The Silicon Valley venture capital firm just announced a new $2.2 billion cryptocurrency-focused fund.
Andreessen Horowitz is launching a multibillion-dollar fund to invest in a volatile ecosystem it believes will eventually be as influential as the internet.
The Silicon Valley venture capital firm, founded by Marc Andreessen and Ben Horowitz, announced its new $2.2 billion cryptocurrency-focused fund Thursday. The company says it plans to deploy that capital across blockchain and digital asset start-ups.
“The size of this fund speaks to the size of the opportunity before us: crypto is not only the future of finance but, as with the internet in the early days, is poised to transform all aspects of our lives,” Katie Haun and Chris Dixon, partners who run Andreessen’s cryptocurrency group, said in a blog post.