Andreessen Horowitz considers launching crypto-centric $1 billion venture fund

2021-5-3 13:51

Silicon Valley venture capital giant Andreessen Horowitz (a16z) plans to launch a new $1 billion fund focused on investments in cryptocurrencies and blockchain startups, several knowledgeable sources told Financial Times yesterday.

Per the report, the firm is looking to raise between $800 million and $1 billion from investors for the new fund, which will become the third a16z’s VC initiative focused specifically on cryptocurrencies.

Andreessen Horowitz plans $1bn cryptocurrency VC fund https://t.co/f7u7RdIMtO

— Financial Times (@FT) April 30, 2021

As CryptoSlate reported, the company launched its first, $300 million fund dedicated to cryptocurrency-related ventures back in 2018.

“We have an ‘all weather’ fund. We plan to invest consistently over time, regardless of market conditions. If there is another ‘crypto winter,’ we’ll keep investing aggressively,” said Chris Dixon, seed investor at Andreessen Horowitz, at the time.

Then, almost exactly a year ago, the company announced its second, $515 million crypto-centric fund on April 30, 2020. Unlike the first one, it was created not only to back crypto-related startups but also to invest some of its capital directly into digital assets as well.

A history of crypto-successes

To date, a16z’s investment portfolio includes numerous highly successful projects such as Ava Labs, Dfinity, Facebook’s Diem (former Libra), Filecoin, MakerDAO, Near Protocol, and Uniswap.

Coinbase alone, the largest crypto exchange in the US, proved to be an extremely profitable investment for a16z. On April 14, the platform went public via a direct listing on Nasdaq and reached a valuation of up to $86 billion. On that day, the worth of Andreessen Horowitz’s stake in Coinbase skyrocketed accordingly, reaching $11.2 billion.

04/30/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $46.7 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC $BAT $LINK $MANA $FIL $LPT pic.twitter.com/DT6t9FV9Cw

— Grayscale (@Grayscale) April 30, 2021

As the crypto market continues to surge, so does institutional investors’ interest in digital assets. As CryptoSlate reported last week, the combination of capital inflows and the increase in prices pushed the total worth of crypto assets under various companies’ management to $64 billion in total.

The post Andreessen Horowitz considers launching crypto-centric $1 billion venture fund appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum Movie Venture (EMV) на Currencies.ru

$ 0.0504199 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0504199 - H: $0.0504199
Капитализация $331.091k Rank 99999
Доступно / Всего 6.567m EMV

venture fund andreessen billion horowitz blockchain startups

venture fund → Результатов: 126


Фото:

Queensland Backs Cryptocurrency Point-of-Sale Project for Tourism

The Queensland government in Australia is backing a cryptocurrency point-of-sale system that officials believe will help boost tourism throughout the area. Thus far, they have given over $8 million in Australian dollars ($6 million USD) to roughly 70 different companies that will work to inspire innovation and create new ideas within the region’s travel space.

2018-8-2 00:27


Bitcoin [BTC] price is driven by a “very strong wave”, says investment firm CEO

Kin-Wai Lau, the CEO at Fatfish Internet Group, a venture investment firm, said that we might be seeing a second wave rally for Bitcoin [BTC] currently. He also spoke about the approval of an Exchange-Traded Fund [ETF] for the currency by the United States Securities and Exchanges Commissions, and general worldwide regulatory atmospheres. Notably, Fatfish […]

2018-8-1 05:36


Фото:

Bitwise Files With SEC for Cryptocurrency ETF

Bitwise Asset Management is the latest venture to apply for a cryptocurrency exchange-traded fund (ETF). Called the Bitwise HOLD 10 Cryptocurrency Index Fund, the ETF will track the returns of the company’s HOLD 10 Index, a “market-cap-weighted index of the 10 largest cryptocurrencies” that captures roughly 80 percent of the total cryptocurrency market capitalization.

2018-7-25 02:18


Tripterium T50 ICO

Tripterium T50 is a tokenized, closed-end index fund (CEF), which passively tracks the top fifty cryptocurrency assets by market capitalisation, in order to deliver healthy returns. The fund has a Venture Capital Feeder Fund, which will invest in expertly-vetted early stage blockchain technology companies that are seeking to undertake an Initial Coin Offering (ICO), therefore benefitting from the ICO returns.

2018-7-22 20:34


VC Firm Raises $1.8 Billion for Startup Investments Including Cryptocurrency

Lightspeed Venture Partners, a venture capital (VC) firm and early investor in Snap Inc. , has raised $1. 8 billion for startup investments including cryptocurrency projects. As it eyes a business expansion to Southeast Asia, where the digital currency ecosystem thrives like no other region, the VC player is likely to fund a number of promising cryptocurrency products.

2018-7-12 07:00


Фото:

In profile — The Top 10 VC firms investing in blockchain

According to Crypto Fund Research, these are the 10 most important and influential venture capital companies investing in blockchain and cryptocurrency companies — ranked according to four key criteria: value of total blockchain investments, total number of blockchain investments, length of blockchain investment experience, and level of investment activity in the last 12 months

2018-7-8 18:01


Hedge Fund Bullish on EOS and Ethereum, Bearish on Ripple and Litecoin

Austin-based cryptocurrency hedge fund Multicoin Capital is long Ethereum as well as EOS while short both Litecoin and Ripple’s XRP. Backed by Andreessen Horowitz’s Marc Andreessen and Union Square Venture’s Chris Dixon among others, the $75 million fund is defending its most significant position: EOS, a currency that raised $4 billion through an ICO last month […] Hedge Fund Bullish on EOS and Ethereum, Bearish on Ripple and Litecoin was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-3 01:24