eGirl Capital

Member CL has recounted that in the second half of 2020, as markets recovered from the crash triggered by the COVID-19 pandemic, he made a meme in his cat persona joking about how absurd it would be for a group of anime fans to start a fund called “eGirl Capital” that invested alongside established venture firms; the members then started a group chat to talk about their lives, journeys and jokes, and the group grew from there.⁠[1][1]

In a 2022 interview, CL said the 14 members became friends over time and at first mainly shared life stories and investment tips; later one member registered eGirl Capital as a legal entity, which allowed the group to take part in deals together. Another account dates the group’s founding to 2019, by 14 people in a Telegram channel.⁠[2][2][2][3]

By March 2021, eGirl Capital had taken part in a $4.9 million funding round for the DeFi protocol Alchemix and had announced investments in Radicle and Unisocks. Member Scoopy Trooples, who was also a core team member at Alchemix, thanked eGirl Capital for quickly understanding the project and for funding Alchemix’s initial Sushi liquidity pool. The group had included a fund size in a Q&A document but later deleted it and declined to comment.⁠[4][4][4][4]

On March 26, 2021, the decentralized finance incubator and accelerator DeFi Alliance announced 11 new members, with eGirl Capital listed alongside Chainlink and Blockchain Capital. Investor Qiao Wang joked on X, “what timeline is this”; others in the industry questioned why projects would want to work with an organization staffed mostly by anonymous people.⁠[4][4][4][4][4]

In response, Eva Beylin, one of the group’s few publicly identified members and the director of The Graph Foundation, said crypto was started by an anonymous founder and that anonymous funds backing anonymous teams could bring back the privacy-preserving qualities the industry values. The group described itself as “not a VC” but a grassroots group of contributors supporting strong teams and visions, with members including engineers, business leaders, product managers, meme creators, technical analysts and investors, and said it was committed to supporting decentralized primitives for dapps and DeFi; members, however, gave inconsistent answers on whether the word “partner” implied a legal relationship or hierarchy and on whether the group counted as a traditional venture firm.⁠[4][4][4][4][4][4][4]

On The Block’s podcast The Scoop, CL said the group had no founder and no head trader and that, apart from a few interns, members were not paid; investment decisions had to be unanimous, and a single firm objection meant no deal. He said more venture firms and projects approached the group than members had expected, and the name carried more legitimacy than they had anticipated.⁠[2][2][2]

The NFT marketplace Blur announced an $11 million seed round led by Paradigm, with eGirl Capital participating alongside firms and individuals including Keyboard Monkey, LedgerStatusBrian KrogsgardBrian Krogsgard is an entrepreneur and investor based in Birmingham, Alabama. Known in crypto circles as Ledger or LedgerStatus, he co-hosts the podcast UpOnly with Cobie and co-founded the NFT platform Flip; earlier he founded and edited the WordPress industry news site Post Status.Open the full entry and 0xMaki0xMaki0xMaki is a pseudonymous cryptocurrency developer and angel investor who served as the de facto leader of the decentralized exchange SushiSwap from 2020 to 2021 and later helped develop Heroglyphs, a protocol that rewards Ethereum solo validators.Open the full entry.⁠[5][5]

Eva Beylin, one of three publicly identified members, said most members had never met one another and did not know one another’s real names. She said the group’s thesis was to back core infrastructure that might only become useful in the future, such as Ethereum layer-2 networks and DeFi primitives, with investments including the Ethereum staking protocol Lido, the open-storage project Arweave and the development team behind zkSync.⁠[3][3][3][3]

Members Degenspartan, Mewny and FJ co-wrote a post arguing that stablecoins were becoming the internet’s main trading asset and medium of exchange, but that existing on-chain infrastructure was still built for speculators, and that requiring users to hold a native token to pay “gas” was the biggest obstacle for payments. The post set out the case for investing in the dedicated stablecoin network Stable and concluded: “Tether won, but you will not own Tether equity. So own the rails built for distribution.”⁠[6][6][6][6][6][6]

The group’s website lists @CL207 and @Fjvdb7 as “managing cartoon characters” and lists @scupytrooples, @mewn21, @evabeylin, @hedgedhog7, @devops199fan, @DegenSpartan, @CryptoCatVC and @five5brown_eyes as “egirls” (members); it also lists legal adviser @MeatTC_, along with interns, partner streamers and a “pet,” @inversebrah.⁠[1][1][1][1][1][1]

As of October 2026, the portfolio page on the group’s website lists Radicle, Unisocks, Alchemix, Arbitrum, Connext, zkSync, Socket, Coordinape, Saddle, Gearbox, Blur, Fractional, Gem, Lido, Celestia, OhBabyGames, Blast, Monad and Stable.⁠[7]

The group publishes articles signed by members on its website, covering topics including market pricing, stablecoins, NFTs, options and DeFi. Since 2021 it has published members’ predictions for the year ahead at the start of each year; the 2021 edition had one section each from CL207, Mewn21, DegenSpartan, Loomdart, Fjvdb7, Hedgedhog7, Eva Beylin, BigMagicDAO, devops199fan and CryptoCatVC. Other posts include CL’s “Why Friend Tech is Great (Maybe the Best Ever Ponzi)” and “Scam & Shitcoin Super Cycle.”⁠[8][8][8][8][8][8][8][9][9][9][9][9][9][9][9][9][9][8][8]

eGirl Capital: Official website: https://www.egirlcapital.com/ (opens in a new window).⁠[10]

X: Public account: https://x.com/egirl_capital (opens in a new window)⁠[1]