TechFlow news, November 25 — According to Fortune, a company named Metalayer has filed documents with the U.S. Securities and Exchange Commission (SEC) to launch a $25 million investment fund. The co-founders of Metalayer are three veterans from Two Sigma Ventures, the venture capital arm of Two Sigma, a secretive New York-based investment firm. Sources said Metalayer completed its first close last Friday, securing $20 million in committed capital, and plans to reach full fundraising by year-end.
Initial funding for Metalayer came from some executives at Two Sigma Ventures, though the two firms will not have any formal relationship, according to sources. Two Sigma is best known for its hedge fund, which manages around $60 billion in assets. Metalayer also raised funds from other backers, including family offices and executives from various crypto protocols.
LinkedIn profiles show that Andy Kangpan, one of Metalayer’s founders, served as Head of Digital Assets at Two Sigma Ventures until August 2024. Mickey Graham was a Vice President at Two Sigma Ventures before joining blockchain project Chainlink in 2021. David Winton left in 2021 after serving as a Vice President Software Engineer and later joined the research team at Greenoaks, a large venture firm based in San Francisco. Neither Metalayer nor Two Sigma Ventures responded to requests for comment.
