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.
I guess @TheBlock__ announced it for me https://t.co/kAb9vH1gej
very thankful to @ethereumJoseph @ConsenSys for giving me an adventurous opportunity -so proud to create @ConsenSysVC @ConsenSysIndia #Tachyon looking fwd to continue to advise our portfolio & teach at @Stanford
— Kavita Gupta (@KavitaGupta19) May 6, 2019
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.
Image: Noam Galai / TechCrunch / Flickr
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