Multicoin Capital

Kyle Samani and Tushar Jain founded Multicoin Capital in 2017 and quickly established the venture firm as a major backer of layer-1 blockchain Solana. The Austin-based firm led an early fundraise for the protocol, buying SOL tokens at $0.04 each. That bet soured following the 2022 collapse of FTX, a crypto exchange with deep ties to the Solana ecosystem. However, the VC saw its fortunes change after Solana's price rallied and hit an all-time high in January 2025. Multicoin Capital has also invested in the blockchain network Aptos, the prediction market Kalshi, and the crypto infrastructure company Paxos.