Multicoin Capital invested in Grass through hedge fund and venture fund

Multicoin Capital invested in Grass through hedge fund and venture fund

Grass ($GRASS) (@getgrass_io) · Grass (@grass)

$GRASS, solana (+hyperevm, ethereum): Grass7B4RdKfBCjTKgSqnXkqjwiGvQyFbuSCUJr3XXjs · DexScreener

Shayon Sengupta from Multicoin announced the investment on 29 September, the amount was not disclosed. The bet is that Grass will grow from a training data provider for AI into a live web reading layer for agents. Now $GRASS is trading around $0.72, capitalization around $505 million.

Facts

• Grass said in July: the business is profitable, forecast for 2026 around $65 to $75 million from training data, first LCR products for real time AI models promised from summer. [grass.io, 10 July 2026]

• Shayon Sengupta (Multicoin Capital) on 29 September 2026 announced an investment in Grass from the hedge fund and venture fund.

• Multicoin believes that the market sees Grass as a proxy network for AI pretraining, but has not priced real time data retrieval: this market, in their words, is orders of magnitude larger, because queries repeat constantly. [page at link, 29 September 2026]

• $GRASS around $0.7192 on DEX, per 24 hours +2.69%, volume per 24 hours around $4.28 million. [dexscreener]

• Capitalization of $GRASS around $505 million, FDV around $722 million. [geckoterminal.com]

Awaiting

• Whether Grass will launch Search API and Contents API soon and whether they will find paying customers.

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