Venture capital giant Andreessen Horowitz (a16z) has announced a new $4.5 billion fund for crypto and blockchain startups.
Andreessen Horowitz (a16z) has added a new one to his moves towards the crypto market. The company announced Wednesday that it will launch another $4.5 billion fund for crypto and blockchain startups. According to the statement, 1.5 billion dollars of the fund will be allocated to initial investments and 3 billion dollars will be allocated to venture investments.
The ‘Crypto Fund 4’ fund represents the company’s fourth crypto fund. The first of the funds was launched four years ago. With this announcement, the company’s fund allocated to crypto and blockchain has exceeded $ 7.6 billion.
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