About Spice Capital
Spice Capital is a venture capital firm founded in 2021. It is primarily based out of New York City, United States. As of Mar 2026, Spice Capital is an active investor, having invested in 23 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to High Tech and Enterprise Applications. Most recently it participated in the $***** Seed round of Hurray! Girl Beer Overall, Spice Capital portfolio has seen 2 acquisitions, namely Windsor. A lot of funds co-invest with Spice Capital, with names like Adam Ryan sharing a substantial percentage of its portfolio. Spice Capital has team of 3 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio Acquisitions
Deals in last 12 months
Spice Capital's List of Top Investments
Spice Capital has a portfolio of 23 companies. Their most notable investmentis in SymphonyTheir portfolio spans across United States, New Zealand, Singapore and 1 more locations. They have invested in Blockchain Technology, High Tech, Enterprise Applications and 9 other sectors, across stages such as Seed stage. Here is the list of top investments by Spice Capital:
1. beehiiv
Provider of SaaS and app based platform for newsletter creators. It is designed to help creators, publishers, and brands build, grow, and monetize newsletters and website content. It offers a seamless newsletter builder, no code website creation, and various growth and monetization tools including an ad network, referral program, and subscription management.
Key facts about beehiiv
- Founded Year: 2021
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $49.7M
- Employee Count: 10 as on Dec 31, 2022
- Investors: Sapphire Ventures, Adventure Fund and 31 Others
- Latest Funding Round: Series B, Apr 19, 2024, $*****
- Highlight: Editors' Pick
2. CyberConnect
Web3 social network platform. It enables developers to create social applications for users to own their digital identity, content, connections, and interactions.
Key facts about CyberConnect
- Founded Year: 2021
- Location: Palo Alto (United States)
- Stage: Series A
- Total Funding till date: $25M
- Employee Count: 502 as on Jan 05, 2026
- Investors: Draper Dragon, Multicoin Capital and 25 Others
- Latest Funding Round: Series A, Oct 25, 2023, $*****
3. Bonside
Provider of an online platform to businesses with investors. It provides users with a company that offers a platform to connect investors with businesses. It helps to raise funding for new and existing businesses.
Key facts about Bonside
- Founded Year: 2020
- Location: Chicago (United States)
- Stage: Seed
- Total Funding till date: $4.6M
- Employee Count: 15 as on Mar 31, 2026
- Investors: Floating Point, Paradox Capital and 7 Others
- Latest Funding Round: Venture Debt, Nov 13, 2025, $*****
- Highlight: Editors' Pick
Provider of filtered water refill stations at various public venues. The stations offer carbon-filtration, UV-stabilization, and chilled water. These stations aim to make water accessible while reducing plastic waste. The stations feature screens for advertising and provide data analytics on ad impressions.
Key facts about HOPE Hydration
- Location: St. Petersburg (United States)
- Stage: Series A
- Total Funding till date: $25M
- Employee Count: 21 as on Jan 31, 2026
- Investors: Boost VC, Spice Capital and 4 Others
- Latest Funding Round: Series A, Jul 16, 2025, $*****
5. FWB
Provider of social DAO. It offers solutions for crypto trading, NFT learning, music production, city channel, and more. It offers membership solutions that require users to hold FWB tokens. It operates as a close-knit group that collaborates both online on Discord and in real life to work on various projects, events, and products that cater to the community's needs.
