English
RussianElectric Capital is a venture capital firm that focuses on investments in blockchain and cryptocurrency-related projects and companies. Founded by Avichal Garg and Curtis Spencer, Electric Capital is known for its active involvement in the cryptocurrency space and its support for innovative blockchain technologies.
Investors Electric Capital
Electric Capital
Tier 1Lead investor
Projects
71
Portfolio market cap
$13.46B
sum across all projects
Raised in these rounds
$3.05B
86 of 88 rounds with disclosed amounts
Tier
Tier 1
Lead investor
About the fund
Portfolio · 71
| Project | Price | Entry price | ROI | Stage | Date | Market cap | |
|---|---|---|---|---|---|---|---|
 NEAR ProtocolNEAR | $5.01 | $0.0894 | 56x | — | — | $6.55B | |
 SuiSUI | $1.24 | $0.0450 | 27x | Series A | $5.09B | ||
 MonadMON | $0.0344 | $0.0250 | 1.4x | ICO | $406.9M | ||
 EigenCloud (prev. EigenLayer)EIGEN | $0.2599 | — | — | — | — | $251.8M | |
 Mina ProtocolMINA | $0.1612 | $0.1567 | 1.0x | — | — | $207.5M | |
 MultiversXEGLD | $4.51 | $0.5000 | 9.0x | Private Sale | $139.3M | ||
 dYdXDYDX | $0.1482 | — | — | — | — | $125.4M | |
 WalrusWAL | $0.0362 | — | — | — | — | $94.7M | |
 Re ProtocolRE | $0.5088 | — | — | — | — | $81.2M | |
 OasisROSE | $0.008445 | $0.0200 | 0.42x | Backers | $67.9M | ||
 AxelarAXL | $0.0530 | $0.4137 | 0.13x | — | — | $66.1M | |
 CeloCELO | $0.1061 | $0.5900 | 0.18x | — | — | $64.6M | |
 EspressoESP | $0.1051 | — | — | — | — | $54.7M | |
 AuroraAURORA | $0.0640 | $0.1300 | 0.49x | Private Round | $47.4M | ||
 Magic EdenME | $0.0776 | — | — | — | — | $46.2M | |
 AnomaXAN | $0.0123 | — | — | — | — | $30.9M | |
 Frax (prev. FXS)FRAX | $0.2977 | — | — | — | — | $27.9M | |
 GitcoinGTC | $0.2251 | — | — | — | — | $19.7M | |
 RadworksRAD | $0.2630 | $0.6000 | 0.44x | — | — | $15.5M | |
 MarlinPOND | $0.001758 | $0.00174419 | 1.0x | — | — | $14.6M | |
 PufferPUFFER | $0.0234 | — | — | — | — | $12.9M | |
 INFINITIN | $0.0370 | — | — | — | — | $12.8M | |
 HashflowHFT | $0.007046 | $0.2100 | 0.03x | — | — | $6.6M | |
 Iron FishIRON | $0.0749 | $4.53 | 0.02x | — | — | $5.7M | |
 Auto FinanceTOKE | $0.0513 | $0.2352 | 0.22x | — | — | $4.7M | |
 Layer3L3 | $0.002924 | — | — | — | — | $4.6M | |
 SyndicateSYND | $0.007181 | — | — | — | — | $3.4M | |
 SWEATSWEAT | $0.000295 | $0.0143 | 0.02x | — | — | $2.5M | |
 ImmunefiIMU | $0.00196 | $0.0118 | 0.17x | — | — | $2.1M | |
 DerivaDAODDX | $0.0502 | $0.1760 | 0.29x | — | — | $1.3M | |
 ThunderCoreTT | $0.00008801 | $0.0433 | 0.00x | — | — | $1.3M | |
 Zeta MarketsZEX | $0.0009966 | — | — | — | — | $187.1K | |
 TrisolarisTRI | $0.0001374 | — | — | — | — | $52.0K | |
 SpacemeshSMH | $0.000249 | — | — | — | — | $26.2K | |
 Taker ProtocolTAKER | — | — | — | — | — | $13.4K | |
 Omnity Convertible TokenOCT | $0.00007456 | $0.2000 | 0.00x | — | — | $7.5K | |
 VisorVISR | — | — | — | — | — | $3.9K | |
 Hourglass | — | — | — | — | — | — | |
