Andreessen Horowitz, a well-known investor in cryptocurrency and a major venture capital firm, has raised $9 billion to expand its participation in the industry.
Andreessen Horowitz (a16z), is one of the most prominent venture capital firms investing in crypto and tech-related investments. $1.5 billion will be going to the Bio Fund, $5 billion to Growth Fund, and $2.5 Billion to Venture Fund.
We will continue to invest in the whole spectrum of stages with the $2.2B Crypto Fund, $400M Seed Fund, and the $2.2B Crypto Fund that we raised in 2021. We write checks as small at $25,000 to as large as hundreds of millions. – Click here to read the announcement.
It has always been bullish about the rise of cryptocurrency. Marc Andreessen, the company’s co-founder, stated last year Bitcoin is crucial to technological transformation. a16z has participated in multiple industry fundings. Axie Infinity, a VC firm, raised $150 million last October in a round of funding.
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