Andreessen Horowitz plans $1 billion crypto VC fund

The well-known venture capital Andreessen Horowitz (also known as a16z) is known for its investments in companies active in the field of cryptocurrencies. Most famous of all is the one at Coinbase, which took place when the company was in its infancy.


The new fund, Andreessen’s third that focuses on crypto investments, aims to raise about $800 to $1 billion from investors.


This move gives “indirect liquidity” to the market as it does not aim at direct purchases of cryptocurrencies, nor at converting cash into a cryptocurrency. Instead, it aims to grow the business ecosystem in this area and create new economies of scale by introducing new capital.


What is certain is that more and more people seem to be aiming for being involved in the space in any way.