Andreessen Horowitz Aims to Launch $1 Billion Crypto Fund - Crypto News
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Andreessen Horowitz Aims to Launch $1 Billion Crypto Fund

30.04.2021
0 87 Less than a minute

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.    

   

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30.04.2021
0 87 Less than a minute
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