Venture Capital

Multicoin Capital

Multicoin Capital is a thesis-driven crypto investment firm founded in 2017 by Kyle Samani and Tushar Jain, investing in cryptocurrencies, tokens, and blockchain companies and protocols believed to be reshaping trillion-dollar markets. The firm runs a hybrid structure of a hedge fund (its multi-billion dollar Master Fund, investing in public markets, direct positions, and strategic sales) alongside several venture funds that back early-stage companies, with venture checks ranging from roughly $1M to $50M. Its Venture Fund III closed at $422 million in January 2022. Multicoin invests across open and decentralized finance (DeFi), blockchain infrastructure and Layer 1/Layer 2 protocols, decentralized physical infrastructure networks (DePIN), stablecoins and payments, real-world asset tokenization, wallets, identity, gaming, and crypto-native consumer applications, with a well-known concentration around the Solana ecosystem. The firm's phoenix logo symbolizes a new financial system rising from the ashes of the old one, reflecting its long-term, high-conviction approach to absolute returns across market cycles. Headquartered in Austin, Texas, Multicoin manages capital on behalf of family offices, foundations, endowments, and institutional investors. In February 2026 co-founder Kyle Samani stepped back from day-to-day management, with operations continuing under co-founder Tushar Jain and partner Brian Smith.

134 portfolio companies 134 publish APIs here 11 properties
Venture CapitalSeedSeries ACryptoBlockchainWeb3DeFiInfrastructureDePINSolanaUnited States
Portfolio Strength across 69 profiled portfolio companies on the network
4 top-rated API companies 1 exemplar · 3 strong
17 agent-ready companies 4 agent-native · 13 agent-ready
Average quality of the book:
Composite thin 34.2
Agent-Readiness agent-aware 20.9

Firms are ranked by cumulative portfolio strength — how many highly-rated API companies they've backed, weighted by tier across composite quality and agent-readiness. The averages below are a secondary read on the typical company in the book.

Multicoin Capital has 134 portfolio companies tracked on the APIs.io network, of which 69 (51%) publish APIs indexed here. The remaining 65 are tracked as profiles without a published API on the network.

Its highest-rated API providers on the network are Solana, Mithril, Aptos Labs, LI.FI, Inference.

Portfolio on the Network

Portfolio companies that publish APIs indexed on APIs.io, grouped by their API Evangelist rating. Exemplar and Strong are expanded by default.

Exemplar 1 Complete, well-documented, and agent-ready
Strong 3 Solid coverage with minor gaps
Developing 17 Usable, with meaningful gaps to close
Thin 34 Limited public surface area
Emerging 14 Early or largely undocumented

Properties

Portfolio

Where the firm publishes its investments

Team

Partners and investing staff

Content

Blog, podcast, newsletter, and research

Firm

The firm itself

Cohort brief

Auto-generated

The 121 portfolio companies with APIs in the catalog, backed by Multicoin Capital, scored on the Kin Score. Every figure below is computed from the catalog — nothing here is written.

Providers
121
of 134 on the roster
Mean Kin Score
24.7
+0.3 vs catalog 24.4
Mean Agent Readiness
12.4
-0.3 vs catalog 12.7
Spread
1.2–67.1
median 24.3 · σ 15.1
How the 121 split by band
Exemplar 1Strong 3Developing 17Thin 35Emerging 37Minimal 28
Facet averages, against the whole catalog
FacetThis cohortCatalogDifferenceScored
Developer Ergonomics 37 23.8 +13.2 121
Discoverability 65.5 61.5 +4 121
Operational Transparency 15.9 14.4 +1.5 121
Contract Quality 20 20.4 -0.4 121
Contract Governance 4.3 6.6 -2.3 121
Access Clarity 17.2 27.2 -10 121

A facet is averaged over the members that carry it, not over the whole cohort — the “Scored” column is that count. Averaging an absent facet as zero would score our own coverage gaps as the providers’ posture.

What this cohort publishes
ArtifactThis cohortCatalogDifference
MCP server (any) 12% 11% +1
MCP server (first-party) 15% 13% +2
Agent Skills 0% 0% 0
OAuth scopes 4% 12% -8
Security 96% 96% 0
Arazzo workflows 2% 2% 0
Governance rules 7% 13% -6

mcp_pct counts any mcp/ artifact including ones API Evangelist derived from the provider OpenAPI; mcp_first_party_pct counts only servers the provider publishes. Prefer the latter.

