A16z eyes $3.4B raise for next venture funds: Axios
New a16z crypto investing vehicles could be introduced in 2025
Andreessen Horowitz reportedly expects to raise $3.4 billion for its next early and seed-stage venture funds.
Axios reported Monday that a16z, the largest venture capital firm by assets under management, will launch its fundraising efforts by the end of this year with an aim of closing them during the first half of 2024.
Blockworks reached out to a16z but didn’t receive an immediate response.
While a16z is chiefly known for focusing on tech, the burgeoning AI sector, and social media platforms for investment, the firm’s portfolio also includes buying in crypto projects and businesses.
A16z’s notable crypto investments include Coinbase, Aptos, Avalanche, Dapper Labs, Layer Zero, OpenSea and Worldcoin, among others.
Crypto investing will remain a priority, with new investing vehicles coming in 2025, Axios reported.
Among the firm’s recent crypto investments was smlXL, which raised $13.4 million in late October.
In September 2022, a16z Crypto led a $16.8 million seed round for NFT-focused startup IYK alongside Collab Currency, Lattice Capital, 1kx, Synergis Capital and others.
A16z has demonstrated growing interest in the UK market as well.
A16z wrote to the UK government in May in response to a February call for consultation on crypto regulation . The venture firm urged the country to avoid a “one-size-fits-all” approach and criticized US regulators for relying on the “difficult to enforce” Howey test for its securities regulation framework.
Don’t miss the next big story – join our free daily newsletter .
Follow Sam Bankman-Fried’s trial with the latest news from the courtroom .
- a16z
- Funding
- VC
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Trader Loses $3M in Seconds Due to Simple Copy-Paste Error and Scam
State Street Advisor Highlights Bitcoin’s Threat to Gold’s Stability
BREAKING: MicroStrategy Buys 55,500 BTC Worth $5.4 Billion
Sony is supposedly working on a handheld PlayStation console to support PS5 games
Share link:In this post: A Bloomberg report suggested that Sony is working on a handheld PlayStation console that will support PS5 games. The report suggested the possibility of the device being years away from launch. Nintendo is currently the only console with a handheld device and will launch its successor next year, while Microsoft is also working on its handheld console.