Sam Rosenblum, a co-founder of Polychain Capital and a former Coinbase employee, has joined the newly formed crypto investment firm KRH Partners as a new partner.
After leaving a16z, where Kathryn Haun worked as a partner for its crypto investing business, founded KRH Partners at the start of this year. According to a source who spoke to The Block last month, the fund secured a16z as a limited partner, and the two firms would likely continue to interact.
On Twitter today, Rosenblum revealed his shift to KRH Partners. Rosenblum was previously a general partner at Polychain Capital and the director of business development at Coinbase. He joins as a deal-team lead and a partner. The firm intends to manage two funds, one with a $300 million target for early-stage investments and the other with a $600 million target for larger enterprises and token projects. The firm has already invested in the $300 million Series C round of non-fungible token platform OpenSea.
According to Rosenblum, the firm plans to focus on initiatives centred on infrastructure for scaling and addressing new industries that could be ports of entry for crypto in order to reach that one-billion-dollar goal.
