One of the leading venture capital firms of Silicon Valley Andreessen Horowitz cryptocurrency units continue to rise. The company is looking to double the fund it raised to invest in cryptocurrencies last year. $4.5 billion new fund it’s drying.
It was alleged that the company informed investors about the new fund last week and aims to raise $4.5 billion, including $3.5 billion for a cryptocurrency venture fund and $1 billion for digital asset start-ups.
According to the Financial Times, Andreessen plans to complete the fund by March.
Andreessen Horowitz stands out among VC firms for being an early investor in Facebook, Twitter, Airbnb, Stripe, Coinbase and a host of other leading tech companies.
The company had created $2.2 billion in funds and invested in cryptocurrencies in June 2021. The company’s new move shows that the anticipation for cryptocurrencies is still warm.
About Andreessen Horowitz
Andreessen Horowitz is a privately held American venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California. Andreessen Horowitz invests in both early-stage start-ups and established growth companies.