“A fundamental and thesis-driven investment firm backing DePIN, data, DeFi, infrastructure, RWA, AI and DeSci across a chain-agnostic set of ecosystems, spanning Cosmos/IBC, Ethereum L2s and DePIN networks.”
Modular Capital describes itself as a fundamental and thesis-driven firm, and the site backs that up with an unusually structured self-disclosure: a venture portfolio page listing all 28 companies invested between 2022 and 2024, each tagged with the fund's own category (DeFi, Infra, DePin, AI, RWA, DeSci, Data) and stage (Pre-Seed, Seed, Series A).
The portfolio skews toward infrastructure and DePIN. Notable names include Andrena (DePIN broadband, Series A), Centrifuge (RWA, Series A), Stride (Cosmos IBC liquid staking infrastructure, Series A) and Superstate (RWA, Series A) at the more mature end, alongside a larger group of Pre-Seed and Seed positions across DePIN hardware networks (Geodnet, Petastic, Skytrade, WiFi Map, 3DOS), DeFi (Avantis, Definitive, GammaSwap, Goldlink, StackingDAO, Silo), and AI (FedML, Hyperbolic).
The fund has no public application form. It reaches founders and is reached by founders through published long-form writing, on modular blockchain stacks, DePIN capital formation and RWA, and through direct outreach on X. There is no named team page confirmed in this session, so the practical path in is pitching into a specific thesis the fund has already published rather than a generic cold pitch.
Key stats:
Individual named partners were not confirmed on the fund's public site in this session. The fund's public voice is its X account and its long-form writing.
| Contact point | Detail |
|---|---|
| X | @Modular_Capital |
| Newsletter/writing | Published on modularcapital.xyz |