# Electric Capital

> Electric Capital is an engineer-led venture capital firm founded by Avichal Garg and Curtis Spencer in 2018. It backs early-stage companies and protocols in crypto, AI, cryptography and distributed systems, supports founders with technical and operating expertise, and builds public research tools including DeveloperReport.com and Open Dev Data.

- **Founded:** 2018
- **Headquarters:** Palo Alto, United States
- **Founders:** Avichal Garg (Co-founder and General Partner), Curtis Spencer (Co-founder and General Partner)
- **Products:** Early-stage venture investment, Founder and portfolio support, Developer Report, DeveloperReport.com, Open Dev Data
- **Notable:** Announced $1 billion across two investment funds in March 2022., The 2024 Developer Report analyzed 902 million commits across 1.7 million repositories., Launched Open Dev Data publicly on November 21, 2025.

## Products & services

- **Early-stage venture investment** — Equity and token investing, primarily preseed through Series A; the current homepage lists checks of $1 million to $15 million or more.
- **Founder and portfolio support** — Engineering, product design, hiring, metrics, governance, liquidity and regulatory expertise.
- **Developer Report** — Historical annual analysis of open-source crypto developer activity; standalone annual publication retired starting in 2025.
- **DeveloperReport.com** — Public developer-activity dashboard launched in 2022 and now powered by Open Dev Data.
- **Open Dev Data** — Open-source taxonomy, datasets and tools for crypto and decentralized-web developer analysis, released publicly in November 2025.

## Achievements

- Announced $1 billion across two investment funds in March 2022.
- The 2024 Developer Report analyzed 902 million commits across 1.7 million repositories.
- Launched Open Dev Data publicly on November 21, 2025.
- Its January 2026 thesis describes $3 billion in assets under management across six funds; separately, the current homepage reports $3 billion or more invested. These metrics are distinct.

## Latest updates

- **2026-04** — Featured the DeFi Decoded interview Why the Best Investors are Builders, with Avichal Garg and Ken Deeter.
- **2026-03** — Published research mapping 501 sources of real-world yield; the article is dated March 17, while the content index lists March 16.
- **2026-01** — Published 26 investment opportunities in user-owned technology, spanning AI, fintech, privacy and new crypto applications.
- **2025-11** — Released Open Dev Data and retired the standalone annual Developer Report starting in 2025.

## Links

- Website: https://electriccapital.com/
- LinkedIn: https://www.linkedin.com/company/electric-capital
- Twitter/X: https://x.com/electriccapital
- GitHub: https://github.com/electric-capital

---

Profile page: https://yespress.io/electric-capital
Published by YesPress — https://yespress.io
Last updated: 2026-10-27