Multicoin Capital names Vinny Lingham as new general partner

Cryptofund Multicoin Capital has named Vinny Lingham as a general partner, following the recent launch of its vehicle.

The firm is expecting to close its fund on $100m by the end of Q1 2017, and is currently seeking to hire analysts, expert research associates, developers, and data scientists.

Lingham is the co-founder and CEO of decentralized identity platform Civic. The company operates on blockchain technology and recently completed a $33m token sale. Lingham is also a co-founder of South Africa-based NGO Silicon Cape.

Multicoin is a cryptofund dedicated to backing tokens, after researching blockchain protocols, teams, and market opportunities to decide on the best opportunities.

Multicoin general partner, Vinny Langham said, “The pace of innovation around blockchain technologies is accelerating rapidly. Investing responsibly in crypto requires a lot of time, research, and nuance; you need a team of dedicated experts to react to new breakthroughs, keep up with the latest projects, and actively manage your portfolio.”

This is the firm’s second hiring this year, with the Multicoin Capital recently naming Brian Smith as its new chief financial officer. Prior to Multicoin, Smith served as the vice president of finance at Bazaarvoice, where across three years he helped with the private placement, IPO, follow-on offering and two acquisitions.

Last month, TechCrunch founder Mike Arrington launched a $100m cryptocurrency hedge fund, Arrington XRP Capital. So far, the vehicle has raised up to $50m, and is looking to make its initial investments in the coming weeks.

Copyright © 2017 FinTech Global

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