NEW
YORK, July 25, 2024 /PRNewswire/ -- CoinFund,
one of the world's longest-operating cryptonative investment firms
and a registered investment adviser, commemorates the firm's 9th
anniversary with the announcement of four strategic hires and the
launch of a new podcast, Mined with CoinFund.
EXPANDING THE TEAM
CoinFund proudly announces the addition of four subject matter
specialists to support an uptick in deal operations and the
long-term growth of the brand.
With the addition of New York
City-based Adriana
Armstrong as Executive Assistant, the firm broadens its
leadership support and employee and workplace experiences. Adriana
brings over 10 years of internal operations, office management, and
executive support to CoinFund, most recently working as a
consultant at Illuminate Ventures and New System Ventures.
In an effort to further strengthen its operational foundation,
CoinFund has bolstered its Finance team with the addition of
New Jersey-based Matt Manley as a Finance Operations
Associate. Prior to CoinFund, Manley was a Senior Accountant in
Withum's Emerging Technology group serving on the Digital Assets
and Blockchain team, and brings more than seven years of combined
audit and digital asset experience to the role from best in class
providers like Copper.co and KPMG.
CoinFund announces that Malaysia-based Walter Teng has joined CoinFund as an
Investor on the Liquid Investments team, deepening the firm's
connectivity in Asia. Prior to
CoinFund, Teng served as a liquid investor at MSA Novo, and spent
more than two years at FundStrat, most recently acting as Vice
President of Digital Asset Strategy where he focused on
DeFi and small cap strategies.
The firm has also continued to expand its commitment to
post-investment services, growing its Marketing team with the
addition of New York City-based
Cam Thompson. In her newly
created role as Content Manager for CoinFund, Thompson will amplify
the firm's storytelling via written and visual content. Most
recently she served as a Copywriter and Creator Liaison at Celo
Foundation and covered the trends of the crypto
industry as a web3 beat reporter for CoinDesk.
"CoinFund is a state of the art investment firm designed for the
next generation of the internet built on decentralization
technology and web3," commented Jake
Brukhman, Founder, CoinFund. "We owe our longevity to
constantly challenging ourselves to rethink what professional,
institutional-grade, and cryptonative partnership looks like
for today's entrepreneurs and LPs. We are growing our team across
all areas in anticipation of a critical, rapidly approaching moment
for blockchain: the dawn of regulatory normalization and early
institutional adoption. It has never been more important to
advocate for web3's core primitives of self-sovereign data,
stakeholder capitalism, open source, and decentralized
public goods."
THE CRYPTO CONSTANT
CoinFund champions the leaders of the new internet, powered by
foresight as active investors to achieve extraordinary outcomes.
Founded in 2015 at a Brooklyn
kitchen table by Highbridge Capital Management and Amazon alum
Jake Brukhman, and later joined by
co-founder and American Capital alum Alex
Felix, CoinFund is now supported by a world class
interdisciplinary global team of nearly 30 people with more than
100 investments across six investment vehicles.
Managing Partners Jake
Brukhman (focus areas currently include decentralization
technologies and infrastructure, AI x web3); Alex Felix (marketplaces, infrastructure,
financial services); Seth
Ginns (cross-vertical liquid investing); David Pakman (onchain IP, consumer,
infrastructure) and Chris
Perkins (financial convergence, tokenization, CeFi)
offer a unique blend of venture investment at pre-seed- through
Series B- stage deals and one of the oldest and largest liquid
crypto strategies in the world. Areas of expertise
across the investment team include ZK/ML/AI; DeFi;
Layer 2s; consumer services, gaming, NFTs and DAOs; infrastructure
including nodes, security, analytics, middleware, interoperability
and scalability; and growth strategies for token events and
emerging markets. The firm continues to seek talented investors;
applicants may visit the CoinFund job board for more
information on CoinFund and portfolio company roles.
In anticipation of improved market conditions, in July 2023 CoinFund announced the close of
$158 million (M) CoinFund Seed IV
Fund LP ("Seed IV"), backed by a combination of sophisticated
institutional investors, family offices, and high net worth
individuals. Seed IV exceeded its initial target fundraising goal
of $125M.
2024 investments announced to date include ether.fi liquid
restaking token provider; Prime
Intellect decentralized compute platform;
STON.fi, leading DEX on TON blockchain; Monad, Layer 1 built to
scale EVM; and Geodnet, world's largest Real-Time Kinematic (RTK)
network, driving location precision.
"In its ninth year, CoinFund continues to invest early in
emerging, foundational technologies before they become trends,"
commented Felix.
In 2023, CoinFund announced the launch of CESR™, the composite
ether staking rate, in partnership with CoinDesk Indices. In 2024,
CESR continued to achieve product market fit with the launch of
third party fixed vs. floating swaps, paving the way to build upon
the $500 trillion interest derivative
market. CoinFund has worked with forward-thinking partners to
integrate CESR into DeFi and is helping onboard global
institutions to integrate the benchmark into various asset
management, derivatives, futures, structured product, ETFs,
insurance and other financial products. The firm has also pledged a
portion of CESR income to Protocol Guild to support Protocol
Guild's membership of over 170 Ethereum Layer 1
R&D maintainers.
ON EVERYONE'S MINED
As a team of early stage investors and operators, CoinFund's
business is built on idea-spotting: catching a glimmer of one
intriguing idea that could become a market-shaping opportunity, and
challenging each other to find the less obvious edge that other
investors aren't seeing. Hosted by David
Pakman and Jake Brukhman with
regular appearances by the managing partners and investment team,
portfolio companies and friends of CoinFund, Mined with
CoinFund is the place for passionate advocates closest to
decentralization to break down the technology, powers and people in
crypto to tell us what we're missing as we look for
signs of progress on a path to freedom in a web3 world.
"Crypto, like most tech sub-sectors, is filled with
evidence of important innovation and adoption, but many of these
details get buried in the noise of social media and group-think
conference narratives," commented Pakman. "We wanted to explore a
central question: what should more people be talking about right
now? What's that kernel of truth that you think everyone has
missed?"
The show's first slate of guests include Ian Rogers, Chief Experience Officer at Ledger
and Marvin Ammori, net neutrality
advocate and most recently Chief Legal Officer at Uniswap Labs.
Mined with CoinFund launches the week of July 22, 2024; subscribe on YouTube, Spotify,
Apple Podcasts or any major podcast platform.
About CoinFund
CoinFund is one of the world's first cryptonative investment
firms and a registered investment adviser founded in 2015. The firm
champions the leaders of the new internet, powered by foresight as
active investors to achieve extraordinary outcomes. CoinFund
invests in seed, venture, and liquid opportunities within the
blockchain sector with a focus on digital assets, decentralization
technologies, and key enabling infrastructure. For more
information, visit www.coinfund.io, LinkedIn or join us on X.
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SOURCE CoinFund