Andreessen Horowitz secured $515M for Second Crypto Fund

Andreessen Horowitz

Andreessen Horowitz, the Silicon Valley-based venture capital firm, has now launched its $515 Million second crypto fund.

Crypto Fund II, which follows the first $300 million fund revealed in the year 2018, will be infused in crypto businesses and networks, notes the announcement.

Andreessen Horowitz is founded by Ben Horowitz and Marc Andreessen in the year 2009. It is a venture capital firm that backs bold entrepreneurs building the future via the latest technology.

The firm invests in seed to late-stage technology companies across the enterprise, consumer, bio/healthcare, fintech, and crypto domain.

Andreessen Horowitz has around $11 billion in assets under the management across multiple funds which include the $1.4 billion bio funds, the Cultural Leadership Fund, and $865 million crypto funds.

The investment focus areas include the next-gen payment via blockchain, modern store of value decentralized finance built on the top of the blockchain that embraces the core values of the open internet and web via three blockchains that enable the creation of decentralized networks.

The active crypto portfolio of Andreessen Horowitz includes FileCoin, TrustToken, OpenBazaar, Handshake, and Coinbase, etc, according to their website.
PC: Pablo, Pixabay

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.
Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

No comments:

Post a Comment

    Your valuable comments are welcome. (Moderated)