Andreessen Horowitz Eyes USD 4.5B For New Crypto Funds - Aliens: AI Crypto News & Markets Updates
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Andreessen Horowitz Eyes USD 4.5B For New Crypto Funds

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Cryptonews

Thu, Jan 20, 2022

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As another sign of venture capital money increasingly fueling the cryptosphere’s disruption of legacy finance, US venture capital firm Andreessen Horowitz (a16z) has unveiled plans to raise up to USD 4.5bn to launch new crypto-focused funds -- potentially more than doubling the amount it raised less than one year ago.

Last week, the VC firm told investors it was determined to raise up to USD 3.5bn for its latest crypto venture fund, and up to USD 1bn for a separate fund that would focus on seed investments in digital asset start-ups, reported The Financial Times, citing "people briefed on the discussions".

Data released by financial data and software company PitchBook in December indicated that, breaking all previous records, venture capital firms had invested some USD 30bn into crypto last year year -- exceeding almost fourfold the amount recorded in the previous record year of 2018.

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