Driving excessive within the wake of Coinbase’s massively profitable direct itemizing, the enterprise capital agency Andreessen Horowitz is gearing as much as launch a 3rd crypto fund, per a report within the Monetary Occasions.
It plans to lift between $800 million and $1 billion for brand spanking new investments in cryptocurrencies and crypto startups. The agency’s final fund, introduced on this present day final yr, got here in at $515 million.
For the previous decade, Andreessen Horowitz has been the driving drive behind most of the most outstanding tasks in crypto; previous investments embody Anchorage, Celo, Dapper Labs, Basis, and Uniswap.
Coinbase, now the biggest crypto change within the US, is likely one of the agency’s most outstanding investments—it went public earlier this month with an preliminary share worth of $381, and is now value rather less than $60 billion. Honcho Marc Andreessen personally holds a major stake within the firm, as does Katie Haun, a accomplice.
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