Ex-Coinbase global expansion lead joins a16z-backed Matter Labs as president

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Nana Murugesan, the ex-Coinbase government chargeable for worldwide enlargement, has joined Matter Labs as president to drive the expansion of the zkSync know-how.

A former government at Coinbase World, Nana Murugesan, who was chargeable for spearheading the alternate’s world enlargement initiatives, has joined Matter Labs, the developer of the zkSync know-how, because the inaugural president. In an interview with Bloomberg, Murugesan expressed his eagerness to embrace the function of a founding accomplice, emphasizing his aspiration to propel an organization to the subsequent echelon of success.

“I’ve at all times needed to tackle this function of a founder complement, to actually assist an organization scale to the subsequent degree, which with smaller corporations in earlier phases, it’s doable to do.”

Nana Murugesan

Murugesan disclosed his plans to supervise a staff of 60 workers and spearhead a big recruitment marketing campaign within the upcoming months, including that the agency would additionally prioritize the enlargement of its advertising, authorized, and coverage efforts.

Earlier than becoming a member of Matter Labs, Murugesan held the place of vice chairman of worldwide and enterprise improvement at Coinbase, a job he assumed in January 2022. Previous to his tenure at Coinbase, Murugesan held varied positions at Snap Inc., Samsung Electronics, and The Boston Consulting Group. In November 2023, Murugesan announced his departure from Coinbase after it grew to become identified that the alternate opted to proceed operations inside the European Union by means of its base in Eire.

Matter Labs not too long ago secured a $200 million funding spherical in November 2022, elevating its valuation to an estimated vary of $800 million to $1.2 billion, based on estimates by Dealroom. The venture was backed by a pool of traders, together with a16z, Blockchain Capital, Dragonfly Capital, and Lightspeed Enterprise Companions.

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