According to a company posting on May 1, a venture company from Silicon Valley and well-known cryptoinvestor Andreessen Horowitz raised $ 2.75 billion for two new funds.
The lion's share of the new capital will go to a specialized late-stage venture fund of $ 2 billion (LSV Fund I), headed by the general partner of Andreessen Horowitz, David George.
In the meantime, $ 750 million was raised for the sixth general fund – focused on the early stages of proposals for enterprises, consumers and financial technologies – which will be located next to the existing specialized cryptocurrency and biofunds of the company.
As the managing partner, Scott Kupor, notes in yesterday's announcement, the cryptocurrency was still in its infancy when the venture company began its operations in 2013. Creating a crypto fund worth $ 350 million , a16z – which supports a number of venture projects from start-ups to initial coin offers (ICO) – prompted the firm to hire its first investment partner.
Since then, the $ 350 million Horowitz Andreesssen cryptographic fund, a16z, has invested in the MakerDAO start-up blockchain (MKR), which is behind the Dai air stable project (DAI), the basis and institutional keeper of the crypto-anchorage, as well as cloud computing startups in the blockchain. DFINITY and Oasis Labs.
In February of this year, the University of Michigan Foundation announced plans to support its investments in the Andreessen Horowitz “crypto-network technology fund” in the amount of $ 12 billion .
The Andreessen website also lists Bitcoins (BTC), Ethereum (ETH), a decentralized DNS startup Handshake, the dYdX exchange, and the TrueSd operator with the stable Trusttoken coin among its crypto-related investments.