Andreessen Horowitz secured $515M for Second Crypto Fund
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.
We’re excited to announce Crypto Fund II, a new $515 million fund to invest in crypto networks and businesses. Read our blog post by @cdixon and @katie_haun on why our commitment to crypto is an investment in the long-term development of the internet. https://t.co/QMXbaMBdVk
— a16z (@a16z) April 30, 2020
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
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