Investor profile

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Electric Capital

VC

USOtherAI/MLFintechCybersecurityDeep TechMarketplacesOther

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Investment thesis

Since 2018, Electric Capital has invested in technologies that reduce reliance on intermediaries, operating on the conviction that trust in global institutions is eroding and the need for alternative systems is no longer theoretical. AI makes the shift toward trust-minimized systems more urgent and more possible than ever. The firm partners with founders building in artificial intelligence, cryptography, fintech, healthcare, energy marketplaces, government systems, identity and reputation, and the creator economy. Electric is engineer-led — all investors are engineers who ship code regularly — giving the firm a technical foundation to evaluate where technology is headed, develop long-term conviction, and provide hands-on support most firms cannot. The firm partners closely at pre-seed and seed as founders develop product-market fit, and scales support through team building, metrics, liquidity management, and regulatory navigation as companies grow. Electric manages over $3 billion across five funds and several SPVs.

Notable quotes

If you look at the most successful commerce companies in the world, they're basically run by software engineers. If you look at the most successful media platforms, they're run by engineers. We think the same thing happens to venture capital and all capital markets.

Avichal Garg · Forbes, 'Venture Firm Electric Capital Raises $1 Billion To Invest In Crypto Startups' · 2022-03-01

How do you value this stuff? Are you speculating on some fundamental asset or just speculating?

Avichal Garg · Forbes, 'Venture Firm Electric Capital Raises $1 Billion To Invest In Crypto Startups' · 2022-03-01

The founders who drive frontier technological advancements must pair deep domain expertise with system-disrupting insights. These founders need a deeply technical partner who can help them navigate structural shifts in technology and markets.

Avichal Garg · electriccapital.com — About Electric Capital

Team

Avichal Garg

General Partner, Co-founder

AI/MLDeep TechFintech

Curtis Spencer

General Partner, Co-founder

Deep TechFintechOther

Ken Deeter

General Partner

Deep TechOther

Maria Shen

General Partner

Deep TechOther

Ren CF

General Partner

Deep TechOther

Thuan Le

Partner

Deep TechOther

Recent investments

CompanyRoundSizeDate
HyperbeatSeed$5m2025-08
EtherealizeSeed$40m2025
BitwiseSeries B$70m2025-02
MonadSeries A$230m2024-04
Magic EdenSeries B$170m2022
NEAR ProtocolSeed2018
KrakenSeed
dYdXSeed
SolanaSeed
Mysten Labs (Sui)Series B

Frequent co-investors

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