DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Firms / M•••••••• C•••••• M••••••••• L••
M•••••••• C•••••• M••••••••• L••
M•••••••• Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies reshaping trillion-dollar markets.
registered adviser; venture funds are 29% of 10 private funds
Importance
37
elevated
Active deployment
15
moderate
Emerging
0
low
Completeness
81
high
Freshness
99
high
Research priority
7
low
Identity and regulatory footprint
- Headquarters
- Austin, TXadviserinfo.sec.gov
- Office address
- 2500 WALSH TARLTON LANE, STE 1326, Austin, TX, 78746adviserinfo.sec.gov
- Business phone
- 512-774-4000adviserinfo.sec.gov
- Website
- m••••••••.capital
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 7, 2026
- Private funds reported
- 10 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $2.7Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $2.7Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 22
- Owners on Schedule A
- M•••••••• C•••••• G•• L•• (Member - M•••••••• Capital Fund Gp I, Llc, M•••••••• O••••••••• Fund Gp I, Llc And M•••••••• Venture Fund Ii Gp, Llc), E
- business email
- hello@multicoin.capitalmulticoin.capitalpublished by the subject
- business email
- legal@multicoin.capitalmulticoin.capitalpublished by the subject
- business phone
- 512-774-4000adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
4 observed deals
Stated (the firm’s website)
- Sectors
- fintech, crypto
- Stages
- early
- Geography
- global
- Check size
- $1.0M to $50.0M stated by the firm
- Self-described
- venture capital
“This fund backs early-stage companies and founders with investments ranging from $1M-$50M.”
Observed (from deals on record)
Stage at participation
seed 33%series a 33%series b 33%
Stage at first entry
seed 33%series a 33%series b 33%
Sectors
unknown 100%
lead rate 25%follow-on rate 0%new logos, 12 months 4
Funds and vehicles
6 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| M•••••••• V•••••• F••• I•• L• | Fund · ADV: P•••••• Equity Fund | 2021 adv first reported | Mature | $764M May 29, 2024 | 198 | $0 | Nov 20, 2020 |
| M•••••••• P•••••• F••• I•• L• | Fund | 2021 adv first reported | Mature | $12 May 29, 2024 | 44 | unknown | unknown |
| M•••••••• P•••••• F••• I•• L• | Fund | 2020 adv first reported | Mature | $54.6M May 29, 2024 | 14 | unknown | unknown |
| M•••••••• P•••••• F••• I• L• | Fund | 2020 adv first reported | Mature | $48.3M May 29, 2024 | 7 | unknown | unknown |
| M•••••••• P•••••• F••• I• ••••••••• L• | Feeder or parallel | 2020 adv first reported | Mature | $11.5M May 29, 2024 | 9 | unknown | unknown |
| M•••••••• O••••••••• F••• I• L••• | Opportunity fund · ADV: P•••••• Equity Fund | 2018 form d first sale | Harvest | $96.2M May 29, 2024 | 50 | $12.8M | Aug 16, 2018 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
7 current, 2 departed
P•••• ••••• S•••••
PartnerManager · since May 1, 2017
S•••••• A••••••••
PartnerInvestment Partner
S•••••• A••••••••
PartnerInvestment Partner
T••••• J•••
PartnerManager · since May 1, 2017
B•••• S••••
Platform and operationsCfo, Coo, And Member - M•••••••• C•••••• M••••••••• L•• · since Sep 1, 2017
D••••• A•••••••• L•••••••
Platform and operationsChief Compliance Officer And Deputy General Counsel · since Sep 1, 2023
G••• E•••• X•••••••
Platform and operationsGeneral Counsel And Member - M•••••••• C•••••• M••••••••• L•• · since Jul 1, 2021
2 departed (kept with end dates)
- D•••• J••••••• · Member - M•••••••• C•••••• M••••••••• L•• · May 1, 2017 to Mar 31, 2021 Inference
- D•••• O• S•••• · Member · Sep 1, 2017 to Mar 28, 2019 Inference
Investments on record
4 edges, 4 companies, 1 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| H•••• | Seed Round · Seed | participant | unknown | $15.0M | unknown | Apr 15, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| N•••• | Series B · Series B | participant | unknown | $75.0M | unknown | Feb 18, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| L•••• | Series A Extension · Series A | lead | S•••••• A•••••••• (confirmed) | $29.0M | unknown | Dec 11, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| C••••• L•• | Funding round | participant | unknown | $5.0M | unknown | Oct 7, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
11 relationships from shared deals, counted for the whole firm
Craft Ventures Management LP 1 shared · one time · they led 1Finality Capital 1 shared · one timeCatapult Ventures 1 shared · one timePantera 1 shared · one time · they led 1Perceptive Ventures 1 shared · one timeEdge Equity 1 shared · one timeMakers Fund 1 shared · one timeCoinfund Management LLC 1 shared · one time · they led 1 · we led 1Road Capital Management LP 1 shared · one time · they led 1Galaxy Ventures 1 shared · one time · they led 1VanEck 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
11 dated events
- Sep 1, 2023D••••• A•••••••• L••••••• joined Schedule A of M•••••••• C•••••• M••••••••• L•• as Chief Compliance Officer And Deputy General Counsel
- Jul 1, 2021G••• E•••• X••••••• joined Schedule A of M•••••••• C•••••• M••••••••• L•• as General Counsel And Chief Compliance Officer - M•••••••• C•••••• M••••••••• L••
- Jun 29, 2021M•••••••• P•••••• F••• I•• L• first reported on Form ADV by M•••••••• C•••••• M••••••••• L•• (Venture Capital Fund), GAV $22,750,000Fund first reported on Form ADVFundsFactM•••••••• P•••••• F••• I•• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021M•••••••• V•••••• F••• I•• L• first reported on Form ADV by M•••••••• C•••••• M••••••••• L•• (P•••••• Equity Fund), GAV $63,686,632Fund first reported on Form ADVFundsFactM•••••••• V•••••• F••• I•• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021D•••• J••••••• (Member - M•••••••• C•••••• M••••••••• L••) no longer on Schedule A of M•••••••• C•••••• M••••••••• L••
- Mar 30, 2020M•••••••• P•••••• F••• I• L• first reported on Form ADV by M•••••••• C•••••• M••••••••• L•• (Venture Capital Fund), GAV $1,073,073Fund first reported on Form ADVFundsFactM•••••••• P•••••• F••• I• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020M•••••••• P•••••• F••• I•• L• first reported on Form ADV by M•••••••• C•••••• M••••••••• L•• (Venture Capital Fund), GAV $5,948,000Fund first reported on Form ADVFundsFactM•••••••• P•••••• F••• I•• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020M•••••••• P•••••• F••• I• ••••••••• L• first reported on Form ADV by M•••••••• C•••••• M••••••••• L•• (Venture Capital Fund), GAV $1,275,000Fund first reported on Form ADVFundsFactM•••••••• P•••••• F••• I• ••••••••• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2019D•••• O• S•••• (Member) no longer on Schedule A of M•••••••• C•••••• M••••••••• L••
- Mar 28, 2019M•••••••• O••••••••• F••• I• L••• first reported on Form ADV by M•••••••• C•••••• M••••••••• L•• (P•••••• Equity Fund), GAV $17,565,177Fund first reported on Form ADVFundsFactM•••••••• O••••••••• F••• I• L•••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 18, 2018M•••••••• C•••••• M••••••••• L•• first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 29% of 10 private funds
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 29% of 11 private funds
Evidence
62 observations from 3 sources