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Andreessen Horowitz to Raise $3.4B Fund for Crypto Startups
Andreessen Horowitz (a16z) is reportedly planning to raise a $3.4 billion fund that will be designated for early-stage and seed-stage crypto businesses. The development was shared by Axios, which also cited other sources.
According to Axios, a16z, the Silicon Valley venture capital firm “plans to raise new growth, crypto and bio vehicles in 2025.” And, for what it’s worth, the intended raise is slightly above what the firm has done in similar efforts in the past.
Per Axios, Andreessen Horowitz is set to involve “limited partners to invest” in the new fund via a master vehicle. This vehicle will then feed into sub-funds, the report added. As of publication, the firm has yet to issue an official statement to confirm or deny the report.
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