Electric Capital is an engineering-led, early-stage venture firm based in Palo Alto, California. Founded in 2018, the firm invests in builders of frontier technologies including AI, cryptography, distributed systems, and Web3 protocols, from pre-seed through Series A.
38% of their portfolio is in Crypto & Web3. Average disclosed round size is $23.3M (across 59 rounds with reported amounts).
Portfolio
57
Fund Size
$1B
Top Stage
Seed
Last 12 Mo
3
Team
Avichal Garg
General Partner, Co-founder
Maria Shen
General Partner
Ren CF
General Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
64 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Squads | Unknown | $18M | Apr 2026 |
| VV12 | Seed | $10M | Jan 2026 |
 Aven | Series E | — | Sep 2025 |
 Etherealize | Series B | $40M | Sep 2025 |
 Hyperbeat | Seed | $5.2M | Aug 2025 |
 Walrus | Growth | $140M | Mar 2025 |
| AAxelar Foundation | Unknown | $30M | Mar 2025 |
 Unto Labs | Seed | $14.4M | Jan 2025 |
 Bitwise | Unknown | $70M | Jan 2025 |
 InfiniFi | Unknown | $3M | Jan 2025 |
 Bluenote | Series A | $10M | Dec 2024 |
 HealthEx | Seed | $14M | Oct 2024 |
 Layer3 | Series A | $15M | Jun 2024 |
 Fordefi | Unknown | $10M | Jan 2024 |
| WWasabi Protocol | Seed | $3M | Jan 2024 |
| LLlama | Seed | $6M | Nov 2023 |
 Membrane Labs | Series A | $20M | Oct 2023 |
| MMembrane Labs, Inc. | Series A | $20M | Oct 2023 |
| YYoz | Unknown | $3.5M | Jan 2023 |
| YYoz Labs | Unknown | $3.5M | Jan 2023 |
| Fordefi | Seed | $18M | Nov 2022 |
| LLasso Labs | Unknown | $4.2M | Oct 2022 |
 Immunefi | Series A | $24M | Sep 2022 |
 Hashflow | Series A | $25M | Jul 2022 |
 Magic Eden | Series B | $130M | Jun 2022 |
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Top Co-Investors
Coinbase Ventures12 shared
Framework Ventures9 shared
Jump Crypto6 shared
Paradigm5 shared
Polychain Capital5 shared
General Catalyst4 shared
Solana Ventures4 shared
North Island Ventures4 shared
Dragonfly4 shared
Collab+Currency4 shared
Franklin Templeton4 shared
Circle Ventures4 shared
Greylock Partners3 shared
Lightspeed Venture Partners3 shared
Khosla Ventures3 shared
Founders Fund3 shared
Polygon Ventures3 shared
Y Combinator3 shared
Ribbit Capital3 shared
ParaFi Capital3 shared
Last updated: 8 September 2026