Andreessen Horowitz to Raise $4.5B for New Crypto Funds
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Andreessen Horowitz (a16z) is reportedly in talks with limited partners to raise $4.5 billion for cryptocurrency-related investments, the Financial Times reports, citing two sources close to the deal.

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According to the report, the Silicon Valley-based firm wants to raise up to $3.5 billion for its latest cryptocurrency fund and up to $1 billion for a separate fund "focused on seed investments" in cryptocurrency startups. While the firm did not officially confirmed the news, sources say a16z plans to finalize the deal by March. Last year, a16z raised a $2.2 billion crypto-focused fund. The firm put the money in several Ethereum-focused startups, including Alchemy.

Almost 80% of Crypto Hodlers Would Support Web3-pro Candidate, Says a16z

The move comes just a week after cryptocurrency exchange FTX launched a $2 billion venture fund to invest in equity and/or tokens, at any check size and stage. While the requirements for funding remain unclear, FTX Ventures wrote in a blog post it is ready to back even anonymous developers.

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