Former ConsenSys Strategy Chief Planning to Launch Aligned Capital Venture Fund


Sam Cassatt, the chief strategy officer at ConsenSys has indicated that he plans to step down from his post to concentrate on launching his venture fund. The venture fund referred to as Aligned Capital has already received backing from Joe Lubin, the ConsenSys founder. According to a statement from ConsenSys, the chief strategy officer will remain part of the company and will hold an advisory capacity.

TransTech Conference

On Friday, Cassatt was speaking at the TransTech conference held in San Francisco where he pointed out that his venture fund was interested in raising at least $50 million in its first round of funding.

According to a statement released by Cassatt, the venture fund is expected to primarily focus on new technologies such as artificial intelligence, blockchain, cryptocurrency, and healthcare. He added that the venture fund was “designed to anticipate civilization-scale, evolutionary changes in human behavior.”

Andrew Keys, managing partner at DARMA Capital, and another former executive at ConsenSys is also backing Aligned. It was, however, not disclosed the amount of money or capital that Keys and Lubin would be injected into the new venture fund.

While Aligned is a completely separate entity from ConsenSys, during a phone interview, Cassatt pointed out that he would continue to apply the same principles as those of his former employer.

He added that Aligned was still in its formative stages, but that it was looking into how it would tackle issues affecting society today such as mental health and the use of artificial intelligence in today’s digital age.

Nichol Bradford is expected to join Aligned Capital as an advisor. Nichol is currently an executive working with Transformative Tech Lab, which was responsible for organizing the event held in San Francisco on Friday. Nicholas Paul Brysiewicz has also been named as an advisor, with Seth Goldstein coming in as a venture partner.

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