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Private equityFirmcandidate pe · candidatemiddle market

Multicoin Capital Management, LLC

Private Equity

Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies reshaping trillion-dollar markets.

This is the graph view. The full profile, with its team, deals and sources, is on Private Equity.Open the full profile →

Search this name across graphsid dfx:pe:8185ab46-3e5c-4894-a78f-6f27da1938ce

Data as of Sep 15, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 21, 2026, 9:42 AM UTC and rebuilt at most every 15 minutes.

Relationships: 18
Dated events: 12
On other graphs: 3
Observed: Sep 13, 2026 to Sep 15, 2026
32 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Venture Capitalidentity

Multicoin Capital Management, LLC

Venture manager · shared crd

Independent Sponsorsidentity

Multicoin Capital Management, LLC

Capital provider to sponsors · shared crd

RIA / Wealth Managementidentity

MULTICOIN CAPITAL MANAGEMENT, LLC

Registered adviser · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Funds: 6
PE funds: 6
Vintages: 2019 to 2024
PE GAV, 2024 filing: $2.0Bgross asset value on Form ADV; never dry powder
Regulatory AUM: $3.8B
Investments: 4
Active investments: 4
Size band: MIDDLE MARKETderivedproxy: $2.02bn Private Equity Fund GAV on the Form ADV filed 2024-05-29
Stated sectors: technology,infrastructure,consumer
Latest ADV filing: May 29, 2024
Employees (ADV): 22
Website: multicoin.capital

Funds

Fund	Vintage	Lifecycle	ADV type	Form D sold	GAV
Multicoin Private Fund V, LP	2024	Unknown	Private Equity Fund	n/a	$525M
Multicoin Venture Fund III, LP	2023	Early deployment	Private Equity Fund	n/a	$631M
Multicoin Venture Fund II, LP	2021	Active deployment	Private Equity Fund	n/a	$764M
Multicoin Hnt I, LP	2021	Unknown	Private Equity Fund	n/a	$65,769
Multicoin Private Fund III (offshore), LP	2021	Unknown	Private Equity Fund	n/a	$201,127
Multicoin Opportunities Fund I, L.P.	2019	Active deployment	Private Equity Fund	n/a	$96.2M

Investments

Company	State	Role	Control	Invested	Exited	Status
Hyfix	n/a	minority	minority	Apr 15, 2026	n/a	active
Novig	n/a	minority	minority	Feb 18, 2026	n/a	active
LI.FI	n/a	minority	minority	Dec 11, 2025	n/a	active
Crunch Lab	n/a	minority	minority	Oct 7, 2025	n/a	active

Relationships

Invested in (4)

→ HYFIXCompanyminority
Apr 15, 2026 to presentfactDFX's own graph
→ LI.FICompanyminority
Dec 11, 2025 to presentfactDFX's own graph
→ Crunch LabCompanyminority
Oct 7, 2025 to presentfactDFX's own graph
→ NovigCompanyminority
Feb 18, 2026 to presentfactDFX's own graph

Employs (7)

→ Brian SmithPersonCfo, Coo, And Member - Multicoin Capital Management, Llc
Sep 1, 2017 to presentfactForm ADV
→ Greg Elias XethalisPersonGeneral Counsel And Member - Multicoin Capital Management, Llc
Jul 1, 2021 to presentfactForm ADV
→ Daniel Alejandro LeonardoPersonChief Compliance Officer And Deputy General Counsel
Sep 1, 2023 to presentfactForm ADV
→ Tushar JainPersonManager
May 1, 2017 to presentfactForm ADV
→ Pyahm "kyle" SamaniPersonManager
May 1, 2017 to presentfactForm ADV
→ David JohnstonPersonMember - Multicoin Capital Management, Llc
May 1, 2017 to Mar 31, 2021inferenceForm ADV
→ David O. SacksPersonMember
Sep 1, 2017 to Mar 28, 2019inferenceForm ADV

Manages (6)

→ Multicoin Private Fund V, LPFundPrivate Equity Fund
May 29, 2024 to presentfactForm ADV
→ Multicoin Private Fund III (offshore), LPFundPrivate Equity Fund
Jun 29, 2021 to presentfactForm ADV
→ Multicoin Venture Fund III, LPFundPrivate Equity Fund
Mar 31, 2023 to presentfactForm ADV
→ Multicoin Opportunities Fund I, L.P.FundPrivate Equity Fund
Mar 28, 2019 to presentfactForm ADV
→ Multicoin Venture Fund II, LPFundPrivate Equity Fund
Mar 31, 2021 to presentfactForm ADV
→ Multicoin Hnt I, LPFundPrivate Equity Fund
Jun 29, 2021 to presentfactForm ADV

Owns (1)

← Multicoin Capital GP, LLCFirmMember - Multicoin Capital Fund Gp I, Llc, Multicoin Opportunities Fund Gp I, Llc And Multicoin Venture Fund Ii Gp, Llc
May 1, 2018 to presentfactForm ADV

