VC raises $515mn for crypto

May 01, 2020 | Investment

Written by FinTech Alliance

VC raises $515mn for crypto

Andreessen Horowitz has raised $515mn for a crypto fund.

In Brief:

  • It’s the VC’s second fund focused on crypto networks and businesses.

  • The raise has exceeded its target of $450mn.

  • It will invest in firms working in areas like “next generation payment” and “modern store of value”.

What does this mean?

On the company’s blog, it acknowledges that crypto has gone through a number of phases but it’s now at the stage where enterprising ideas can be built on the tech. Andreessen Horowitz urges “visionary entrepreneurs” to get in touch…

Read more here.

 

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