Venture capitalist Tim Draper has invested in the Los Angeles blockchain accelerator Goren Holm Ventures and has also expanded his partnership with the firm, now rebranded to Draper Goren Holm.

The announcement follows Goren Holm’s acceptance into the Draper Venture Network (DVN) earlier this year. DVN is said to be an alliance of self-governed, independent venture funds that cooperate on investor diligence, market intelligence, corporate relationships, and co-investments.

Draper is known for his early investments in companies such as Tesla, Hotmail, Skype and Coinbase. He is also known for his early support of Bitcoin.

Founding partner, Alon Goren, discussed the platform’s ability to identify early-stage, high-quality entrepreneurs in an emerging market and bring them all together.