According to Deep Tide TechFlow, on November 25, a company named Metalayer submitted documents to the U.S. Securities and Exchange Commission (SEC) to establish a $25 million investment fund. According to informed sources, the co-founders of Metalayer are three senior individuals from Two Sigma Ventures, which is the venture capital arm of the mysterious investment company Two Sigma based in New York. Sources say that Metalayer completed its initial fundraising last Friday, committing capital of $20 million, and plans to complete full fundraising by the end of the year.
According to sources, Metalayer's initial funding came from some executives at Two Sigma Ventures, but there will not be a formal relationship between the two companies. Two Sigma is known for its hedge fund, managing approximately $60 billion in assets. Metalayer also raised funds from other supporters, including family offices and other executives from cryptocurrency protocols.
According to LinkedIn profiles, one of the founders of Metalayer, Andy Kangpan, served as the head of digital assets at Two Sigma Ventures until August 2024. Mickey Graham was the vice president of Two Sigma Ventures until 2021, before joining the blockchain project Chainlink. David Winton left in 2021, having previously served as vice president of software engineering, and then joined the research team at the large venture capital firm Greenoaks based in San Francisco. Both Metalayer and Two Sigma Ventures declined to comment.