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Andreessen Horowitz Launches Second Crypto Fund Worth USD 515 Million
The company invests in seed to late-stage technology companies across the consumer, enterprise, bio/healthcare, crypto, and fintech spaces.
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CIO Applications | Tuesday, May 05, 2020

The company invests in seed to late-stage technology companies across the consumer, enterprise, bio/healthcare, crypto, and fintech spaces.
Fremont, CA: Silicon Valley-based venture capital firm Andreessen Horowitz announced the launch of its second crypto fund at USD 515 million. The new fund follows the first crypto fund of USD 300 million launched in 2018. The second crypto fund will be invested in crypto networks and businesses. The investment will be focused on next-generation payments via blockchains.
“Investments made in internet technologies over the last several decades have given rise to products and services used every day by billions of people, including messaging, video conferencing, ecommerce, and everything in between. We think it's important to keep investing in the long-term development of the internet to address the needs of the coming decades," said general partners Chris Dixon and Katie Haun.
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The crypto fund will also focus on the modern store of value decentralized finance built on top of blockchains that embraces the core values of the open internet. These core values include unrestricted access to anyone in the world, commitment to open source code, permissionless extensibility by third-party developers, minimal-to-no fees, and encryption-backed security and privacy. In addition, the fund will also focus on new ways for creators to monetize, which will come from crypto across the video game industry and other creative activities, including writing, music, podcasting, programming, design, and more.
The crypto fund portfolio includes Coinbase, FileCoin, OpenBazaar, Handshake, TrustToken, and more. “These are a few areas where people are already building, but it only scratches the surface of the yet-to-be-imagined applications that entrepreneurs will dream up. In the same way that it wasn’t obvious in 2007 how applications on top of mobile phones would change so many aspects of the ways in which we move, consume, travel, communicate, and even date, it’s hard to imagine what the very best apps and use cases will be for blockchain-based computing platforms,” added Dixon and Haun.
Andreessen Horowitz was founded in 2009 by Marc Andreessen and Ben Horowitz, as a venture capital firm that backs bold entrepreneurs building the future through technology. The company invests in seed to late-stage technology companies across the consumer, enterprise, bio/healthcare, crypto, and fintech spaces.
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