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
- 2022fundraiseClosed third fund at $1 billion to back crypto networks, Web3 protocols, and blockchain-enabled businesses. electriccapital.com
- 2020fundraiseClosed second fund at $110M focused on Seed and Series A investments in cryptonetworks and blockchain-enabled businesses. electriccapital.com
- 2023investmentParticipated in Axelar Foundation's strategic AXL token investment round, which exceeded $30M total across multiple crypto funds. zoominfo.com
- 2023investmentInvested in Hyperbeat's $5.2M Seed funding round. zoominfo.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Avichal Garg · Co-Founder & General Partner
- Thuan Le · Partner
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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