The second crypto fund Andreessen Horowitz raised $ 515 million - $ 65 million more than planned
U.S. venture capital firm Andreessen Horowitz raised $ 515 million for its second fund, which focuses on investments in cryptocurrency projects and blockchain startups. Initially, the company planned to raise $ 450 million. Fortune reports.
“Very rarely, new large computer paradigms appear, and we think that the blockchain is comparable to cloud and mobile technologies for the Internet,” said Chris Dixon, one of the fund’s leaders. He added that he expects the soon debut of many new blockchains, including those projects in which Andreessen Horowitz previously invested.
Andreessen Horowitz was one of the first large venture capital companies to actively invest in bitcoin and blockchain. In January 2014, co-founder Mark Andreessen noted the virtues of digital money in an article for The New York Times.
Since then, Andreessen Horowitz has invested in Bitcoin, Ethereum, and other cryptocurrency projects such as Maker DAO, Compound, and Celo. The company is also an investor in Coinbase, Protocol Labs and Anchorage.
Katie Hown, who is the co-director of the company's first crypto fund, which raised $ 350 million in 2018, refused to disclose its performance, noting that the fund is betting on long-term investments.
U.S. venture capital firm Andreessen Horowitz raised $ 515 million for its second fund, which focuses on investments in cryptocurrency projects and blockchain startups. Initially, the company planned to raise $ 450 million. Fortune reports.
“Very rarely, new large computer paradigms appear, and we think that the blockchain is comparable to cloud and mobile technologies for the Internet,” said Chris Dixon, one of the fund’s leaders. He added that he expects the soon debut of many new blockchains, including those projects in which Andreessen Horowitz previously invested.
Andreessen Horowitz was one of the first large venture capital companies to actively invest in bitcoin and blockchain. In January 2014, co-founder Mark Andreessen noted the virtues of digital money in an article for The New York Times.
Since then, Andreessen Horowitz has invested in Bitcoin, Ethereum, and other cryptocurrency projects such as Maker DAO, Compound, and Celo. The company is also an investor in Coinbase, Protocol Labs and Anchorage.
Katie Hown, who is the co-director of the company's first crypto fund, which raised $ 350 million in 2018, refused to disclose its performance, noting that the fund is betting on long-term investments.