Top by Kin Score
  1. 1 Solana 67.1
  2. 2 Mithril 59.5
  3. 3 Aptos 58.8
  4. 4 LI.FI 56.1
  5. 5 Inference 53.6
  6. 6 Livepeer 52.8
  7. 7 Render 50.4
  8. 8 Paxos 50.3
  9. 9 Algorand 49
  10. 10 Pyth 48.8
Top by Agent Readiness
  1. 1 Render 48.5
  2. 2 Inference 47.1
  3. 3 Pyth 46.7
  4. 4 Paxos 46.5
  5. 5 Blackbird 40.4
  6. 6 LI.FI 40.1
  7. 7 Bakkt 39
  8. 8 Nervos 34.9
  9. 9 Dialect 34.2
  10. 10 Mithril 33.9
This roster declares 134 members; 128 resolve to a provider in the catalog and 121 carry a score (95%). The figures above describe the scored members only.Generated from the catalog build of 22 September 2026, across 27674 providers, using the same computation served by the APIs.io cohort API. Briefs are published for rosters of 5 or more scored providers; below that a distribution is not meaningful.

Source (apis.yml)

apis.yml Raw ↑
aid: multicoin-capital
name: Multicoin Capital
description: >-
  Multicoin Capital is a thesis-driven crypto investment firm founded in 2017 by
  Kyle Samani and Tushar Jain, investing in cryptocurrencies, tokens, and
  blockchain companies and protocols believed to be reshaping trillion-dollar
  markets. The firm runs a hybrid structure of a hedge fund (its multi-billion
  dollar Master Fund, investing in public markets, direct positions, and
  strategic sales) alongside several venture funds that back early-stage
  companies, with venture checks ranging from roughly $1M to $50M. Its Venture
  Fund III closed at $422 million in January 2022. Multicoin invests across open
  and decentralized finance (DeFi), blockchain infrastructure and Layer 1/Layer 2
  protocols, decentralized physical infrastructure networks (DePIN), stablecoins
  and payments, real-world asset tokenization, wallets, identity, gaming, and
  crypto-native consumer applications, with a well-known concentration around the
  Solana ecosystem. The firm's phoenix logo symbolizes a new financial system
  rising from the ashes of the old one, reflecting its long-term, high-conviction
  approach to absolute returns across market cycles. Headquartered in Austin,
  Texas, Multicoin manages capital on behalf of family offices, foundations,
  endowments, and institutional investors. In February 2026 co-founder Kyle
  Samani stepped back from day-to-day management, with operations continuing under
  co-founder Tushar Jain and partner Brian Smith.
deliveryModel:
  model: unknown
  open_source: false
  commercial: false
  callable_host: false
  label: Delivery model not determined — needs a product licence on record
  confidence: low
  source:
  - none
  generated: '2026-08-28'
  method: derived
accessModel:
  pricing: unknown
  onboarding: unknown
  trial: false
  try_now: false
  public: false
  label: Unknown
  confidence: low
  source: []
  generated: '2026-07-22'
  method: derived
image: https://multicoin.capital/favicon.ico
x-type: venture-capital
x-category: Venture Capital
tags:
  - Venture Capital
  - Seed
  - Series A
  - Crypto
  - Blockchain
  - Web3
  - DeFi
  - Infrastructure
  - DePIN
  - Solana
  - United States
created: '2026-07-17'
modified: '2026-07-17'
specificationVersion: '0.23'
apis: []
common:
  - type: Website
    url: https://multicoin.capital/
  - type: Portfolio
    url: https://multicoin.capital/portfolio/
  - type: Portfolio
    url: portfolio/multicoin-capital-portfolio.yml
  - type: Team
    url: https://multicoin.capital/about/
  - type: Team
    url: team/multicoin-capital-team.yml
  - type: Blog
    url: https://multicoin.capital/blog/
  - type: Jobs
    url: https://multicoin.capital/careers/
  - type: Twitter
    url: https://twitter.com/multicoincap
  - type: LinkedIn
    url: https://www.linkedin.com/company/multicoincapital
  - type: Crunchbase
    url: https://www.crunchbase.com/organization/multicoin-capital
  - type: Contact
    url: mailto:hello@multicoin.capital
  - type: Features
    data:
      - 'Stage: Early-stage venture plus public/liquid token positions (hedge fund)'
      - 'Typical check: $1M-$50M (Venture Fund III)'
      - 'Sectors: DeFi, blockchain infrastructure, Layer 1/Layer 2 protocols, DePIN, stablecoins, payments, real-world assets, wallets, identity, gaming, crypto consumer'
      - 'Geography: United States (Austin, TX) with global crypto reach'
      - 'AUM: multi-billion dollar Master Fund (self-reported); AUM not publicly disclosed'
      - 'Funds: Master Fund (hedge fund) + Venture Funds; Venture Fund III $422M (closed January 2022)'
      - 'Founded: 2017'
      - 'Founders: Kyle Samani, Tushar Jain'
      - 'HQ: Austin, TX'
    sources:
      - https://multicoin.capital/
      - https://multicoin.capital/about/
    updated: '2026-07-17'
maintainers:
  - FN: Kin Lane
    email: kin@apievangelist.com
    url: https://apievangelist.com
  - FN: APIs.json
    url: http://apisjson.org
  - FN: Multicoin Capital
    url: https://multicoin.capital/

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