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Anthony Pompliano's crypto recruitment firm raises $12.6 million and buys rival

Finance

www.theblock.co 13 July 2022 13:12, UTC
  
Reading time: ~2 m

Inflection Points, the Miami-based crypto recruitment and training firm co-founded by Anthony "Pomp" Pompliano, has unveiled a $12.6 million funding round and a deal to acquire a rival company.

According to an announcement on Wednesday, investors in the round include Peter Thiel's Thiel Capital, Fifth Down Capital, XYZ Fund, Rose Park Advisors, Blockchange, Third Prime, former Palantir CFO Colin Anderson, Eight Sleep CEO Matteo Franceschetti, former Allergan CEO Brent Saunders and real estate mogul Marc Roberts. The firm has also acquired Proof of Talent, a New York-based crypto recruitment firm founded by Rob Paone. 

Pompliano, a media personality and investor with 1.6 million Twitter followers and nearly 400,000 YouTube subscribers, co-founded Inflection Points in early 2021 with Colton Sakamoto, according to the announcement. The firm, which was previously known as PompCryptoJobs, claims to have trained and employed over 4,000 people in the crypto industry to date. It has been profitable since inception and raised the outside capital only after it hit "seven figures" in revenue.

As part of the deal, Fifth Down Capital's founder and managing partner Andrew Spellman has joined Inflection Points' board of directors.

Proof of Talent, the firm being acquired by Inflection Points, was founded by Paone in June 2019 and claims to have helped 100 individuals find jobs at more than 40 companies. As part of the acquisition, Paone and his eight colleagues are joining Inflection Points.

"By combining Proof of Talent's specialist recruitment experience and talent acquisition team with the scale of Inflection Points education and training programs, we're poised to create the most comprehensive hiring solutions for talent and employers in the industry," Paone said in the statement.

Terms of the deal weren't disclosed.


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