Seed-stage VC, US

Electric Capital

Venture capital firm · Palo Alto · Founded 2018

Quick read

Electric Capital is an early-stage VC firm founded in Palo Alto, US, focused on crypto, blockchain, fintech, and marketplaces. The team is built from former operators at Facebook, Google, and Twitter who previously founded six companies (five acquired) and invested in 100+ startups. The firm manages over $1B across multiple funds and is known for its annual Developer Report tracking open-source activity across crypto ecosystems.

Key facts

Founded
2018
Founders
Avichal Garg, Curtis Spencer
Employees
11-50
Sectors
crypto, fintech, marketplace
Website
www.electriccapital.com

Investment thesis

Electric Capital backs early-stage founders building crypto networks, Web3 protocols, and blockchain-enabled businesses, applying deep expertise in cryptography, token economics, and distributed systems. The firm typically enters at Seed or Series A and supports founders from idea through launch and scale.

Recent activity

  • Apr 2026investment
    Electric Capital has made 6 new investments in the last 12 months, bringing its total portfolio to 103 companies. Most recently it participated in a Seed round for Legend Trade. tracxn.com
  • 2024leadership
    Electric Capital announced three new advisors to help web3 founders scale to 1 billion users: Jay Clayton (ex-SEC Chair), Kevin Warsh (ex-Fed Governor), and Pratiti Raychoudhury (Meta's Head of UX). x.com
  • Feb 2024press
    Electric Capital co-hosted an RWA Happy Hour event with Re on February 29, 2024, focused on tokenizing reinsurance policies and real-world assets on-chain. x.com
  • Jul 2026investment
    Electric Capital made its latest recorded investment on 6 Jul 2026, backing ChronicleBio, a drug discovery company. pitchbook.com
  • Apr 2026investment
    Electric Capital and Paradigm co-led a $40 million investment into Etherealize, an institutional Ethereum advocacy group. theblock.co
  • Mar 2026press
    Electric Capital Partners filed its latest Form ADV with the SEC on 31 Mar 2026, disclosing $2.877 billion in regulatory assets under management as of 31 Dec 2025. The filing covers the firm and its relying advisers Electric Treasury Edge and ECP S24. radientanalytics.com
  • 2026press
    Electric Capital published a 2026 investment thesis identifying 26 opportunities in user-owned technology, with planned check sizes ranging from $10 million to $200 million. Authors include Avichal Garg, Curtis Spencer, Ken Deeter, Maria Shen, and Ren. kucoin.com
  • 2026investment
    Electric Capital led a $3.5 million seed round for Legend Trade, a crypto trading platform, with participation from Amber Group and GSR, bringing Legend's total raised to over $5 million. x.com
  • Apr 2026press
    Tracxn reports Electric Capital has made 6 new investments in the last 12 months, bringing its total portfolio to 103 companies, including 8 unicorns, 3 IPOs, and 11 acquisitions. tracxn.com
  • Jun 2026press
    Electric Capital amplified the launch of Nitro, a new project accelerator offering funding and mentorship to early-stage crypto startups. The firm's signal boost drew notable community attention on social media. coinfomania.com
  • Feb 2026press
    Electric Capital commented publicly on the legal frontier created by crypto wallets for AI agents, as covered by CoinDesk. tracxn.com
  • Jan 2026leadership
    Ren Crypto Fish was promoted to General Partner at Electric Capital. The firm described the appointment as consistent with its engineering-led investment approach; Ren will continue writing code alongside investment responsibilities. electriccapital.com

Notable investments

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

Sources

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Frequently asked

What is Electric Capital?+

Electric Capital is an early-stage VC firm founded in Palo Alto, US, focused on crypto, blockchain, fintech, and marketplaces. The team is built from former operators at Facebook, Google, and Twitter who previously founded six companies (five acquired) and invested in 100+ startups.

Where is Electric Capital headquartered?+

Electric Capital is headquartered in Palo Alto, United States.

When was Electric Capital founded?+

Electric Capital was founded in 2018 by Avichal Garg, Curtis Spencer.

What sectors does Electric Capital invest in?+

Electric Capital focuses on crypto, fintech, marketplace. They primarily invest in these sectors.

How do I prepare for a meeting with Electric Capital?+

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Generated by briefthecall.com from public web sources. Last updated August 21, 2026. Each claim is linked to its source above.

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