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New Layer Capital is a venture capital firm founded in 2021 and headquartered in the United States. The firm focuses on investing in technology companies that leverage Bitcoin's principles, aiming to support visionary founders by providing capital, insights, and access to extensive networks. Since its inception, New Layer Capital has built a reputation for its deep involvement in the Bitcoin ecosystem, dating back to 2013.
The firm operates with a dual presence in New York and the Middle East, which enhances its ability to tap into Gulf institutional capital flows into Bitcoin infrastructure. New Layer Capital has a collective experience of over 50 years in high-tech operations and investing, with a track record of building billion-dollar companies. The firm has funded over 10 portfolio companies since its founding, demonstrating its active engagement in the market.
New Layer Capital invests exclusively in companies within the Bitcoin ecosystem, targeting sectors such as Energy, Mining & Advanced Computing (Layer 0), Lightning Network & Scalability (Layer 2+), Artificial Intelligence, Financial Services, Privacy & Security, and Decentralized Applications (dApps). The firm focuses on early-stage investments, ranging from Pre-Seed to Series B, with check sizes reaching up to $2 million.
The investment philosophy of New Layer Capital emphasizes patient capital and long-term value creation. The firm seeks to identify visionary founders who are committed to leveraging Bitcoin's principles to drive innovation in their respective sectors. This approach allows New Layer Capital to build strong relationships with portfolio companies and support them through various stages of growth.
New Layer Capital's portfolio includes several notable companies that reflect its focus on the Bitcoin ecosystem:
This diverse portfolio showcases New Layer Capital's commitment to investing in deep Bitcoin infrastructure across various layers, including mining, energy, and application development.
Nicholas Safford: General Partner with over 17 years of experience in venture capital, private equity, and mergers & acquisitions. He has executed over $50 billion in transactions and has expertise in the energy sector, previously working at Saudi Aramco.
Alex Lyashok: Operating Partner and founder of WorkFusion, an AI SaaS company that scaled to 350 global employees and was sold for approximately $1 billion. His background includes significant experience in technology and operations.
Dave Perrill: Operating Partner and a four-time technology founder. He built Compute North, a Bitcoin mining company, to 150 employees and 750MW of capacity. He also serves on the board of Hive Digital Technologies (Nasdaq: HIVE).
Faisal Baig: Partner with over 25 years of experience in private equity, venture capital, and mergers & acquisitions. He has held roles at Aramco, Investcorp, JPMorgan, Citi, and NEA, overseeing more than $75 billion in investment transactions.
To pitch New Layer Capital, founders should use the preferred channel of their website or email. A comprehensive pitch deck should include an overview of the business model, market analysis, financial projections, and the team’s background. Founders should expect a response time of 2-4 weeks after submission.
Warm introductions are beneficial but not mandatory. The firm encourages direct outreach from founders who align with their investment focus.
Since its founding in 2021, New Layer Capital has actively funded over 10 portfolio companies, including recent investments in Hestiia, Sustainable Bitcoin Protocol, Synota, and Lincoin. The firm has established syndicate operations via AngelList, boasting over 1,000 syndicate members with a minimum entry of $1,000.
New Layer Capital continues to focus on early-stage investments, with check sizes reaching up to $2 million. The firm is recognized for its deep commitment to the Bitcoin ecosystem and has been involved in various initiatives aimed at enhancing Bitcoin's sustainability and scalability.
What are New Layer Capital's investment criteria?
New Layer Capital invests in early-stage companies within the Bitcoin ecosystem, focusing on sectors such as energy, AI, fintech, cybersecurity, and web3. The firm looks for visionary founders who leverage Bitcoin's principles to drive innovation.
How can I apply or pitch to New Layer Capital?
Founders can pitch to New Layer Capital through their website at newlayer.capital or by emailing hello@newlayer.capital. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes New Layer Capital different from other VCs?
New Layer Capital is one of the few venture capital firms that focuses exclusively on the Bitcoin ecosystem, employing a sophisticated layer-based framework for categorizing investment targets. This specialization allows them to provide targeted support to portfolio companies.
What is the geographic scope of New Layer Capital's investments?
While based in the United States, New Layer Capital is not geographically restricted and actively seeks global equity investments within the Bitcoin ecosystem.
What is the typical check size for investments?
New Layer Capital typically invests up to $2 million per company, depending on the stage and needs of the business.
What kind of post-investment involvement does New Layer Capital have?
The firm provides ongoing support to its portfolio companies, leveraging its extensive networks and expertise in the Bitcoin ecosystem to help them scale and succeed.
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