Avichal Garg

Avichal Garg is a prominent figure in the venture capital landscape, particularly recognized for his deep expertise and investment focus within the cryptocurrency and Web3 sectors. As a Managing Partner at Electric Capital, a leading venture firm dedicated to blockchain technology, Garg leverages a rich background as a serial entrepreneur and technology executive. Prior to co-founding Electric Capital, he held significant roles at tech giants like Google and Facebook, and notably served as a partner at Y Combinator, where he honed his eye for early-stage innovation. His entrepreneurial journey includes successfully selling two companies, underscoring his firsthand understanding of building and scaling ventures.

Electric Capital, under Garg's leadership, has established itself as a major player in the crypto investment space, known for its strategic investments across various stages, from seed to Series B. The firm made headlines in March 2022 with the announcement of a massive $1 billion fund, demonstrating its significant capital deployment capabilities. This fund was strategically bifurcated, allocating $400 million specifically for venture investments in promising crypto startups and protocols, and an additional $600 million dedicated to liquid token investments. This substantial capital pool allows Electric Capital to provide robust support to its portfolio companies, enabling them to scale and innovate within the rapidly evolving Web3 ecosystem.

Garg's investment thesis at Electric Capital centers on identifying foundational technologies and protocols that are poised to drive the next wave of decentralized applications and infrastructure. The firm's portfolio spans a wide array of crypto sub-sectors, including DeFi, NFTs, gaming, and core blockchain infrastructure. With a typical first check size ranging from $1 million for early-stage seed rounds to potentially $20 million for more developed Series A or B opportunities, Electric Capital is equipped to be a lead investor in significant funding rounds. His extensive network, operational experience, and strategic vision make him a highly sought-after partner for founders navigating the complexities of the crypto industry.