iHodl.com
Main page News, Fintech, Tech, Crypto Market, Cryptocurrency
Hot topic
April 30, 2020

American private venture capital firm Andreessen Horowitz (a16z) announced it has attracted $515 million for its fund that will be used to invest in crypto networks and businesses.

DeFi Startup dForce Will Return Stolen Funds to Users

The newly-formed fund will reportedly be focused on next generation payments, modern store of value, decentralized finance (DeFi), Web 3 and other digital areas.

"We think it’s important to keep investing in the long-term development of the internet to address the needs of the coming decades," the fund said in the announcement.

It is still unknown whether the fund has already selected projects it wants to focus on.

Back in 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, and others.

In 2018, Andreessen Horowitz rolled out a $300 million fund for investments in cryptocurrency-related companies and protocols. The investment fund was named "a16z crypto."

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.