Ga^3in VC is a venture capital firm operating under Rule 506(c). This site is intended for accredited investors only.

The information on this website relates to venture capital investment opportunities offered as private securities, and is intended solely for accredited investors as defined under SEC Rule 501(a). It does not constitute an offer to sell or a solicitation to buy any security.

By proceeding as an investor you confirm you are an accredited investor under SEC Rule 501(a). This site is for informational purposes only and does not constitute an offer to sell or solicitation to buy any security. All investments involve risk including total loss of principal.

Venture Capital · New York

Venture capital.
Deal by deal.
Pre-seed to
pre-IPO.

A venture capital firm investing at two inflection points: the earliest stages of category-defining companies, and the final mile before they go public — both with structural downside protection built in.

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Our Strategy

Two strategies.
One venture firm.
Deal by deal.

Direct venture capital investments at pre-seed through early Series A, and structured secondary positions in Tier-1 backed companies before their IPO.

Primary — venture capital. Direct equity in exceptional founders building AI, robotics, and frontier technology. We invest when conviction is highest.

Secondary — venture secondary. Structured positions in late-stage companies backed by Sequoia, a16z, Khosla, and Tier-1 equivalents — purchased at a discount to the last institutional round. Fundamental risk is resolved. We capture the timing arbitrage before public recognition.

Both strategies execute deal-by-deal through discrete Delaware SPVs. No blind pool. Full economics disclosed per investment.

Our structural advantage Discount
to last round

Every deal we structure enters below the previous institutional mark — the margin of safety that defines the risk profile for LPs.

Proven exit — Circle Internet Group Multiple
DPI returned

Sub-12-month hold. Significant premium to entry. Full details available in the Circle case study — contact us to request it.

Defined horizon 12–36
month horizon

Each SPV targets a specific IPO, M&A, or secondary exit event. No open-ended blind pools.


Investment Thesis

Venture capital,
structured for protection.

We invest directly from day one and access the best late-stage companies through secondary purchases at a discount to the last institutional round. Venture capital structured to protect downside from inception to IPO.

01
Discount to Last Round
Entry below the last institutional mark. We do not invest at or above last-round valuations. The discount is structural, not negotiated at close.
02
Positive Momentum Filter
Discount alone is not enough. We require accelerating revenue, user growth, or a clear catalytic event — IPO filing, strategic partnership, or M&A signal.
03
Deal-by-Deal Venture Structure
No blind pool. Each investment — primary or secondary — is a discrete Delaware SPV with disclosed economics. LPs participate per deal, with full visibility into terms and structure.
04
Tier-1 Institutional Backing Filter
We only access companies with Tier-1 institutional backing — Sequoia, a16z, Khosla, Google Ventures, or equivalent. Their underwriting validates the fundamental risk. Our discount to their mark captures the remaining timing arbitrage.

Active Investments

Current portfolio positions.

Specific entry prices, terms, and minimums are disclosed exclusively in investment one-pagers, available to accredited investors on request. The companies below represent our current active portfolio positions.

Request one-pagers →
Discord
Consumer · Communications

One of the world's leading community platforms. Late-stage secondary opportunity with a defined IPO horizon. Significant structural discount to the last institutional funding round.

Closing Imminently
Request One-Pager
Anthropic
Artificial Intelligence · Infrastructure

The company behind Claude. One of the most important AI safety and foundation model companies globally. Large allocation available via double-layer SPV structure.

Request One-Pager
SpaceX
Space · Defense · Infrastructure

The world's dominant private space company. Pre-IPO secondary access to one of the most valuable private companies in history. Minimum commitment applies — contact us for details.

Request One-Pager
Perplexity
Artificial Intelligence · Search

AI-native search replacing legacy web discovery. Rapidly growing revenue base and expanding consumer and enterprise distribution across global markets.

Active
Request One-Pager
ConsenSys
Web3 · Ethereum Infrastructure

The foundational Ethereum infrastructure company. Home of MetaMask and Infura. Direct cap table access via Spinnaker SPV. 2026 IPO target.

2026 IPO Target
Request One-Pager
Lambda
GPU Cloud · AI Compute

The leading GPU cloud provider for AI workloads. Secondary purchase below Forge market pricing. AI infrastructure thesis with strong institutional backing.

