Pantera’s partner and CTO exits bitcoin investment firm

Pantera Capital has announced the departure of its partner and chief technology officer Steven Waterhouse.

Founded in 2013, Pantera is one of the ecosystem’s largest VC firms, boasting a portfolio that includes some of its biggest success stories, including 21 Inc, Abra and Xapo. Waterhouse also served as a board advisor for bitcoin exchange Bitstamp and the now-defunct social tipping startup ChangeTip.

Steve Waterhouse is an experienced entrepreneur and investor with a deep and broad business and technical background. A source from the bitcoin and blockchain-focused venture capital firm told CoinDesk.com that Waterhouse “was not a fit” for the company given its current ambitions. Pantera saw Waterhouse as one of its key members who spoke on behalf of the VC firm at industry conferences and events.

Waterhouse’s departure follows the closure of Pantera Venture Fund II, its latest investment fund aimed at new initiatives in the industry.