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Initial Capital

Location on request · Invests in UK; US · Website

SeedConsumer Apps & SocialGamingDeveloper ToolsFintechFintech & PaymentsDeveloper Tools & Infrastructure

Thesis

Bitcoin is the TCP/IP for real-time value transport on the Internet. We invest in seed-stage teams building the next generation of games, consumer products, and infrastructure on Bitcoin.

Likely not a fit for

No speculative token projects, no projects without genuine Bitcoin integration, no venture-style fund structures

How they invest

Lead or follow
Usually leads
Fund status
Actively deploying
Decision process
Partnership vote

Partners & team

1 contact on file

KL

Ken Lamb

Partner · Primary contact

+ Pitch

Portfolio

THNDR GamesGaming

THNDR Games offers a platform where users can play games and win Bitcoin. The games combine competitive play with real cash prizes, utilizing the Lightning Network for transactions.

ZebedeeGaming

Zebedee is a platform that enables gaming developers to integrate real-money rewards and Bitcoin payments into their games, enhancing player engagement and monetization.

AlbyFintech Payments

Alby provides a suite of Bitcoin Lightning wallets and tools designed for seamless payments across various applications and platforms, emphasizing self-custody and user control over funds.

BipaFintech Payments

Bipa is a digital account service that allows users to buy Bitcoin and USDT with Pix, offering features like zero fees for recurring purchases, cashback in Bitcoin, and a complete digital account for transactions.

JoltzFintech Payments

Joltz makes it easy to move assets like USDT, USDC, & wBTC natively onto Bitcoin. Seamlessly bridge, send/receive, swap, and self custody Bitcoin or USDB on Spark. Earn USDB rewards when you hold USDB in your wallet.

BringinFintech Payments

Bringin is a Bitcoin company on a mission to make it easy for people to buy goods and services with their Bitcoin, providing a seamless way to convert Bitcoin to Euros without losing custody of their funds.

Sanlo

Sanlo provides a multi-platform payments and monetization solution specifically designed for game developers. Their tools enable seamless integration of web shops and payment systems, allowing gaming companies to enhance revenue while maintaining control over their player relationships.

FlashFintech Payments

Flash is the easiest way for companies to accept payments in Bitcoin. Immediate transactions, minimal fees, set-up in 1 minute.

PayPerQEnterprise Software

PayPerQ is a pay-per-prompt AI service that provides instant access to a wide range of AI models for text, image, and video generation without the need for subscriptions or registration.

Saf.moneyFintech Payments

A service that allows users to open a virtual U.S. bank account and link it to local bank accounts in Mexico or Guatemala, facilitating ACH or wire transfers.

CowlabsFintech Payments

Cowlabs enables everyday users to explore Bitcoin and USDT through fun, low-friction products, breaking down barriers to entry in cryptocurrency.

PnkfrgEnterprise Software

Pnkfrg is a company whose services are accessible only via the PLA!GO mobile app, with availability varying by country or region.

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Research briefRead more
Initial Capital Research Investment Thesis Initial Capital is an early-stage venture capital fund focused exclusively on the Bitcoin ecosystem. The fund is not structured as a traditional VC vehicle but rather as a collective of serial entrepreneurs who deploy their own capital. Their core thesis centers on Bitcoin as "the TCP/IP for real-time value transport on the Internet." They actively partne

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