Silicon Valley, California-based enterprise capital agency Andreessen Horowitz is trying to increase $4.5 billion for brand new funds, reviews Yahoo Finance!.
The corporate informed its buyers that it’s searching for $3.5 billion for a crypto enterprise fund.
Enterprise capital agency @a16z is trying to increase $4.5 billion for crypto investments, together with a $3.5 billion fund that might be the trade’s largest.
— CoinDesk (@CoinDesk) January 20, 2022
The fund will surpass the $2.2 billion it raised in June final yr for its Crypto Fund III. It was the biggest within the trade on the time.
Andreessen Horowitz targets $1 billion fund
The Yahoo report provides that the corporate targets one other $1 billion in funding to spend money on seed funding for digital asset startups.
The report additional added that the above discussions have been held final week.
The brand new crypto price range can be the trade’s greatest, surpassing the $2.5 billion raised by Paradigm in November. It arrived weeks after Katie Haun, an a16z accomplice, stated she was leaving the corporate to begin her personal enterprise capital company.
Andreessen Horowitz backs daring entrepreneurs constructing the long run by means of know-how. The corporate goals to attach entrepreneurs, buyers, executives, engineers, lecturers, trade consultants, and others within the know-how ecosystem, in line with its official website.
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