Venture capital pioneer Andreessen Horowitz commits another $9 billion to invest in the crypto market
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Answer Venture capital pioneer Andreessen Horowitz commits another $9 billion to invest in the crypto market
Andersen Horowitz, a leading venture capital firm and prominent cryptocurrency investor, has raised a new $9 billion to increase its involvement in the growing crypto industry and technology projects in general.
Andersen Horowitz (a16z) is among the leading venture capital firms investing in all types of cryptocurrency and technology related projects.
According to a recent announcement, the company has raised $1 billion in new investments through Venture, Growth and Bio Funds.
Of the total amount, $1.5 billion will go to the Bio Fund, $5 billion to the Growth Fund, and $2.5 billion to the Venture Fund.
What was stated in the advertisement:Read:The crypto market is facing a series of events and the possibility of further decline in the future, according to “JP Morgan”
… Along with the $2.2 billion crypto fund and the $400 million seed fund that we raised in 2021, we will continue to invest across a full range of stages, writing checks as small as $25,000 and even hundreds of millions of dollars.
It is worth noting that Andreessen Horowitz was historically optimistic about the emergence and development of the cryptocurrency market.
Its founder, Mark Andreessen, stated last year that Bitcoin is central to the technological transformation.
“a16z” has participated in multiple financings in the industry.Read:Cryptocurrency trading platform disappears with the money of customers and users
Last October, Axie Infinity raised $1 million in a funding round led by venture capital firm a16z.
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