Former BitGo Employees Will Launch Andreessen Horowitz’s $2.2 Billion Crypto Fund

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2021-07-19 17:11:42

Major venture capital firm Andreessen Horowitz will promote a former employee of digital asset infrastructure provider BitGo to help run a $2.2 billion crypto fund.

Former BitGo Employees Will Launch Andreessen Horowitz’s $2.2 Billion Crypto Fund

According to Katie Haun, general partner of Andreessen Horowitz, Arianna Simpson will join partners Chris Dixon, Ali Yahya and Haun to launch the company’s $2.2 billion venture fund, Crypto Fund III. Ms. Simpson has been a general partner of the company for over a year and will be promoted to an agreement partner to support the fund to fund cryptocurrency networks and groups contributing to the non-economy. concentrate.

Mr. Haun, who is said to have first connected with Simpson through a direct message on Twitter, cited the former BitGo employee’s ability to present crypto ideas “in a way that is easy to understand.” as well as her commitment to ecosystem values ​​and positive contributions to the foundation . Simpson was part of Andreessen Horowitz as the company led a number of high-profile increases for crypto and blockchain companies, including $40 million raised for Talos and $9 million for wallet provider Phantom.

Ms. Simpson, a former account specialist at BitGo and a member of Facebook’s global marketing solutions team, has been involved in the crypto space for over 7 years and helped found the venture capital firm Crystal. Towers in 2015 – the company focuses on investing in cryptocurrency and digital assets. Her promotion comes after Andreessen Horowitz announced last month that it had recruited former SEC director Bill Hinman and others to join its team.

Andreessen Horowitz’s $2.2 billion crypto fund builds on the company’s previously launched Crypto Fund II, an initiative that began in August 2020. The company said the new joint venture will allow “find the next generation of visionary crypto founders and invest in the coolest things in crypto.”

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