ConsenSys Ventures Managing Partner Kavita Gupta Leaves the Firm

Noam Galai / TechCrunch / Flickr

Kavita Gupta, the managing partner of ConsenSys Ventures, the venture arm of ConsenSys originally bankrolled with $50 million by Joseph Lubin, has reportedly left the firm. Gupta was tagged to lead the Ethereum-focused fund when it launched in 2017 and, over her tenure, has invested in startups ranging from BlockFi to Tenta Browser.

According to a report by The Block, Gupta made the decision to step down from the firm to pursue a 2-year teaching position at Stanford while remaining on as an advisor to the company and a board member at several of the startups ConsenSys has invested in.

“I will remain at ConsenSys as an advisor to various projects and will continue to help existing portfolio companies at Ventures and Tachyon to help them scale to the next level,” she told The Block. “I’m also making myself available to brainstorm great ideas with anyone in the mesh [and] will be open to connecting them to others in her network. I truly believe in the mission and vision of Joe [Lubin] and will always be open to help expand that.”

Gupta’s departure comes as ConsenSys is attempting to raise $200 million to continue its operations.

ConsenSys Labs Managing Partner Shawn Cheng told CoinDesk that the firm is reorganizing its structure, unifying ConsenSys Ventures with the rest of the company. While it’s no longer particularly important, Cheng notes that the majority of the investments people associate with ConsenSys (MetaMask, Infura, AirSwap, etc.) came through the ConsenSys Labs arm.

ConsenSys Labs’ portfolio can be viewed here, and the venture arm’s portfolio is available on Crunchbase. ConsenSys also recently revealed the 21 startups and projects its invested in since the start of 2019, including major names like ErisX.

More: Founding partner Kavita Gupta is stepping down from ConsenSys Ventures
Image: Noam Galai / TechCrunch / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Coinbase Now Has 7 Million Funded Accounts

San Francisco-based cryptocurrency giant¬†Coinbase¬†reportedly has around 7 million accounts that are funded with either fiat or cryptocurrency. According…