Active
Request One-Pager

Track Record

"The right entry price is not negotiated at close. It is a condition of participation."

Circle Internet Group was a late-stage venture co-investment entered at $24.96 per share, at a discount to the prior institutional round. The company was subsequently acquired at $83.78 per share.

The position returned 2.9× DPI and approximately 182% annualized IRR within twelve months — a single-asset, fully disclosed co-investment vehicle with no blind pool and no style drift.

The deal exemplifies the thesis: Tier-1 institutional validation (Circle had JPMC, BlackRock, Fidelity as investors), structural discount to last round, defined liquidity event. The same criteria apply to every deal we bring today.

Realized Exit · 2024
Circle Internet Group
Fintech · Stablecoin · USDC issuer. Pre-IPO secondary position held for under twelve months, exited at a significant premium to entry.
StrategyLate-Stage Venture Co-investment
EntryDiscount to last institutional round
Hold PeriodUnder 12 months
Entry Price$24.96 / share
Exit Price$83.78 / share
DPI2.9×
Annualized IRR~182%

Portfolio

Companies we've backed or are backing.

Our primary activity is pre-IPO secondary. We also make selective early-stage investments in AI, robotics, and frontier technology through the Ga^3in VC Early program. Early-stage portfolio logos coming soon.

Late-Stage & Pre-IPO Positions
Circle
Fintech / Stablecoin
✓ Exited
Anthropic
AI Infrastructure
Active SPV
Discord
Consumer / Comms
Closing Now
SpaceX
Space / Defense
Active SPV
Perplexity
AI Search
Active SPV
ConsenSys
Web3 / Ethereum
IPO 2026
Lambda
GPU Cloud
Active SPV
Figure AI
Robotics
Pipeline
More
Undisclosed
Venture Capital Portfolio

Selective pre-seed and seed investments in AI, robotics, and frontier technology via the Ga^3in Early program. Logos coming soon.

Reveel
Reveel
Pre-Seed
Zkalyx
Zkalyx
Pre-Seed
Alterim
Alterim
Pre-Seed
Your company
Pitch Us

LP Structure

Deal-by-deal LP access.

Ga^3in VC offers structured LP access across four membership tiers. Each tier determines allocation priority and fee structure. Full terms disclosed upon inquiry.

Open
Standard

Entry-level access for first-time or occasional investors. Deal-by-deal participation, allocated after member tiers.

  • Deal-by-deal co-investment access
  • Allocated after members
  • No annual commitment
Popular
Core LP

Annual LP membership with priority allocation, reduced investment fees, and lower minimums per investment.

  • Priority allocation
  • Early access to selected deals
  • Lower minimum per SPV
  • Event access
Preferred
Lead LP

72-hour early access to all deals. Ability to signal anchor demand before general syndication. Enhanced allocation in oversubscribed SPVs.

  • 72-hour early access
  • Anchor demand signaling
  • Enhanced allocation
  • LP Dinner + Summit access
Invite Only
Anchor LP

First look at all deals before syndication. Direct coordination on structure, timing, and sizing. Anchor allocations available.

  • First look before syndication
  • Direct structure coordination
  • All events + TGE Summit
  • Early-stage co-invest access

Flagship Conference · Ga^3in VC

TGE Summit

tgesummit.com

The premier gathering at the intersection of token generation events, private markets, and frontier technology. Where founders, institutional capital, and operators converge before the public markets do.

Founders & Operators
Pre-IPO and pre-TGE companies presenting to qualified capital before public market access.
Institutional Capital
Family offices, VC funds, HNW LPs, and broker-dealers with active private market mandates.
Deal Flow Sessions
Structured matchmaking between deal sponsors and LPs. Sessions designed to close, not to present.

Events

Deals are made in rooms.

We convene founders, LPs, and co-investors at intimate, high-signal gatherings. Formats range from private LP dinners to the full TGE Summit conference. No panels for their own sake.

