In every new hardware paradigm, a wave of software innovation follows in the wake of massive capital deployments as new assets require monitoring, maintenance, and active management.
We see a future where energy, compute, connectivity, and other digital commodities are traded onchain in global, permissionless markets with deep liquidity.
Human progress has always been defined by
atoms over spacetime.
We believe that the role of capital
allocators is to find, fund, and
facilitate the most efficient use of
these thermodynamically constrained
resources at civilization scale.
This innovation couldn’t come at a more
critical moment. Traditional systems are
crumbling.
Legacy institutions are more concerned
with maintaining power than keeping pace
with technological and societal
change.But a new generation of ambitious
builders isn’t waiting around. They’re
creating an operating system for
humanity’s most pressing needs, built on
public open source networks.
We are entering a golden age for
protocols, networks, and companies that
improve the utilization, efficiency, and
profitability of this digital
infrastructure and create efficient
markets and forward curves for the
commodities required to manufacture,
install, and operate it.
The foundations of this transition are
being built.
We are committed to backing early stage
founders who will shape its trajectory.
Human progress has always been defined by our ability to
manipulate energy and atoms over spacetime.
We believe that the role of capital allocators is to find,
fund, and facilitate the most efficient use of these
thermodynamically constrained resources at civilization scale.
This innovation couldn’t come at a more critical moment.
Traditional systems are crumbling.
Legacy institutions are more concerned with maintaining power
than keeping pace with technological and societal change. But a
new generation of ambitious builders isn’t waiting around.
They’re creating an operating system for humanity’s most
pressing needs, built on public open source networks.
We are entering a golden age for protocols, networks, and
companies that improve the utilization, efficiency, and
profitability of this digital infrastructure and create
efficient markets and forward curves for the commodities
The foundations of this transition are being built.
We are committed to backing early stage founders who will
shape its trajectory.
- 5 years growing CoinShares, Europe's largest digital asset manager, and taking it public
- Early team at Digital Currency Group, 3 years building the largest investment firm in Bitcoin (there was just Bitcoin)
- Obsessive investor, 250+ co’s w $20B+ in enterprise value
- Started in commodities trading, earned her stripes in the oilfield, then fell in love with Bitcoin and sci-fi
- Rice undergrad, MIT grad, teach at Oxford
- 3 years at Energize Capital, board at Banyan Infrastructure, DroneDeploy, Jumptech, Patch
- Investing chops at Union Square Ventures, Carta, CoVenture
- Started in TradFi at BlueMountain Capital and Morgan Stanley
- Likes horses, house music, and far flung places
- University of Edinburgh undergrad, Columbia grad
- 4 years at Galaxy Digital building and leading the firm’s US institutional digital asset spot, credit and derivatives franchise sales and trading businesses
- 4 years on JP Morgan trading floor focused on OTC equity index and commodities derivatives trading vs. institutional counterparties
- Marginalist economics enthusiast
- Economics at Northwestern University
what we invest in
PROTOCOLS + DEV TOoLING
Protocols governing open networks and decentralized application ecosystems, along with tools that help organizations of any size deploy and manage their infrastructure.
ORCHESTRATION + OPTIMIZATION
Software solutions that automate workflows, optimize operations, and enhance performance by streamlining complex resource management.
commodities + capital markets
Protocols and companies pioneering new commodities and capital markets, market microstructure to enhance efficiency and liquidity in both new and existing markets.
aggregators + marketplaces
Decentralized physical infrastructure networks that virtualize and aggregate resources, enabling new marketplaces that streamline the procure-to-pay lifecycle.
strategic partnerS
Crucible Capital prides itself on building long term, enduring relationships with its strategic partners which include:
Laser Digital is a full-service digital asset firm established by Nomura specializing in trading, asset management, solutions and early-stage investing.
Welara is a premier crypto-native multi-family office dedicated to comprehensive wealth, asset, and lifestyle management.