RATE Group | Will this $515 Million VC Megafund Boost Cryptocurrency Markets Again?
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Will this $515 Million VC Megafund Boost Cryptocurrency Markets Again?

02 May Will this $515 Million VC Megafund Boost Cryptocurrency Markets Again?

Posted at 09:50h in Cryptocurrency News by

The Silicon Valley-based venture capital giant Andreessen Horowitz has just announced a new cryptocurrency fund worth over half a billion dollars. The firm boosted cryptocurrency markets with the first iteration of funding and is now hoping to make an even bigger splash.

A couple of years after raising $300 million for its first crypto-focused investment fund, Andreessen Horowitz is working on a second version, also devoted to the digital asset industry. According to the company statement, the ‘Crypto Fund II’ has successfully raised $515 million to invest in cryptocurrency networks and businesses.

Andreessen Horowitz was founded in 2009 by Marc Andreessen, who co-founded the first dominant web browser, Netscape, along with technology entrepreneur Ben Horowitz.

The firm’s investments have been highly successful, and include big names like Skype, Airbnb, Lyft, and Stripe. On the crypto front, the firm has also invested and shown interest in Bitcoin

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