 SAIL TokenSAIL | — | — | — | — | — | — | |
 Nestcoin | — | — | — | — | — | — | |
 Membrane Labs | — | — | — | — | — | — | |
 Squads | — | — | — | — | — | — | |
 Integral1INTEGRAL | — | — | — | — | — | — | |
 Llama | — | — | — | — | — | — | |
 Privy | — | — | — | — | — | — | |
 ConsenSys | — | — | — | — | — | — | |
 Shadow | — | — | — | — | — | — | |
 Clusters | — | — | — | — | — | — | |
 INIT Capital | — | — | — | — | — | — | |
 Phoenix | — | — | — | — | — | — | |
 Cove Finance | — | — | — | — | — | — | |
 Kiosk | — | — | — | — | — | — | |
 Ava ProtocolAP | — | — | — | — | — | — | |
 Nuffle Labs | — | — | — | — | — | — | |
 Wasabi | — | — | — | — | — | — | |
 Frame | — | — | — | — | — | — | |
 Abstract | — | — | — | — | — | — | |
 Kuru | — | — | — | — | — | — | |
 Bitnomial | — | — | — | — | — | — | |
 Term FinanceTERM | — | — | — | — | — | — |
Showing 60 of 71 — the rest fall below this market-cap range.
Entry price and ROI come from the source's data for this fund. Stage and date are derived by matching the entry price against the project's rounds; where there is no match, a dash is shown.
Funding rounds · 88
| Project | Stage | Raised | Valuation | Date |
|---|---|---|---|---|
 InfiniFi Lead | Seed Round | $3.0M | $30.0M | |
 legend.trade Lead | Seed Round | $3.5M | $35.0M | |
 Rocket Lead | Pre-seed | $1.5M | $15.0M | |
 Etherealize Lead | Funding Round | $40.0M | $400.0M | |
 Hyperbeat Lead | Seed Round | $5.2M | $52.0M | |
 Mill City Ventures III | Post-IPO | $450.0M | $4.50B | |
 ETHZilla | PIPE | $425.0M | $4.25B | |
| Kuru | Series A | $11.6M | $116.0M | |
 SharpLink | Post-IPO | $425.0M | $4.25B | |
 Unto Lead | Funding Round | $14.4M | $144.0M | |
| Walrus | Private Token Sale | $140.0M | $1.40B | |
 Hibachi | Seed Round | $5.0M | $50.0M | |
| Axelar | OTC | $30.0M | $300.0M | |
 Bitwise Lead | Funding Round | $70.0M | $700.0M | |
| InfiniFi Lead | Pre-seed | $3.0M | $30.0M | |
| INFINIT | Funding Round | $6.0M | $60.0M | |
| Kuru Lead | Seed Round | $2.0M | $20.0M | |
| Term Finance Lead | Strategic Round | $5.5M | $55.0M | |
| Wasabi Lead | Seed Round | $3.0M | $30.0M | |
| Nuffle Labs Lead | Funding Round | $13.0M | $130.0M | |
| Layer3 | Series A | $15.0M | $150.0M | |
| Ava Protocol | Seed Plus Round | $10.0M | $100.0M | |
| Squads Lead | Series A | $10.0M | $100.0M | |
| Re Protocol Lead | Funding Round | $7.0M | $70.0M | |
| Zeta Markets Lead | Strategic Round | $5.0M | $50.0M | |
| Kiosk Lead | Funding Round | $10.0M | $100.0M | |
| Puffer Lead | Series A Round | $18.0M | $180.0M | |
| Cove Finance Lead | Pre-seed | $3.0M | $30.0M | |
| Monad | Funding Round | $225.0M | $2.25B | |
| Phoenix | Series A | $20.0M | $200.0M | |
| INIT Capital | Seed Round | $3.0M | $30.0M | |
| Clusters | Seed Round | $9.0M | $90.0M | |
| Abstract Lead | Funding Round | — | — | |
| Frame | Funding Round | — | — | |
| Shadow | Seed Round | $9.0M | $90.0M | |
| Llama Lead | Seed Round | $6.0M | $60.0M | |
