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TechCrunch Founder’s Crypto Fund Expands with ByteSize Merger

| 29-Th3-2019

Blockchain-based digital asset management company Arrington XRP Capital, started by famous Silicon Valley blog TechCrunch’s founder Michael Arrington, has announced what it calls a merger with ByteSize Capital – an Australian research consortium and private crypto fund focused exclusively on early-stage blockchain startups.

Arrington made the news public on the Arrington XRP Capital website on March 27. As part of the merger, ByteSize’s co-founders Ninor and Ninos Mansor have joined Arrington XRP Capital as partners alongside Arrington XRP Capital’s own founding partners Heather Harde and Michael Arrington.

Arrington XRP Capital will also take on ByteSize’s proprietary investing suite – its set of tools for navigating the crypto markets, including systems for data ingestion and quantitative backtesting.

“We didn’t have the DNA to do trading, but now we do with these guys,” Arrington said.

According to CoinDesk, Capital’s acquisition of ByteSize was made possible after $30 million in fresh funds was injected by the company’s largest limited partners, enabling it to surpass its original target of raising $100 million.

“One thing that stood out to us as we discussed a merger was the fact that they’ve been working together for over a decade. Two tech booms give you scars and judgment that you just can’t replicate,” said Ninos Mansor.

With the acquisition, Arrington said this will allow Arrington XRP Capital to employ what he calls a “barbell approach” where early-stage venture is combined with a multi-strategy outlook towards liquid markets.

“We are seeing a new market,” he said. “It’s not 2017. It’s not 2018. Funds like ours will continue to find ways to make money in markets that are unpredictable.”

Earlier in January, Arrington XRP Capital also led a funding round for crypto portfolio manager and DEX aggregator Totle. Arrington said at the time that he believed the DEX-focused platform will be “an important part of the future of the blockchain economy [that] enables users and organizations to initiate reliable, non-custodial transactions.”

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