Andreessen Horowitz Announces New $4.5 Billion Crypto Fund

Andreessen Horowitz (a16z), the Silicon Valley-based venture capital firm, announced today that it has raised a whopping $4.5 billion for a new crypto fund. This is the company’s fourth and largest fund to date.

New developments

‘Crypto Fund 4’ doubles the size of the previous crypto fund of a16z that was raised in June of last year. This shows that partners of the company are looking to increase exposure to promising Web3 startups, despite the turmoil in the crypto market.

“We think we are now entering the golden age of web3. Programmable blockchains are sufficiently advanced and a wide variety of apps have reached tens of millions of users. More importantly, the last year has seen a huge wave of talent invade web3. They are brilliant and passionate and want to build a better internet.” Said a16z partner Chris Dixon.

Of the $4.5 billion that will be raised, $1.5 billion will go to start-up investments. The rest is reserved for venture capital investments, a16z said.

According to Dixon, the company is extra enthusiastic about the latest developments in a number of sectors. These include Web3 games, decentralized finance (DeFi), decentralized social media, self-sovereign identity, layer-1 and layer-2 infrastructure, DAOs and governance, NFT communities, privacy, creator monetization, regenerative finance (ReFi), new applications of ZK proofs, decentralized content and many other areas.

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