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Home Venture Capital

GOP Probes Commerce Secretary’s Ties To Chinese VC Firm

New York Tech Editorial Team by New York Tech Editorial Team
December 20, 2021
in Venture Capital
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VC Firm Fights To Block £7.6M Rosenblatt Legal Bill
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By Christopher Cole (December 20, 2021, 5:32 PM EST) — Three Republican lawmakers have started to probe the high-ranking role of U.S. Department of Commerce Secretary Gina Raimondo’s husband in an artificial technology firm that reportedly received Chinese government-backed venture capital.

U.S. Rep. Cathy McMorris Rodgers, R-Wash., wrote to Raimondo to share “significant concerns” that the Cabinet member’s husband, Andy Moffit, serves as chief people officer at PathAI, a tech company that received capital funding from Danhua Capital, a Silicon Valley firm with financial ties to China.

Raimondo’s spousal ties to a Chinese government-backed tech enterprise raises serious potential for conflicts of interest, McMorris Rodgers wrote Friday along with Reps. Gus…

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