Breaking: Top Venture Capital Firm a16z Announces $2.2 Billion Crypto Fund

Published by
Breaking: Top Venture Capital Firm a16z Announces $2.2 Billion Crypto Fund

Andreessen Horowitz (a16z), the top American venture capital firm and one of the early investors in Coinbase has announced new crypto dedicated fund worth $2.2 billion. The Silicon Valley giant is also managing two other crypto funds worth $865 million combined, taking their total crypto AUM to over $3 billion.

Chris Dixon and Katie Haun the partners who run the crypto venture for the firm said,

“This fund allows us to find the next generation of visionary crypto founders, and invest in the most exciting areas of crypto. We invest in all stages, from early seed-stage projects to fully developed later-stage networks.”

Andreessen Horowitz launched their first crypto fund in 2018 during the crypto winter. The venture capital firm is known for its early backing for the likes of Facebook, Lyft, Pinterest, and Coinbase as well.

At the time of launch, the firm noted that there is a lot of similarity between their first crypto fund that came at a bearish juncture for the crypto market in 2018, and today when the market sentiments are more bearish than bullish. Bitcoin has lost nearly half of its valuation from the April high, while the crypto market cap has come below $1.5 trillion from an ath above $2 trillion just a couple of months ago.

Advertisement

Wall Street Giants Continue to Bet Big on Crypto

The recent downtrend in the crypto market might have deferred retail investors for the short term, but institutions are still showing strong confidence in the crypto market. Many top investors like Kevin O’Leary and Mike Novogratz have played down the recent price crash as the end of the bull market, and believe we are nearer to the market bottom than the top.

a16z’s announcement reinforces the institutional belief. The investment could also prove crucial for the venture capital firm as crypto investments are getting expensive by the day. In the first two quarters of 2021 alone, after six rounds of funding, crypto firms have amassed $2 billion in investment.

Advertisement

Share
Prashant Jha

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”

The Ethereum price and BMNR stock have recorded modest gains thanks to BitMine’s recent $1…

October 2, 2025
  • 24/7 Cryptocurrency News

ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?

In a fresh development, multiple ASTER tokens have been sent to Binance spot wallets, following…

October 2, 2025
  • 24/7 Cryptocurrency News

Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle

Avalanche Treasury Co., in partnership with Mountain Lake Acquisition Corp., has unveiled a $675 million…

October 2, 2025
  • 24/7 Cryptocurrency News

Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings

Nasdaq-listed VivoPower has stepped up its digital treasury goals with a fresh capital raise aimed…

October 2, 2025
  • 24/7 Cryptocurrency News

Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy

Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…

October 2, 2025
  • 24/7 Cryptocurrency News

XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization

The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…

October 1, 2025