# Electric Capital Portfolio Map 2026: 48 Startups by Sector

> Electric Capital's portfolio mapped: 48 startups it has backed, in 4 sectors from Web3 & Crypto, Fintech and DeFi on.

Source: https://millionrounds.com/portfolio-maps/electric-capital-portfolio-map (Millionrounds; every figure on the page links to its filing or article)

## Web3 & Crypto

38

- [GDA](https://millionrounds.com/company/gda)
- [Etherealize](https://millionrounds.com/company/etherealize)
- [Certora](https://millionrounds.com/company/certora)
- [Axelar Network](https://millionrounds.com/company/axelar-network)
- [Kiosk](https://millionrounds.com/company/kiosk)
- [Hashflow](https://millionrounds.com/company/hashflow)
- [Anoma](https://millionrounds.com/company/anoma)
- [Bitnomial](https://millionrounds.com/company/bitnomial)
- [Immunefi](https://millionrounds.com/company/immunefi)
- [Ellipsis Labs](https://millionrounds.com/company/ellipsis-labs)
- [Shipyard Software](https://millionrounds.com/company/shipyard-software)
- [CoinList](https://millionrounds.com/company/coinlist)
- [*CF* Cozy Finance](https://millionrounds.com/company/cozy-finance)
- [Unto Labs](https://millionrounds.com/company/unto-labs)
- [Radicle](https://millionrounds.com/company/radicle)
- [Kuru](https://millionrounds.com/company/kuru)
- [Delta One](https://millionrounds.com/company/delta-one)
- [*S* Shadow](https://millionrounds.com/company/shadow)
- [*D* Delegate](https://millionrounds.com/company/delegate)
- [Re](https://millionrounds.com/company/re)
- [MoreMarkets](https://millionrounds.com/company/moremarkets)
- [InfiniFi](https://millionrounds.com/company/infinifi)
- [Term Labs](https://millionrounds.com/company/term-labs)
- [Hourglass](https://millionrounds.com/company/hourglass)

+14 more

## Fintech

4

- [*S* Squads](https://millionrounds.com/company/squads)
- [Membrane Labs](https://millionrounds.com/company/membrane-labs)
- [INIT Capital](https://millionrounds.com/company/init-capital)
- [Wasabi](https://millionrounds.com/company/wasabi)

## DeFi

3

- [Infinit](https://millionrounds.com/company/infinit)
- [Hyperbeat](https://millionrounds.com/company/hyperbeat)
- [Swivel Finance](https://millionrounds.com/company/swivel-finance)

## Consumer Apps

3

- [Sweatcoin](https://millionrounds.com/company/sweatcoin)
- [Zeta Markets](https://millionrounds.com/company/zeta-markets)
- [Tokemak](https://millionrounds.com/company/tokemak)

## Segment by segment

### Web3 & Crypto

38 startups · $706M raised

- [**GDA**](https://millionrounds.com/company/gda) GDA is an industrial-scale Bitcoin mining company United States $251M
- [**Etherealize**](https://millionrounds.com/company/etherealize) Etherealize is a New York-based company founded in 2024 that connects traditional Wall Street institutions to the Ethereum ecosystem. United States $40M
- [**Certora**](https://millionrounds.com/company/certora) Certora provides unique technology for guaranteeing code correctness and security - $36M
- [**Axelar Network**](https://millionrounds.com/company/axelar-network) Axelar Network is a decentralized interoperability platform that serves as a universal router for the Web3 ecosystem. Canada $30M
- [**Kiosk**](https://millionrounds.com/company/kiosk) Kiosk is a visual arts laboratory that makes documentaries, television and web series, short films, and music videos. United States $30M
- [**Hashflow**](https://millionrounds.com/company/hashflow) Hashflow is a multichain decentralized exchange (DEX) aggregator and liquidity layer in the cryptocurrency sector, founded in 2019 United States $25M
- [**Anoma**](https://millionrounds.com/company/anoma) Anoma is the distributed operating system that frees builders from blockchain complexity. Switzerland $25M
- [**Bitnomial**](https://millionrounds.com/company/bitnomial) Bitnomial offers improved derivatives exchange technology coupled with new digital asset settlement systems. United States $25M

### Fintech

4 startups · $91M raised

- [*S* **Squads**](https://millionrounds.com/company/squads) - $64M
- [**Membrane Labs**](https://millionrounds.com/company/membrane-labs) Membrane Labs is a fintech company established in 2019, specializing in digital asset credit infrastructure and prime services for United States $20M
- [**INIT Capital**](https://millionrounds.com/company/init-capital) Building Liquidity Hook Money Market. Canada $3.1M
- [**Wasabi**](https://millionrounds.com/company/wasabi) Wasabi is a fast food restaurant that offers Japanese food. United States $3.0M

### DeFi

3 startups · $18M raised

- [**Infinit**](https://millionrounds.com/company/infinit) Infinit's next generation storage platform is scalable and resilient while being highly customizable for container environments: - France $8.2M
- [**Hyperbeat**](https://millionrounds.com/company/hyperbeat) Hyperbeat is a DeFi protocol established in 2024, designed to enhance the Hyperliquid ecosystem through yield infrastructure, liqu Panama $5.2M
- [**Swivel Finance**](https://millionrounds.com/company/swivel-finance) Swivel Finance is a decentralized finance protocol that specializes in fixed-rate lending and interest-rate derivatives. United States $4.7M

### Consumer Apps

3 startups · $22M raised

- [**Sweatcoin**](https://millionrounds.com/company/sweatcoin) Sweatcoin is a leading health and fitness app founded in 2014, headquartered in London, England. United Kingdom $13M
- [**Zeta Markets**](https://millionrounds.com/company/zeta-markets) Zeta Markets is a decentralized derivatives exchange platform built on Solana, specializing in the trading of crypto futures and options. United Kingdom $5.0M
- [**Tokemak**](https://millionrounds.com/company/tokemak) Tokemak is an app-based platform generating sustainable liquidity for the tokenized world. - $4.0M

**How this map is made.** Every startup here has raised money in a round we track that names Electric Capital as an investor, the first in 2019. Each sits under its main sector, read from its rounds, and each shows its best-funded first. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Sector portfolio **Electric Capital's Web3 & Crypto portfolio** 35 startups · $395M](https://millionrounds.com/portfolio-maps/electric-capital-web3-crypto-portfolio)[Co-investors **Who invests with Electric Capital** 29 co-investors](https://millionrounds.com/portfolio-maps/electric-capital-co-investors)[Portfolio map **Techstars portfolio map** 1,119 startups · $16B](https://millionrounds.com/portfolio-maps/techstars-portfolio-map)[Portfolio map **Alumni Ventures portfolio map** 745 startups · $64B](https://millionrounds.com/portfolio-maps/us-strategic-tech-fund-an-alumni-ventures-fund-portfolio-map)[Portfolio map **Andreessen Horowitz portfolio map** 694 startups · $497B](https://millionrounds.com/portfolio-maps/andreessen-horowitz-portfolio-map)[Portfolio map **Sequoia Capital portfolio map** 651 startups · $677B](https://millionrounds.com/portfolio-maps/sequoia-capital-portfolio-map)

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