A $1 billion crypto fund could be on its way from Andreessen Horowitz
The VC firm is looking to raise a considerable sum to put towards crypto investments. Building on its previous crypto involvement, VC firm Andreessen Horowitz is now reportedly gathering thunder for another fund, according to an article from the Financial Times, or FT.“The new fund, Andreessen’s third that is focused on cryptocurrency investments, is aiming to raise between $800m and $1bn from investors, according to four people with knowledge of the process,” FT wrote on Friday. A Venture Capital, or VC, firm, Andreessen Horowitz also operates under the name a16z. The entity is active in....
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The Silicon Valley venture firm is doubling down on blockchain technology, having already supported several crypto startups over the years. Andreessen Horowitz is launching a new crypto-focused fund dedicated to expanding the size and marketability of blockchain projects, offering further evidence that venture funds believe in the staying power of digital assets. Crypto Fund III, a $2.2-billion venture fund co-led by Andreessen Horowitz general partners Chris Dixon and Katie Haun, was officially announced Thursday morning. The fund will be used to finance cryptocurrency networks and teams....
One of the biggest names in venture capital, Andreessen Horowitz (also known as a16z), is reportedly raising capital between $800M and $1B for their latest cryptocurrency fund. Third Time’s A Charm The firm has raised capital for two previous funds centered around cryptocurrency investments, including an initial $300M fund in 2018 and a roughly $500M […]