Back to the list

Andreessen Horowitz Aims to Launch $1 Billion Crypto Fund


u.today 30 April 2021 18:07, UTC
Reading time: ~1 m

Andreessen Horowitz is preparing to make its biggest bet on crypto to date. 

According to a report by the Financial Times that cites people familiar with the matter, the Silicon Valley venture capital giant is preparing to launch a $1 billion cryptocurrency-focused fund.           

The firm raised $515 million for its second cryptocurrency fund back in April 2020.  

Andreessen's first fund dedicated to crypto raised $300 million in 2018.    

It owns an eye-popping $11 billion stake in cryptocurrency exchange Coinbase. It is also an early investor in distributed ledger technology provider Ripple.    

Back to the list

Similar news
Suggest news