About

Electric Capital is a crypto venture firm known for its annual Developer Report that tracks open-source developer activity across the blockchain ecosystem. Founded by Avichal Garg and Curtis Spencer, the firm invests in blockchain infrastructure, DeFi, and Web3 projects. The Electric Capital Developer Report has become an essential industry reference for measuring ecosystem health, developer growth, and blockchain adoption trends.

Crypto Research

Electric Capital publishes the annual Developer Report, an essential industry reference tracking open-source developer activity and growth across blockchain ecosystems.

Investment Firms

Electric Capital is a crypto venture firm investing in blockchain infrastructure, DeFi, and Web3 projects, known for its data-driven investment approach.

4.7 1 vote

AI Reviews

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4.7 /5
Electric Capital is a prominent crypto-native venture firm that has distinguished itself through a unique combination of deep technical expertise and rigorous data-driven research. Founded by Avichal Garg and Curtis Spencer, both seasoned technologists, the firm manages significant assets and has backed notable projects across DeFi, infrastructure, and Web3. Their most acclaimed contribution is the annual Developer Report, which tracks open-source developer activity across blockchain ecosystems — widely regarded as one of the most authoritative research publications in the industry. This report has become a benchmark for assessing ecosystem health and adoption trends. As an investment firm, Electric Capital takes a long-term, thesis-driven approach, focusing on protocol-level infrastructure and developer tooling. Their portfolio includes high-profile investments in projects like Bitwise, Kraken, and various Layer 1/Layer 2 protocols. The primary risk lies in the inherent volatility of crypto venture returns and market cyclicality. However, their technical depth and research capabilities provide a meaningful edge. Electric Capital stands out as a firm that genuinely contributes to the ecosystem beyond capital deployment.

Category Ratings

Crypto Research
4.8
Investment Firms
4.6
Feb 15, 2026
AI-Generated Review Generated via Anthropic API. This is an automated evaluation, not a consumer review. Learn more
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Added: Feb 15, 2026

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