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Struck Capital, founded in 2014 by Adam B. Struck, is a venture capital firm based in Los Angeles, California. The firm has established itself as a key player in early-stage investments, particularly in B2B technology sectors. Struck Capital operates a studio model that partners with entrepreneurs from ideation to execution, providing not only capital but also operational support and strategic guidance. The firm manages approximately $220 million in assets under management (AUM) across its core capital fund and its dedicated Web3 investment vehicle, Struck Crypto.
Struck Crypto, launched in 2017, focuses specifically on blockchain, crypto, and Web3 investments, operating as a permanent capital evergreen vehicle with over $100 million AUM. The firm has made significant strides in the investment landscape, achieving notable exits such as Grab and Mythical Games. Struck Capital's team consists of around 20 professionals, including three partners, who collectively bring a wealth of experience from various sectors, including technology, finance, and entrepreneurship.
Struck Capital specializes in pre-seed and seed-stage investments, primarily targeting B2B sectors such as fintech, SaaS, and blockchain technologies. The firm seeks to identify core technology innovations that have the potential to disrupt and redefine industries. Struck Crypto extends this investment thesis into the blockchain and Web3 space, focusing on infrastructure, decentralized finance (DeFi), and consumer crypto applications. The firm emphasizes a founder-first approach, prioritizing strong founders with unique insights and information asymmetries.
Investment checks typically range from early-stage funding to Series A, although specific check sizes are not publicly disclosed. Struck Capital's operational support includes proprietary AI/ML-based hiring tools and robust fundraising expertise, which are particularly beneficial for portfolio companies in the competitive blockchain sector. The firm actively engages with its portfolio, functioning as an extension of the founding team and providing strategic guidance to help navigate the complexities of early-stage growth.
Struck Capital has built a diverse portfolio of over 50 companies, focusing on innovative technology solutions across various sectors. Notable companies in their portfolio include:
Struck Capital's portfolio also includes successful exits such as Grab, a mobile-first ride-hailing platform that went public, and Mythical Games, which has gained recognition for its innovative approach to in-game asset ownership.
Adam B. Struck: Founder & Managing Partner. Adam has a background as an M&A/PE attorney at Kirkland & Ellis and co-founded Long Island Brand Beverages, which was acquired and taken public. He has been recognized in Forbes 30 Under 30 for Venture Capital and is a member of YPO.
Michael Montero: CTO & General Partner. Michael is a co-founder and CTO of Struck Studio, with a history of founding and leading four startups that were acquired for over $500 million, including Resy, which was acquired by American Express.
David Yoo: Principal. David previously served as Investment Vice President at SoftBank Vision Fund and has a strong background in management consulting.
Brian DeShong: Principal Engineer. Brian has over 20 years of engineering leadership experience and previously worked as a Software Architect at Rainforest.
To pitch Struck Crypto, founders should visit their website at struckcapital.com and reach out via email at ir@struckcapital.com. The firm prefers pitches that clearly outline the problem being solved, the technology's unique advantages, and the team's qualifications. Founders should include relevant metrics and milestones achieved to date.
While specific application forms or portals are not disclosed, Struck Crypto maintains an open pitch policy and encourages direct communication. Founders can expect a rolling application cycle, although response times may vary based on the firm's current engagement levels.
In recent months, Struck Crypto has continued to expand its portfolio, making two new investments in the pre-seed and seed stages. The firm remains active in the blockchain and Web3 sectors, focusing on innovative technologies that align with its investment thesis.
Struck Capital has also participated in various industry events, including the Growth Lab accelerator program in partnership with J.P. Morgan, which supports LGBTQ+ entrepreneurs. This involvement highlights the firm's commitment to fostering diversity and inclusion within the startup ecosystem.
What are Struck Crypto's investment criteria?
Struck Crypto focuses on pre-seed and seed-stage investments in blockchain and Web3 technologies, particularly in B2B sectors. The firm looks for strong founders with unique insights and the potential for disruptive technology.
How can I pitch to Struck Crypto?
Founders can pitch to Struck Crypto through their website at struckcapital.com. The firm maintains an open pitch policy and encourages entrepreneurs to reach out via email at ir@struckcapital.com.
What makes Struck Crypto different from other VCs?
Struck Crypto provides unusually deep operational support to its portfolio companies, functioning as an extension of the founding team. This includes access to proprietary hiring tools and strategic fundraising expertise.
What is the geographic focus of Struck Crypto?
Struck Crypto has a global investment perspective, with a particular emphasis on North America.
What is the typical check size for investments?
While specific check sizes are not disclosed, Struck Crypto invests primarily in pre-seed and seed stages, which typically involve smaller initial investments compared to later-stage funding.
What is the decision timeline for investments?
Struck Crypto operates on a rolling application cycle, and while specific response times are not disclosed, the firm is known for being actively engaged with its portfolio and potential investments.
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