• FORGING THE FOUNDATIONS OF OUR FUTURE •  
• FORGING THE FOUNDATIONS OF OUR FUTURE •
Crucible is a seed-stage investment fund

We back startups bringing digital and physical resources onchain to expand and strengthen the foundation of our shared future.

How we see the world

How we see the world

Human progress has always been defined

by our ability to manipulate energy and atoms

over spacetime.

We believe the most obvious use case for

blockchains and tokens 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.

And the current investment ecosystem is s

imply not focused enough on these basic

building blocks of prosperity.

But a new generation of ambitious builders

isn’t waiting around. They’re creating an

operating system for humanity’s most

pressing  challenges, built on public

blockchain networks.

Financed, operated, and governed using

tokens, these dynamic networks of hardware

and software will forge a new foundation for

our shared future.

How we see the world

How we see the world

Human progress has always been defined by our ability

to manipulate energy and atoms over spacetime.

We believe the most obvious use case for blockchains and tokens

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.

And the current investment ecosystem is simply not focused

enough on these basic building blocks of prosperity.

But a new generation of ambitious builders isn’t waiting around.

They’re creating an operating system for humanity’s most pressing

challenges, built on public blockchain networks.

Financed, operated, and governed using tokens,

these dynamic networks of hardware and software

will forge a new foundation for our shared future.

What we invest in

New digital infrastructure, including

blockchain networks and cryptographic innovation

that enables the utilization of blockspace

for specialized application.

New models for capitalizing, constructing,

and governing physical infrastructure networks

and digital resource networks.

The creation of a new asset class -

digital commodities - that facilitate hedging, speculation,

and financialization of core digital infrastructure.

New models and marketplaces for vertical and horizontal

integration in resource intensive industries.

new digital infrastructure

including blockchain networks and cryptographic innovation that enables the utilization of block space for specialized applications

Meltem Demirors
General Partner
  • 5 years growing CoinShares (now a pubco), 3 years building DCG
  • Obsessive investor, 250+ co’s incl Polymarket, Render, Blockdaemon
  • Started in Oil and Gas then fell in love with Bitcoin and sci fi
  • Rice undergrad, MIT grad, teach at Oxford
Honour Masters
Investment Principal
  • 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
what we invest in
digital infrastructure

Blockchain networks and novel cryptographic innovations that enable the utilization of block space for specialized applications. This category also includes middleware and developer tooling.

tokenized resource networks

New models for capitalizing, constructing, and governing physical infrastructure networks and digital resource networks using a token as an incentive and governance mechanism.

commodities + capital markets

Protocols and firms pioneering the creation of net new commodities that facilitate hedging, speculation, and the financialization of digital infrastructure and the physical inputs in the compute value chain.

aggregators + marketplaces

New models for resource aggregation and marketplaces that enable vertical and horizontal integration in resource intensive applications and industries.

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.