| Membrane Labs | Series A | $20.0M | $200.0M | |
| Phoenix Lead | Seed Round | $3.3M | $33.0M | |
| Anoma | Funding Round | $25.0M | $250.0M | |
| Hourglass Lead | Seed Round | $4.2M | $42.0M | |
| Term Finance Lead | Seed Round | $2.5M | $25.0M | |
| EigenCloud (prev. EigenLayer) | Series A Round | $50.0M | $500.0M | |
| Immunefi | Series A Round | $24.0M | $240.0M | |
| Integral1 Lead | Funding Round | $8.5M | $85.0M | |
| SWEAT | Private Round | $10.0M | $300.0M | |
| Hashflow | Series A | $25.0M | $400.0M | |
| Magic Eden Lead | Series B Round | $130.0M | $1.30B | |
| Privy | Seed Round | $8.3M | $83.0M | |
| Trisolaris Lead | Seed Round | $4.5M | $45.0M | |
| Espresso Lead | Seed Round | $32.0M | $320.0M | |
| Magic Eden | Series A Round | $27.0M | $270.0M | |
| Ava Protocol | Seed Round | $5.5M | $55.0M | |
| Nestcoin | Pre-seed | $6.5M | $64.5M | |
| Zeta Markets | Seed Round | $8.5M | $85.0M | |
| Sui | Series A | $36.0M | $450.0M | |
| ConsenSys | Series C | $200.0M | $3.20B | |
| Anoma | Private Round | $26.0M | $260.0M | |
| Immunefi Lead | Seed Round | $5.5M | $55.0M | |
| Aurora | Private Round | $12.0M | $130.0M | |
| Layer3 | Seed Round | $2.5M | $25.0M | |
| Taker Protocol Lead | Funding Round | $3.0M | $30.0M | |
| Syndicate | Series A Round | $20.0M | $200.0M | |
| Visor | Funding Round | $3.5M | $35.0M | |
| SAIL Token | Seed Round | $17.0M | $170.0M | |
| Bitwise Lead | Series B | $70.0M | $500.0M | |
| dYdX | Series C | $65.0M | $650.0M | |
| Iron Fish | Funding Round | $5.3M | $53.0M | |
| Hashflow Lead | Seed Round | $3.2M | $20.0M | |
| Anoma | Funding Round | $6.8M | $67.5M | |
| Omnity Convertible Token | Seed Round | $3.0M | $20.0M | |
| Gitcoin | Funding Round | $11.3M | $113.0M | |
| Radworks | Early Supporters | $12.0M | $60.0M | |
| Celo | Venture Round | $20.0M | $200.0M | |
| Syndicate | Seed Round | $1.0M | $10.0M | |
| Marlin | Private Round | $3.0M | $8.8M | |
| Bitnomial Lead | Series B | $11.6M | $116.0M | |
| Mina Protocol | Strategic Round (unlocked) | $6.6M | $250.0M | |
| DerivaDAO | Investment Round | $2.7M | $17.6M | |
| Auto Finance | Private Round | $4.0M | $23.5M | |
| NEAR Protocol | Private Round 2 | $375.0K | $150.0M | |
| MultiversX | Private Sale | $1.9M | $10.0M | |
| Mina Protocol | Series A | $15.0M | $150.0M | |
| NEAR Protocol | Private Round 1 | $8.5M | $120.0M | |
| Spacemesh | Series A | $15.0M | $150.0M | |
| NEAR Protocol | Seed Round | $2.9M | $50.0M | |
| Oasis | Backers | $45.0M | $200.0M | |
| Mina Protocol | Seed Round | $3.5M | $70.0M | |
| NEAR Protocol | Pre-seed | $810.0K | $37.5M |
Focus areas
Blockchain7
Infrastructure4
Coinlist Launchpad3
Crypto Treasury Assets1
Liquid Staking Protocols1
DeFi1
Binance Launchpad1
Co-investors
Coinbase Ventures9 shared
Andreessen Horowitz (a16z)8 shared
Polychain Capital8 shared
Dragonfly Capital6 shared
Naval Ravikant6 shared
YZi Labs (prev Binance Labs)4 sharedFunds that most often back the same projects.