Dated events

7 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Sep 1, 2023
Person joined
Daniel Alejandro Leonardo joined Schedule A of Multicoin Capital Management, LLC as Chief Compliance Officer And Deputy General Counsel
Form ADVobserved 7 days ago
Occurred
Jul 1, 2021
Person joined
Greg Elias Xethalis joined Schedule A of Multicoin Capital Management, LLC as General Counsel And Chief Compliance Officer - Multicoin Capital Management, Llc
Form ADVobserved 7 days ago
Occurred
Mar 31, 2021
Person left
David Johnston (Member - Multicoin Capital Management, Llc) no longer on Schedule A of Multicoin Capital Management, LLC
Form ADVobserved 7 days ago
Occurred
Mar 28, 2019
Person left
David O. Sacks (Member) no longer on Schedule A of Multicoin Capital Management, LLC
Form ADVobserved 7 days ago
Occurred
May 18, 2018
Adviser first adv filing
Multicoin Capital Management, LLC first filed Form ADV in the extract (ERA)
Form ADVobserved 7 days ago

Show 7 bookkeeping events

Occurred
Mar 7, 2026
Multicoin Capital Management, LLC: Private Equity Funds on Form ADV 6 (2024 extract) -> 4 (roster 2026-09-01)
Occurred
May 29, 2024
Multicoin Private Fund V, LP first reported on Form ADV by Multicoin Capital Management, LLC (Private Equity Fund), GAV $524,945,957
Occurred
Mar 31, 2023
Multicoin Venture Fund III, LP first reported on Form ADV by Multicoin Capital Management, LLC (Private Equity Fund), GAV $428,933,420
Occurred
Jun 29, 2021
Multicoin Hnt I, LP first reported on Form ADV by Multicoin Capital Management, LLC (Private Equity Fund), GAV $4,000,000
Occurred
Jun 29, 2021
Multicoin Private Fund III (offshore), LP first reported on Form ADV by Multicoin Capital Management, LLC (Private Equity Fund), GAV $36,125,000
Occurred
Mar 31, 2021
Multicoin Venture Fund II, LP first reported on Form ADV by Multicoin Capital Management, LLC (Private Equity Fund), GAV $63,686,632
Occurred
Mar 28, 2019
Multicoin Opportunities Fund I, L.P. first reported on Form ADV by Multicoin Capital Management, LLC (Private Equity Fund), GAV $17,565,177

Who to call

the organisation, the role and the published line, with the filing or website that published it; revealed to signed-in accounts

The firm's published line

Revealable: 1 business phone (Form ADV), 1 website (Form ADV) · as of 2026-09-13

Also named here, with no published line of their own (reach them through the firm): Brian Smith (Cfo, Coo, And Member - Multicoin Capital Management, Llc), Greg Elias Xethalis (General Counsel And Member - Multicoin Capital Management, Llc), Daniel Alejandro Leonardo (Chief Compliance Officer And Deputy General Counsel), Tushar Jain (Manager), Pyahm "kyle" Samani (Manager).

Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan

Provenance

Graph: Private Equity
Canonical id: dfx:pe:8185ab46-3e5c-4894-a78f-6f27da1938ce
First observed: Sep 13, 2026
Last observed: Sep 15, 2026 5 days ago
Source families: Federal regulator filings, Firm and issuer disclosures
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

Multicoin Capital Management, LLC

Private Equity

Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies reshaping trillion-dollar markets.

This is the graph view. The full profile, with its team, deals and sources, is on Private Equity.Open the full profile →

Search this name across graphsid dfx:pe:8185ab46-3e5c-4894-a78f-6f27da1938ce

Data as of Sep 15, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 21, 2026, 9:42 AM UTC and rebuilt at most every 15 minutes.

Fund

Vintage

Lifecycle

ADV type

Form D sold

GAV

LPs

Multicoin Private Fund V, LP

2024

Unknown

Private Equity Fund

n/a

$525M

Multicoin Venture Fund III, LP

2023

Early deployment

Private Equity Fund

n/a

$631M

Multicoin Venture Fund II, LP

2021

Active deployment

Private Equity Fund

n/a

$764M

Multicoin Hnt I, LP

2021

Unknown

Private Equity Fund

n/a

$65,769

Multicoin Private Fund III (offshore), LP

2021

Unknown

Private Equity Fund

n/a

$201,127

Multicoin Opportunities Fund I, L.P.

2019

Active deployment

Private Equity Fund

n/a

$96.2M

Company

State

Role

Control

Invested

Exited

Status

Hyfix

n/a

minority

Apr 15, 2026

n/a

active

Novig

n/a

minority

Feb 18, 2026

n/a

active

LI.FI

n/a

minority

Dec 11, 2025

n/a

active

Crunch Lab

n/a

minority

Oct 7, 2025

n/a

active