Former BitGo employee helps start Andreessen Horowitz’s $ 2.2 billion crypto fund

Venture capital firm Andreessen Horowitz will promote a former digital asset infrastructure provider BitGo to help manage its $ 2.2 billion crypto fund.

According to Katie Haun, General partner of Andreessen Horowitz, Arianna Simpson will join her and the partners Chris Dixon, Ali Yahya for the launch of the USD 2.2 billion venture capital fund, “Crypto Fund III”. Simpson has been General Partner of the company for over a year and is being promoted to the position of Deal Partner to help the fund finance cryptocurrency networks and devices that contribute to the decentralized economy.

Haun, who allegedly first contacted Simpson via a direct message on Twitter, quoted the former BitGo employee’s ability to articulate cryptocurrency ideas “in a digestible way”, as well as his commitment to the values ​​of the ecosystem as positive aspects in his contribution to the fund. Simpson was part of Andreessen Horowitz when the company led several high-profile fundraisers for cryptocurrency and blockchain companies, including the $ 40 million for Talos. collected Yes the $ 9 million for the wallet provider Phantom.

Former BitGo employee helps start Andreessen Horowitz’s $ 2.2 billion crypto fund
Former BitGo employee helps start Andreessen Horowitz’s $ 2.2 billion crypto fund

Simpson, a former BitGo account specialist who was once part of Facebook’s global marketing solutions team, has over 7 years experience in the cryptocurrency universe and helped start the company from Crystal Towers’ venture capital in 2015, which focuses on investing in cryptocurrencies and digital assets. His promotion comes after Andreessen Horowitz announced last month that he would have the. has set Former US SEC Director Bill Hinman and other people joining your team.

Andreessen Horowitz’s $ 2.2 billion crypto fund is based on his Crypto fund II, an initiative started in August 2020. The company has announced that this new company will enable “Find the next generation of visionary founders and invest in the most exciting areas of the cryptocurrency world.”

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