Bitcoin Foundation appoints Cape Town VC Llew Claasen as executive director

Announcements | June 23, 2016 By:

The Bitcoin Foundation has announced the appointment of Llew Claasen as executive director.

Claasen, alongside Vinny Lingham, runs VC firm Newtown Partners, which has invested in a number of South African companies, including SweepSouth and eShip.

“I’m looking forward to leading the Bitcoin Foundation going forward. There is an amazing opportunity for the organization to help the Bitcoin ecosystem. In the coming weeks I’ll be working closely with the board, membership, transition team and various stakeholders to create the best plan for success possible,” Claasen said.

Outgoing executive director Bruce Fenton said Claasen’s skill set was exactly what the organisation needed now.

“After an extensive search, I’m happy to say that the Bitcoin Foundation has appointed a serious and qualified person as the new executive director, venture capitalist Llew Claasen,” said Fenton.

The Bitcoin Foundation is an American nonprofit corporation. It was founded in September 2012 with the stated mission to “standardize, protect and promote the use of Bitcoin cryptographic money for the benefit of users worldwide.