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Arrington XRP Capital

North America, Washington, United States, Seattle

Description

Arrington Capital, formerly known as Arrington XRP Capital, is a prominent digital asset management firm founded in 2017 by Michael Arrington, the founder of TechCrunch. Initially launched with a focus on XRP-denominated investments, the firm has since evolved its strategy to become a broader investor in the burgeoning blockchain and Web3 ecosystem. Based in Seattle, Arrington Capital leverages its deep industry connections and expertise to identify and support disruptive technologies across various blockchain verticals.

The firm's investment strategy is comprehensive, spanning across the capital stack from early-stage equity to liquid token investments. They actively seek out projects in decentralized finance (DeFi), non-fungible tokens (NFTs), blockchain infrastructure, gaming, and other innovative applications that leverage distributed ledger technology. Arrington Capital is known for its hands-on approach, providing strategic guidance and leveraging its extensive network to help portfolio companies scale and achieve their potential in a rapidly evolving market.

Arrington Capital has demonstrated its commitment to the blockchain space through the successful raising of multiple dedicated funds. This includes the Arrington Algo Growth Fund, a $100 million fund launched in 2021 to support projects within the Algorand ecosystem, and the Arrington Capital Fund III, another $100 million fund announced in 2022. These funds enable the firm to deploy significant capital into promising ventures. Their typical initial investment check size ranges from $500,000 to $10 million, targeting projects with strong technical foundations and innovative solutions.

With a clear vision for the future of decentralized technologies, Arrington Capital continues to be a significant player in the digital asset investment landscape. Their focus remains on backing foundational protocols and applications that aim to reshape industries and create new paradigms for digital ownership and interaction.

Investor Profile

Arrington XRP Capital has backed more than 107 startups, with 0 new investments in the last 12 months alone. The firm has led 28 rounds, about 26% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Singapore, South Korea.
  • Strong thematic focus on Blockchain, Cryptocurrency, Financial Services.
  • Typical check size: $500K – $10M.

Stage Focus

  • Seed (50%)
  • Series Unknown (15%)
  • Series A (12%)
  • Pre Seed (8%)
  • Initial Coin Offering (8%)
  • Series B (1%)
  • Undisclosed (1%)
  • Angel (1%)
  • Corporate Round (1%)
  • Private Equity (1%)

Country Focus

  • United States (48%)
  • Singapore (12%)
  • South Korea (7%)
  • Cayman Islands (4%)
  • Switzerland (3%)
  • China (3%)
  • Canada (2%)
  • Vietnam (2%)
  • Hong Kong (2%)
  • United Kingdom (2%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Financial Services
  • Fintech
  • Software
  • Information Technology
  • Finance
  • Internet
  • Decentralized Finance (Defi)
  • Web3
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Arrington XRP Capital frequently co-invest with?

Pantera Capital
North America, California, United States, Menlo Park
Co-Investments: 9
Hashed
North America, California, United States, San Francisco
Co-Investments: 16
Hypersphere Ventures
North America, Florida, United States, Miami
Co-Investments: 12
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 11
Fenbushi Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 11
PC
North America, Connecticut, United States, Greenwich
Co-Investments: 13
Hashkey Exchange
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 9
Polychain
North America, California, United States, San Francisco
Co-Investments: 9
Signum Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 9
CoinFund
North America, New York, United States, Brooklyn
Co-Investments: 10

Which angels does Arrington XRP Capital often collaborate with?

Shared Deals: 3
AP
North America, California, United States, San Francisco
Shared Deals: 2
Joeri van Geelen
Asia, United Arab Emirates
Shared Deals: 2
SK
Europe, England, United Kingdom, London
Shared Deals: 3
Alex Svanevik
Asia, Singapore
Shared Deals: 2
RH
Europe, Ile-de-France, France, Paris
Shared Deals: 2
AP
North America, Delaware, United States
Shared Deals: 1
SB
North America, California, United States, San Francisco
Shared Deals: 2
Do Kwon
Asia, South Korea
Shared Deals: 3
AV
North America, Texas, United States, Austin
Shared Deals: 1

What are some of recent deals done by Arrington XRP Capital?

Azuro

Tucson, Arizona, United States

Azuro offers tools and solutions to help developers build prediction applications on the blockchain.

BlockchainInformation TechnologyNon-Fungible Token (NFT)
SeedApr 11, 2024
Amount Raised: $3,500,000
ether.fi

George Town, Midland, Cayman Islands

ether.fi is a non-custodial decentralized ETH staking method that distributes staking to node operators in exchange for rewards.

FinTechInformation Technology
Series AFeb 28, 2024
Amount Raised: $27,000,000
QED Protocol

Hong Kong, Hong Kong Island, Hong Kong

QED is a zk-Native blockchain protocol built to scale trustless computation and privacy for the next generation of the internet.

BlockchainCryptocurrency
SeedFeb 26, 2024
Amount Raised: $3,000,000

Drosera is a decentralized incident response system that uses hidden security intentions to contain and mitigate attacks.

Decentralized Finance (DeFi)EthereumFinancial ServicesInformation Technology
Pre SeedFeb 15, 2024
Amount Raised: $1,500,000
Delegate

San Francisco, California, United States

Delegate focuses on increasing the security of on-chain identities and digital asset management such as NFTs and ERC20 tokens.

BlockchainCryptocurrencySecurity
SeedFeb 1, 2024
Amount Raised: $9,000,000
Portal

San Francisco, California, United States

Portal is a financial services company that trades crypto without putting coins at risk.

BitcoinBlockchainCryptocurrencyFinancial ServicesFinTech
SeedJan 30, 2024
Amount Raised: $34,000,000

bbox offers professional trading on the Decentralized Perpetual Exchange and hybrid markets.

Decentralized Finance (DeFi)Information ServicesTrading Platform
Pre SeedJan 30, 2024
Amount Raised: $2,700,000
Fyde Treasury

London, England, United Kingdom

Working with crypto-savvy DAOs to push the frontier of DeFi and treasury management.

Software
SeedDec 19, 2023
Amount Raised: $3,200,000
Wormhole

George Town, Midland, Cayman Islands

Wormhole is a generic cross-chain messaging protocol platform that can use data, assets, and messages from other chains.

AppsCryptocurrencyMessaging
Initial Coin OfferingNov 29, 2023
Amount Raised: $225,000,000
Superstate

San Francisco, California, United States

Superstate is a developer of legal and blockchain-based financial solutions.

BlockchainFinanceFinancial Services
Series ANov 15, 2023
Amount Raised: $14,000,000