Crypto News

Former BitGo employee will help deploy Andreessen Horowitz’s $2.2B crypto fund

Main enterprise capital agency Andreessen Horowitz shall be selling a former worker of digital asset infrastructure supplier BitGo to help in operating its $2.2 billion crypto fund.

Based on Andreessen Horowitz normal associate Katie Haun, Arianna Simpson shall be becoming a member of companions Chris Dixon, Ali Yahya, and Haun for the launch of the agency’s $2.2 billion enterprise fund, Crypto Fund III. Simpson has been a normal associate on the firm for greater than a 12 months, and shall be promoted to the place of deal associate to help the fund aimed toward financing cryptocurrency networks and groups contributing to the decentralized financial system.

Haun, who reportedly first linked with Simpson by a direct message on Twitter, cited the previous BitGo worker’s capacity to articulate crypto concepts “in a digestible means” in addition to her dedication to the values of the ecosystem as positives in her contribution to the fund. Simpson has been part of Andreessen Horowitz because the agency led a number of high-profile raises for crypto and blockchain companies, together with the $40 million raised for Talos and $9 million for pockets supplier Phantom.

Simpson, a former account specialist at BitGo and as soon as a part of Fb’s world advertising and marketing options staff, has been concerned within the crypto area for greater than seven years and helped launch enterprise capital agency Crystal Towers in 2015 — the corporate focuses on investments in cryptocurrencies and digital property. Her promotion comes following Andreessen Horowitz asserting final month it had recruited former SEC director Invoice Hinman and others to affix its staff.

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Andreessen Horowitz’s $2.2 billion crypto fund builds upon the agency’s beforehand launched Crypto Fund II, an initiative began in August 2020. The corporate has mentioned the brand new enterprise will permit it “to search out the following technology of visionary crypto founders, and spend money on probably the most thrilling areas of crypto.”