Main enterprise capital agency Andreessen Horowitz will be selling a former employee of digital asset infrastructure supplier BitGo to help in working its $2.2 billion crypto fund.
In keeping with Andreessen Horowitz common accomplice Katie Haun, Arianna Simpson will 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 common accomplice on the firm for greater than a yr and will be promoted to the place of deal accomplice 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 way of a direct message on Twitter, cited the previous BitGo employee’s capacity to articulate crypto concepts “in a digestible way” 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 hasled a number of high-profile raises for crypto and blockchain corporations, 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 options staff, has been concerned within the crypto area for greater than seven years and helped launch enterprise capital agency Crystal Towers in 2015 — an organization that focuses on investments in cryptocurrencies and digital belongings. Her promotion comes following Andreessen Horowitz saying final month that it recruited former Securities and Change Fee 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 find the next generation of visionary crypto founders, and invest in the most exciting areas of crypto.”