Andreessen Horowitz raises $4.5bn for its crypto fund
VC firm Andreessen Horowitz has formed a new crypto investments fund despite the market witnessing a downturn
By Shashank Bhardwaj
Image: Shutterstock
The new fund is the fourth in the line of funding initiatives taken by a16z to target digital assets in particular. $7.6 billion has been raised in total to finance these funds. Of the total $4.5 billion, $1.5 billion will be directed towards seed investments, and the rest $3 billion, will be kept for venture investments. Previously, the firm had raised funds in June 2021 and April 2020. Both these happened shortly after market downturns, too.
A16z stated in the announcement that the company was ‘excited’ about the developments happening in blockchain gaming, decentralised social media, Defi, and non-fungible tokens (NFTs).

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