages of public market [[liquidity]]"'' | ||
* Location: Austin, Texas | * Location: Austin, Texas | ||
* Founded Date: 2017 | * Founded Date: 2017 | ||
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* [[AAVE]]; holds a [https://multicoin.capital/2020/11/24/the-defi-stack/?mc_cid=4ac674e100 position] (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). | * [[Algorand]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020). | ||
* [[Arweave]]; 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). | ||
*[[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. | * [[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). | * [[Bakkt]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020). | ||
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* [[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). | * [[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). | *[[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). | *[[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). | *[[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). | *[[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]]. [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."'' | "''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. | Is not on their [https://multicoin.capital/portfolio/ website]'s portfolio as of 25-11-2020. | ||
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*[[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). | *[[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). | *[[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 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): | * [[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."' | ''"''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/>''' | Has multiple connections with Solana through FTX and [[Audius]].'''<nowiki/>''' | ||
* [[Spring Network|Spring Labs]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020). | * [[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). | * [[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 other participants (10-12-2020). | * [[Swivel Finance|Swivel]]; [https://swivel.substack.com/p/swivel-finance-closes-115m-seed-round participated] in the S1.15M [[seed]] round, along many other participants (10-12-2020). | ||
* [[Tagomi]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020). | * [[Tagomi]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020). | ||
* [[Tari]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020). | * [[Tari]]; in their [https://multicoin.capital/portfolio/ portfolio] (25-11-2020). | ||
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=== Funding === | === 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): | * [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."'' | ''"[[Binance]] is joining the ranks of [[Ribbit Capital]], [[Union Square Ventures]] and [[Marc Andreessen]] as backers of Multicoin Capital."'' | ||
Revision as of 04:22, 21 March 2022
Basics
- "A thesis-driven cryptofund offering LPs venture capital economics with all the advantages of public market liquidity"
- Location: Austin, Texas
- Founded Date: 2017
- Number of Employees: 10-100
Investments
- 0x. Was 'long on 0x ' in 14-12-2017, and wrote this Analysis piece. Is not on their website's portfolio anymore as of 25-11-2020.
- AAVE; holds a position (25-11-2020).
- Algorand; in their portfolio (25-11-2020).
- Aptos; took part in their $200m strategic round (15-3-2022).
- Arweave; in their portfolio (25-11-2020).
- Audius. Led a second round in 2020.
- Bakkt; in their portfolio (25-11-2020).
- DFINITY; in their portfolio (25-11-2020).
- dForce. Was part of a $1.5M (14-4-2020) funding round for dForce (which got 99% of it's funds hacked, 19-4-2020).
- Dune Analytics; in their portfolio (25-11-2020). Participated once more in the $8M round (12-8-2021).
- Enso Finance; part of a $5M funding round (13-4-2021).
- Helium; in their portfolio (25-11-2020). Also part of a $111M token sale (11-8-2021).
- Filebase; part of a $2M seed funding (20-4-2021).
- Furucombo; one of the participants in a $1.85$ raise (7-1-2021).
- FTX. From Crypto Briefing (27-7-2020):
"FTX is building a DEX, 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 website's portfolio as of 25-11-2020.
- The Graph. Participated (7-2020) a $5M token sale for The Graph, together with Coinbase Ventures, DTC Capital, and others.
- KEEP; in their portfolio (25-11-2020).
- Livepeer; in their portfolio (25-11-2020).
- MathWallet. Invested $7.8M in MathWallet together with Alameda Research (12-10-2020).
- MobileCoin; in their portfolio (25-11-2020).
- NEAR; holds a position (25-11-2020).
- Nervos; in their portfolio (25-11-2020).
- Oxygen; part of a $40M raise (24-2-2021).
- Perpetual Protocol; holds a position (25-11-2020).
- Saffron Finance; is mentioned as a strategic partner (8-3-2021).
- Skale. Is on the list of supporters of Skale (31-7-2020).
- Solana, on 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 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 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.
- Spring Labs; in their portfolio (25-11-2020).
- StarkWare; holds a position (25-11-2020).
- Swivel; participated in the S1.15M seed round, along many other participants (10-12-2020).
- Tagomi; in their portfolio (25-11-2020).
- Tari; in their portfolio (25-11-2020).
- Textile; in their portfolio (25-11-2020).
- THORChain; "RUNE represents one of our largest public positions." (3-2021).
- Torus; in their portfolio (25-11-2020).
- Worldcoin; one of the 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
Funding
"Binance is joining the ranks of Ribbit Capital, Union Square Ventures and Marc Andreessen as backers of Multicoin Capital."
Partners
Mentioned (13-7-2021) as part of the Investor Network of Asia DeFi Network (ADN).
