Venture capital firm Andreessen Horowitz (a16z) is preparing for new investment funds to be established in connection with the cryptocurrency ecosystem. 4 billion 500 million dollars aims to raise funds.
According to the Financial Times, Andreessen Horowitz for crypto startups informed that he is planning to collect 3 billion 500 million dollars for a new fund to be established.
The new fund, which the company in Silicon Valley plans to establish, was established by Andreessen Horowitz in June of last year and was for that period. largest fund in the industry $2 billion 200 million crypto fund can leave behind.
In addition to Andreessen Horowitz digital asset-focused startups It is reported that he is also planning to establish a fund worth 1 billion dollars for the purpose.
The 3 billion 500 million dollar fund planned to be established overshadows the 2 billion 500 million dollar fund that Paradigm established last year. The largest investment fund in the cryptocurrency industry it could be.