Request Invitation → View Events Calendar →
Q2
2026
LP Dinner — New York City
Intimate seated dinner for active and prospective LPs. Deal flow review and direct Q&A. 20 guests maximum.
LP Gathering RSVP →
Q2
2026
Founder Pitch Day — AI & Robotics
Curated showcase of pre-seed and seed-stage founders. Open to Lead and Anchor LP members who may co-invest.
Founder Pitches RSVP →
Q3
2026
TGE Summit 2026
Our flagship annual conference. Full day with evening reception. See tgesummit.com for full programme.
Flagship Conference RSVP →
Q4
2026
Annual LP Summit — New York
Portfolio review, market outlook, co-investor introductions. Anchor and Lead LPs only.
Annual Summit RSVP →
LP Dinners
Private, seated. 15–25 investors. Direct deal discussion, no slides.
Founder Pitches
Curated pre-seed / seed pitches. LPs get first look at early opportunities.
Deal Briefings
Virtual or in-person SPV deep dives. Valuation, risk, and Q&A before close.
Co-Investor Summits
Family offices, broker-dealers, and distribution partners in one room.
TGE Summit
Our flagship owned conference at the intersection of private markets and frontier tech.

For Founders

Building in AI, robotics,
or frontier tech?
Pitch to us.

We back exceptional founders at pre-seed, seed, and early Series A — and bring more than capital. LP network introductions, co-investor access, and hands-on capital formation support.

Visit gain.ventures/founders → Pitch directly →
Capital via SPV
Direct investment from pre-seed through early Series A.
LP Network
Introductions to HNW individuals, family offices, and institutional LPs.
Capital Formation
Strategy, narrative, investor targeting, and outreach support.
TGE Summit
Speaking and showcase slots at our flagship annual conference.

How It Works

From sourcing to your portfolio.

01
Sourcing
Network, founders, secondary desks
02
Diligence
Valuation, momentum, risk analysis
03
Anchor Signal
Lead & Anchor LPs get first look
04
LP Launch
Investment opens by tier priority
05
Allocation
Anchor → Lead → LP Member → Standard
06
SPV Close
Co-investment vehicle formed, capital deployed
07
Liquidity
IPO, M&A, or secondary exit

Focus Sectors

Where we concentrate.

Artificial Intelligence
Foundation models, inference infrastructure, AI-native SaaS. The defining platform of this decade.
Robotics
Autonomous systems, physical AI, humanoid platforms transitioning from R&D to commercial deployment.
Frontier Tech
Space infrastructure, advanced manufacturing, and next-generation compute architectures.
Critical Infrastructure
Financial rails, cybersecurity, energy, and the communications backbone of the digital economy.

Press & Media

Coverage & recognition.

We are building our public profile. Press coverage and media mentions will be listed here as they are published. If you are a journalist covering private markets, pre-IPO secondaries, or frontier technology, we welcome the conversation.

Press Inquiries

Contact Sergey Khusnetdinov at


Distribution Network

Global LP and co-investment network.

We work with distribution partners and scouts across North America, Europe, and Asia-Pacific who introduce qualified LPs and co-investors to our deal flow.

Distribution · US
DSM Capital
Jorge Lepra
United States
Distribution · US
Emerson Equity
Maira Fernandes
United States
Quant · Europe
Artellium
Paul / Bernhard Breloer
Nuremberg, Germany
Distribution · Asia-Pacific
Japan / UAE Network
Mimi
Japan · UAE
LP + Scout · Asia
Hong Kong Office
Jing Ding / Jane
Hong Kong
Partner Firm
Garda Ventures
Nadya Husnetdinova
Partner vehicle

Research & Intelligence

Private markets intelligence, delivered.

Proprietary research on secondary market conditions, pre-IPO valuations, and frontier technology sector analysis. Available to members and newsletter subscribers.

Pre-IPO Secondary Market MonitorMonthly
Deal Flow & SPV BriefingPer-deal
AI & Robotics Sector ReportQuarterly
TGE & Token Market AnalysisQuarterly
Anchor LP Portfolio UpdateQuarterly

Subscribe for deal alerts, market analysis, and event invitations. Accredited investors and qualified professionals only.


Managing Partner

Sergey
Khusnetdinov

Sergey is the founder and Managing Partner of Ga^3in VC, a New York-based venture capital firm investing across early-stage and late-stage pre-IPO positions in frontier technology companies.

