what's Electric Capital?
Electric Capital is a cryptocurrency asset management firm founded by technology entrepreneurs and investors with experience at companies like Facebook, Google, and Twitter. The firm focuses on early-stage investments in Web3 projects, providing capital in the form of equity or tokens to iconic founders building the infrastructure and applications of the decentralized web. They emphasize programmable money and novel blockchain technologies, having been active in crypto since 2013 with early bets on assets like Bitcoin, Ethereum, and Monero. In addition to investing, Electric Capital conducts and publishes in-depth research, such as their annual Developer Report, which analyzes open-source contributions across blockchain ecosystems by processing millions of code commits. This data-driven approach informs their investment decisions and supports the broader crypto community by highlighting trends in developer activity and project growth.
Electric Capital led seed round for @moremarketsxyz (NEAR spinout) building XRP yield, with $40M TVL.
Backs the Nitro Accelerator alongside Paradigm, Dragonfly, and Castle Island VC, providing $500k investments to all accepted teams on Day 1.
Led seed round for @moremarketsxyz, a NEAR Protocol spinout building XRP yield products, which reports 3.4K+ users and $40M TVL.
Electric Capital releases developer metrics report for January-September 2025, showing Ethereum added 16,181 new developers (ranking first among blockchains), followed by Solana with 11,534 and Bitcoin with 7,494. Ethereum leads in total active developers with 31,869, followed by Solana at 17,708 and Bitcoin at 11,036.
0xren_cf promoted to General Partner at Electric Capital after starting as an engineer at the firm.