Leading VC Andreessen Horowitz raises another $ 9 billion

Andreessen Horowitz – a leading venture capital firm and a leading investor in the cryptocurrency field – has raised another $ 9 billion to advance its involvement in the growing industry.

• Andreessen Horowitz (a16z) is one of the leading venture capital companies investing in all kinds of crypto- and technology-related projects.
• According to a recent announcement, the company has raised a new billion dollars “to invest through our venture, growth and biofunds.”
• Of the total, $ 1.5 billion will go to the Bio Fund, $ 5 billion to the Growth Fund and $ 2.5 billion to the Venture Fund.

Together with the $ 2.2B Crypto Fund and $ 400M Seed Fund we raised in 2021[ads1], we will continue to invest across the full range of stages, writing checks as small as $ 25,000 and up to hundreds of millions of dollars. – Reads the announcement.

• The company has historically been positive about the emergence of cryptocurrencies. Its co-founder, Marc Andreessen, stated last year that Bitcoin is fundamental to the technological transformation.
• a16z has been involved in several financing in the industry. In October last year, Axie Infinity raised $ 150 million in a financing round led by the VC company.