Key facts about FWB
- Founded Year: 2020
- Location: Sacramento (United States)
- Stage: Seed
- Total Funding till date: $13M
- Employee Count: 25 as on Mar 31, 2026
- Investors: Spark Capital, Kindred Ventures and 5 Others
- Latest Funding Round: Seed, Jan 24, 2024, $*****
- Highlight: Editors' Pick
Spice Capital's Year-on-Year Investment Trends
Spice Capital has invested in 23 companies over the last 5 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Hurray! Girl Beer.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 2 | 0 | 2 |
2023 | 2 | 0 | 2 |
2022 | 1 | 0 | 1 |
2021 | 1 | 0 | 1 |
Spice Capital's Investments by Stage
Spice Capital has made 8 investments in Seed stage with an average round size of $3.03M.Spice Capital's Investments by Sector
Spice Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Blockchain - Industry Applications, Blockchain Technology and High Tech. Notably, it has invested in 19 Tech companies, 14 Enterprise (B2B) companies, 13 Software companies and at least 10 companies focusing on Blockchain.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
FinTech | 4 |
Blockchain - Industry Applications | 3 |
Blockchain Technology | 3 |
High Tech | 3 |
Others | 9 |
Note: We have considered here, only first round of investments
Spice Capital's Investments by Geography
Spice Capital has made most investments in United States (6), followed by New Zealand where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 6 |
New Zealand | 1 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Spice Capital's recent investments
Spice Capital has made 1 investments in 2026 so far - Hurray! Girl Beer.Here are the most recent investments by Spice Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 11, 2026 | United States | Seed | 1250 | ||
Aug 05, 2025 | New Zealand | Seed | 1854 | [+4] | |
2024 | United States | Seed | 1685 | [+1] | |
Mar 21, 2024 | Singapore | Seed | 2003 | [+7] | |
Aug 29, 2023 | United States | Seed | 7782 | [+1] |
Acquired companies in Spice Capital's Portfolio
2 companies from Spice Capital's portfolio have been acquired. The most recent acquisition were Utopia Labs in Nov 2024 by Coinbase.Here are Spice Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 13, 2024 | - | - | 7483 | |
Jan 24, 2024 | - | - | 1616 |
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Team profile of Spice Capital
Spice Capital has a team of 3 members including 1 Partner and 2 Principals located in France and United States. Spice Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Spice Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Principal | Paris | - | ||
Principal | Paris | - | - |
Co-investors of Spice Capital
Over the past 5 years, 73 investors have co-invested in Spice Capital's portfolio companies. This includes funds and angels.
- Invested before Spice Capital: Hugo Amsellem has invested before Spice Capital.
- Top Co-investors of Spice Capital: 54 investors entered a company along with Spice Capital. These include investors like Adam Ryan (1 company).
- Invested after Spice Capital: A total of 18 investors have invested in Spice Capital's portfolio after their investments. Top Investors include Creator Ventures (1 company), Blue Wire Capital (1 company) and Alex Lieberman (1 company).
Recent News related to Spice Capital
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Girl Beer Raises $5M in FundingFinSMEs•Mar 11, 2026•Spice Capital, Lakehouse Ventures, Hurray! Girl Beer
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Imprint Secures $1 Billion Valuation, Expands Beyond Credit After $150M Series D FundingPYMNTS.com•Dec 18, 2025•Via Vision Entertainment Pty Ltd, Booking.com, Imprint, Rakuten and 7 others
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HOPE Hydration secures $20M Series A for global expansion.Refresh Miami•Jul 16, 2025•HOPE Hydration, Pentair, Burnt Island, Boost VC and 1 other
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OpenPad AI Raises $2M To Transform Web3 Investments With Decentralized AI AnalyticsGlobeNewswire•Dec 02, 2024•OpenPad, Basics Capital, Protein, Spice Capital and 8 others
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stabble Raises $2.5M to Remold Solana’s DEX LandscapeAlexaBlockchain•Aug 05, 2024•Solana, MasterBlox, Dynamic Labs, Founder Heads and 3 others
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X21 Digital Leads $3 Million Seed Funding Round for Atomiq DeFiThenewscrypto•Apr 17, 2024•X21 Digital, Atomiq DeFi, Spice Capital, NxGen and 3 others
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GPUnet Raises $5.25 Million in Series-A roundACCESSWIRE•Apr 11, 2024•GPUNet, Momentum 6, Spice Capital, Exnetwork Capital and 5 others
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OpenStamp raises seed round led by Animoca Ventures and with participation from KuCoin Ventures and othersCNW•Mar 21, 2024•OpenStamp, Animoca Ventures, KuCoin, MH Ventures and 11 others
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AI-powered marketing platform SymphonyOS raises $1m from LVRN, Ethiopia Habtemariam and moreMBW•Aug 30, 2023•Symphony, Spice Capital, Gold House, LVRN and 1 other
