RATE Group | Marc Andreessen And Chris Dixon Back New Cryptocurrency Investment Firm
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Marc Andreessen And Chris Dixon Back New Cryptocurrency Investment Firm

31 Jul Marc Andreessen And Chris Dixon Back New Cryptocurrency Investment Firm

Posted at 22:10h in Cryptocurrency News by

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Jordan Clifford and Linda Xie are cofounders of new crypto investment firm Scalar Capital.

Jordan Clifford and Linda Xie are cofounders of new crypto investment firm Scalar Capital.Photo credit: Scalar Capital

Cryptocurrency investment firm Scalar Capital has raised money from new, high-profile investors, including Marc Andreessen and Chris Dixon. After pulling in $8 million in January, the new inflow brings Scalar’s total assets to more than $20 million, according to a person familiar with the matter. Bain Capital Ventures, Coinbase cofounders Brian Armstrong and Fred Ehrsam, and angel investor Elad Gil also invested.

Scalar cofounder Linda Xie, 26, has been passionate about investing since college, when she was president of the investment club at UC San Diego in 2011. After graduating, she worked in risk analysis at AIG for two years. Then she bought her first bitcoin and joined cryptocurrency exchange Coinbase to work on compliance, helping law enforcement catch cyber criminals by tracing bitcoin transactions.

She met her cofounder, Jordan Clifford, 33, at…

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