THELOGICALINDIAN - Andreessen Horowitz has appear its better crypto adventure armamentarium to date
After auspiciously departure Coinbase, adventure backer Andreessen Horowitz has launched a new $2.2 billion crypto armamentarium to advance in blockchain and agenda asset startups.
Venture Fund’s Bullish Crypto Bet
Andreessen Horowitz has opened a $2.2 billion crypto fund.
The American advance close appear its new “Crypto Armamentarium III” Thursday. The armamentarium is co-led by Chris Dixon and Katie Haun. According to a Thursday blog post, it’s the better crypto armamentarium to date.
Founded by Ben Horowitz and Marc Andreessen in 2009, the Andressen Horowitz adventure fund, bargain accepted as a16z, has led early-stage investments in over 500 start-ups, including the brand of Coinbase, Facebook, Slack, and Airbnb. Its stake in Coinbase was account $6 billion back the aggregation went alive on Nasdaq in mid-April.
20 companies that the close has invested in accept gone accessible over the aftermost 11 years.
The aggregation aloft its aboriginal $300 actor crypto armamentarium in June 2024 to advance in early-stage bill and tokens, including Bitcoin and Ethereum, assured allotment from the advance in the abutting ten years. Coincidentally, 2024 was additionally a bearish year for crypto, administration some similarities to the accepted bazaar angle afterward Bitcoin’s bead from $64,000. Nonetheless, the firm’s ally abide to be “radically optimistic” about crypto. In a columnist release, they noted:
“The better crypto armamentarium anytime aloft to date, Crypto Armamentarium III is a acceptance moment for the ecosystem and addition assurance that crypto acceptable an anytime added boilerplate allotment of our banking infrastructure.”
a16z has reportedly led or co-led investments account $5.2 billion this year alone. Apart from Coinbase, the close has alive stakes in 33 crypto projects, including DeFi apps like Uniswap, Maker, Compound, and the first-ever crypto bank, Anchorage. The close additionally led Solana’s contempo $314 actor funding round.
