- Andreessen Horowitz (a16z) raised a $4.5 billion new crypto fund.
- This fourth cryptocurrency fund is considered to be the largest individual crypto fund acquired.
- The firm’s general partners believe that they see a “golden era” of Web 3.
Venture capital giant Andreessen Horowitz announced on Wednesday it has raised a $4.5 billion fund for backing crypto and blockchain companies.
Despite the current crypto market crisis, American VC Andreessen Horowitz (@a16z) has closed a $4.5 billion new crypto fund. The firm’s new fund doubles the size of its last crypto effort, which was launched less than a year ago. pic.twitter.com/icSMfsO5BV
— Swipeline (@Swipeline_Media) May 25, 2022
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