Multicoin Capital Added Lucas to Investment Team
The firm hired the former Pods Media and Bankless contributor as it marks its nine-year anniversary.
Updated on Oct. 1, 2026 in Startups
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Multicoin Capital announced the addition of Lucas to its investment team on October 1, 2026. The move coincides with the ninth anniversary of the venture capital firm's founding.
Why it matters
The hire aligns with the firm's strategic focus on expanding its capacity to identify and capitalize on early-stage crypto opportunities. This update follows a broader reorganization of the firm's leadership structure initiated earlier in 2026.
Multicoin Capital manages a $422 million venture fund raised in January 2022. The firm officially reached its nine-year operational milestone on October 1, 2026.
The players
Lucas
He is the newest member of the Multicoin Capital investment team who previously worked with Pods Media and Bankless.
Kyle Samani
He is a co-founder of Multicoin Capital who transitioned into an advisory role for the firm in February 2026.
Spencer Applebaum
He serves as a General Partner and Co-Head of Venture at Multicoin Capital following his promotion in March 2026.
Shayon Sengupta
He serves as a General Partner and Co-Head of Venture at Multicoin Capital following his promotion in March 2026.
The details
The appointment was confirmed publicly by partners Reed and Xethalis via a post on the platform X. Lucas brings experience from previous roles at Pods Media and Bankless to the investment team.
Timeline
October 1, 2017: Multicoin Capital was founded.
January 2022: The firm raised a $422 million venture fund.
February 2026: Kyle Samani transitioned into an advisory role.
March 2026: Spencer Applebaum and Shayon Sengupta were promoted to co-heads of venture.
October 1, 2026: Lucas officially joined the Multicoin Capital investment team.
Market Landscape
The firm is scaling its team to leverage the capital reserves established by its 2022 fundraise. This expansion positions the venture group to intensify its focus on early-stage crypto markets amidst shifting leadership roles.
Investors and startup founders should note the firm's stated intention to increase its focus on early-stage opportunities. This shift may impact the types of projects and funding rounds the firm prioritizes in the coming months.
The takeaway
Expanding an investment team often signals a move to increase deal volume or pivot toward specific nascent technology sectors. Investors should monitor whether this hiring trend correlates with a change in the firm's deal-flow cadence.
Further reading
For more on industry hiring trends, visit the /business/startups/ section.
Source note: This article includes information reported by Crypto Briefing.
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