Andreessen Horowitz is reportedly raising as much as $450M for new crypto fund
According to the Financial Times, venture firm Andressen Horowitz is aiming to raise $450 million for its second crypto fund. Citing two sources with knowledge, the FT reports that a16z could finalize the new fund in about a week but has not yet placed a hard cap on its size.
Why it matters:
- Andreessen Horowitz is one of the most prolific and seasoned crypto investors in the world. The firm has been investing in the industry since 2013, and launched a $350 million crypto fund in 2018 that has invested in projects such as Maker and Compound.
- The news comes at a time when venture funding has slowed considerably due the macroeconomic environment.
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