Sergey spent the first decade of his career inside enterprise technology. From 2007 to 2013 — concurrently with completing his MBA at Duke University's Fuqua School of Business through the cross-continent program — he held senior roles at SAP, where he managed growth investments, established a 130-person R&D laboratory in Russia's technology corridor, and repositioned the firm's commercial operations during the 2008 financial crisis, restructuring client and partner agreements to defend revenue under acute economic stress. He then joined Microsoft, where from 2013 to 2016 he defined cloud strategy for the Russian market and managed technology investments — giving him an operator-level view of how large-scale capital allocation decisions are made inside Tier-1 technology companies.

From there he moved into building. He served in C-level roles at an ML platform company, then founded and raised venture capital for a healthcare machine learning company backed by Microsoft and a leading technology fund. He went on to serve as COO at a manufacturing intelligence vendor selling into metals, defense, discrete manufacturing, and utilities. He then structured a digital asset index fund, before taking on the role of COO at an IoT platform for oil & gas, railroads, energy, and metals & mining — the world's second-largest platform of its kind behind GE Transportation. In that role, he sold ChelPipe, one of Russia's largest pipe manufacturers, on a multimillion-dollar smart pipe program: a concept that would transform a traditional industrial producer into a high-tech operator of connected infrastructure. Across these roles he developed a ground-level understanding of where frontier technology creates durable value in industrial contexts — the kind of knowledge that comes from operating inside these systems, not from observing them.

Sergey transitioned into investment management directly. In 2020–2021 he served as Entrepreneur in Residence at a major technology accelerator, mentoring over 100 early-stage companies. He then spent three years as CEO of US operations at a digital finance company, where he built and managed both institutional and retail investment products and established a hedge fund vehicle and a venture fund. He has organized over 100 DukeGen events across the globe. He is a Professor of Entrepreneurship at SKEMA Business School, and served as Advisor and Venture Partner at Taisu Ventures in 2024–2025. He founded Ga^3in VC in 2023, and is the founder of TGE Summit, an annual conference at the intersection of private markets and frontier technology.

Sergey Khusnetdinov — Managing Partner, Ga^3in VC
EducationDuke University, Fuqua MBA
TeachingProfessor of Entrepreneurship, SKEMA
LocationNew York City
ConferenceFounder, TGE Summit

About Ga^3in VC

Ga^3in VC is the venture capital firm of Ga^3in Ventures LLC — investing in early-stage companies and late-stage pre-IPO positions in venture-backed technology companies.

The firm invests through dedicated single-deal co-investment vehicles (SPVs), giving LPs direct exposure to individual portfolio companies with full transparency on economics, structure, and terms. No blind pool. Each investment is a discrete decision.

Ga^3in Ventures LLC operates as an Exempt Reporting Adviser (ERA) under the Investment Advisers Act of 1940, relying on the exemptions available under Section 203(l) and/or Section 203(m). As an ERA, the firm files a truncated Form ADV (Part 1A) with the SEC or the Washington State Department of Financial Institutions, as applicable. Each SPV offering is made pursuant to Rule 506(c) of Regulation D under the Securities Act of 1933. A Form D is filed with the SEC within 15 days of the first sale in each SPV, and applicable state blue sky notice filings are made in each investor's state of residence. General solicitation is permitted under 506(c) but all investors must be independently verified as accredited prior to investment — self-certification alone is not sufficient.

Legal EntityGa^3in Ventures LLC
RegistrationWashington State
Adviser StatusExempt Reporting Adviser (ERA)
Offering ExemptionReg D Rule 506(c)
SPV JurisdictionDelaware
HeadquartersNew York City
Managing PartnerSergey Khusnetdinov
StrategyVenture Capital · Early Stage & Late Stage
StructureCo-investment SPVs (deal-by-deal)
Owned Conferencetgesummit.com

Get Access

Request a deal one-pager or LP onboarding.

We respond to qualified inquiries within 24 hours. Deal terms, pricing, and minimums are shared exclusively via one-pager with accredited investors.

Email
Conferencetgesummit.com
CoverageUS · Europe · Asia-Pacific