• May 21, 2024

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Andreessen Horowitz Raises $4.5 Billion in New Crypto-focused Fund

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Venture capital company Andreessen Horowitz (a16z) has raised $4.5 billion in a new fund focused on web3 and crypto startups.

According to the company, out of this figure, $1.5 billion will go to pre-seed investments, while the remaining amount is intended for rounds at more mature stages of companies’ development.

The Foundation focuses on projects on games, DeFi, NFTs, social platforms, sovereign identity, network infrastructure of the first and second levels, confidentiality and others.

The structure has become the fourth a16z crypto fund. The company has raised more than $7.6 billion for these purposes. The company has written:

“We are entering the golden era of Web 3.0. A wide range of dApps has reached tens of millions of users. A huge wave of world-class talent has entered the industry and is determined to improve the Internet.”