Andreessen Horowitz Announces New $4.5 Billion Crypto Fund

26.05.2022 08:10
by Anđelija Anđelić
1 min read

Andreessen Horowitz (a16z), the Silicon Valley-based venture capital firm, today announced it raised a whopping $4.5 billion for a new crypto fund, the firm’s fourth and the biggest so far.

Crypto Fund 4 doubles the size of a16z’s previous crypto fund raised in June last year, showcasing that despite the turmoil in the crypto market, the firm’s partners are increasingly looking to get more exposure to promising Web3 startups. 

“We think we are now entering the golden era of web3. Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,” a16z partner Chris Dixon wrote in a post accompanying the raise.

Author

  • Anđelija Anđelić is an Italian language and lit major, and investigative journalist with a special interest in the crypto world and tech innovations. Exploring the ways our world is changing and bringing the freshest info is her passion.

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