Lindsey Maule leaves Precursor to launch cryptocurrency hedge fund Luna Capital

Lindsey Maule, head of cryptocurrency research at Precursor Ventures, has launched Luna Capital, a cryptocurrency-focused hedge fund, serving as CEO and general partner, according to the new firm’s website.

Maule joined Precursor in August 2017 to build the firm’s investment strategy for initial coin offerings and advise portfolio companies on launching ICOs, according to her LinkedIn page.

In October 2017, Luna Capital began fundraising, according to a regulatory filing. At the time it listed an indefinite target amount and zero investors. Travis Gough and Michael Mazzotta are also listed as GPs on the website.

Maule focuses on pre-ICO and ICO investments, the website shows. She did not immediately respond to VCJ’s requests for comment.

But Charles Hudson, managing partner at Precursor Ventures, on Feb. 27 mentioned her departure while he was speaking at a panel on ICOs at Stanford University. “We will miss her as she moves on to her next venture,” he said.

Precursor is seeking to raise $25 million for its second fund.

Disclosure: Kaitlyn Bartley and her husband own cryptocurrencies, including Ripple’s XRP.

Lindsey Maule, CEO and a GP at Luna Ventures. Photo sourced from the firm’s website.