Bitcoin-Focused VC Stillmark Hires Former Google X Engineer Vikash Singh

Singh joins the fund as principal investor as the firm looks to deploy capital to Bitcoin-related companies.

By Sam Reynolds

Mar 17, 2022 at 7:01 a.m. UTC

Updated Mar 17, 2022 at 2:58 p.m. UTC

Sam Reynolds

Follow @thesamreynolds on Twitter

Stillmark, a major investor in Lightning Network infrastructure providers Lightning Labs and Voltage, said Thursday it appointed former Google X engineer Vikash Singh as its principal investor.

Stillmark has so far raised $40 million, specifically for investing in startups that utilize Bitcoin and the Lightning network.
Stillmark said its first fund was oversubscribed twice over.
Prior to Google X, Singh spent five years at Heal, a Series D stage health tech company that utilizes artificial intelligence (AI) and deep learning, which he joined at seed stage.
In an interview with CoinDesk, Singh called Bitcoin a “moonshot” technology that’s a fundamental evolution of financial technology tjat levels the playing field for many people.
Singh wants Bitcoin to be a “stable base layer for people to be their own bank and be independent.”
Compared with other cryptos bitcoin (BTC) is a “clear winner in the race for money over the internet,” he said.
Lightning Labs has been fundamental in El Salvador adopting bitcoin as legal tender and making it available alongside cash as a payment mechanism.

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