Andreessen Horowitz Wants to Launch Another Crypto Fund
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15 April
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Andreessen Horowitz (a16z), a private American venture capital firm, is reportedly raising $450 million for a new cryptocurrency fund, the Financial Times (FT) reports citing a source familiar with the matter.

The FT says a16z is seeking to raise as much as $450 million for a second crypto-focused fund.

It is expected that the new fund could finalise in a week "but has not yet placed a hard cap on its size."

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As of March 27, 2014, a16z managed $4 billion in assets after the closing of its fourth fund at $1.5 billion. In addition to Andreessen and Horowitz, the firm’s general partners include John O’Farrell, Scott Weiss, Jeff Jordan, Peter Levine, Chris Dixon, Vijay Pande, Katie Haun, Alex Rampell, Martin Casado and Andrew Chen.

Back in 2018, Andreessen Horowitz launched a $300 million fund for investments in crypto companies and protocols. The investment fund was named "a16z crypto." According to the company's blog, the fund is "designed to include the best features of traditional venture capital, updated to the modern crypto world."

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