Figment Capital

Figment Capital

Figment Capital was launched in 2018 by Alex Roter and James Parillo as a dedicated early-stage venture firm focused on the crypto and Web3 ecosystem. The firm emerged alongside the maturation of blockchain infrastructure, positioning itself to back technical founders at the pre-seed and seed stages. The founding team's combination of engineering fluency and prior investment experience shapes a research-heavy approach to sourcing deals in an information-scarce market. The firm deploys capital primarily through equity rounds and token warrants into foundational blockchain protocols, developer tools, and decentralized finance primitives. The strategy spans multiple Layer 1 and Layer 2 ecosystems, with known investments across consensus mechanisms, cross-chain interoperability, and staking infrastructure. Confirmed portfolio companies include MultiversX (formerly Elrond) and Mina Protocol (per public record). Geographic reach includes teams based in the United States, Europe, and distributed remote organizations. Figment Capital operates from New York and San Francisco, maintaining a lean partnership that leverages deep crypto-native relationships to access competitive allocations. The firm is distinct from Figment Inc., the staking-infrastructure provider, though the two share a common origin in the 2018-era institutional staking wave. The team's core differentiator is a protocol-level investment thesis that prioritizes long-term ecosystem participants over application-layer consumer bets. The partnership's structural model blends venture capital fundamentals with crypto-specific deal mechanics. This manifests in a willingness to lock tokens, participate in testnet validator sets, and actively contribute to network governance. The firm's operational posture reflects a conviction that the largest value-creation opportunities in Web3 remain concentrated in the infrastructure that supports decentralized compute and settlement.