Breaking: Andreessen Horowitz Seeks $4.5B For New Crypto Investments

By Parasshuram Shalgar
January 20, 2022 Updated January 20, 2022
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Andreessen Horowitz Looks to Raise $4.5B for New Crypto Funds: Report

Silicon Valley, California-based venture capital firm Andreessen Horowitz (a16z) is looking to raise $4.5 billion for new funds, reports Yahoo Finance!. The company told its investors that it is looking for $3.5 billion for a crypto venture fund.  

Andreessen intends to finalize the latest funds by March, the firm declined to comment. If things go according to plan, the company’s haul would efficiently overtake any other funds raised to make early bets on cryptocurrency start-ups.

The fund will surpass the $2.2 billion it raised in June last year for its Crypto Fund III. It was the largest in the industry at the time.

Andreessen Horowitz targets $1 billion fund

The Yahoo report adds that the company targets another $1 billion in funding to invest in seed funding for digital asset startups.

The report further added that the above discussions were held last week.

The new crypto budget would be the industry’s biggest, surpassing the $2.5 billion raised by Paradigm in November. It arrived weeks after Katie Haun, an a16z partner, said she was leaving the company to start her own venture capital corporation.

Andreessen Horowitz backs bold entrepreneurs building the future through technology. The company aims to connect entrepreneurs, investors, executives, engineers, academics, industry experts, and others in the technology ecosystem, according to its official website.

The company plans to invest in Topography Health

Earlier in the day, the company posted on its blog that it plans to invest in Topography health. The blog post read, “We’re excited to invest in Topography Health. CEO Alexander Saint-Amand and team are building a managed marketplace to improve the throughput and diversity of clinical trials. ” Read the complete blog post here.

Andreessen Horowitz funds in both early-stage startups and established growth businesses. Its assets span the mobile, cryptocurrency, gaming, social, e-commerce, education, and enterprise IT industries

Parasshuram has been online in various capacities as a pro-blogger, top researcher, and now a senior editor at CoinGape.com. He has over 14 years of experience in the field of online publishing. Mr Shalgar can be reached at [email protected]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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