Andreessen Horowitz launches $515M blockchain fund

posted 7 months ago
Two years ago Andreessen Horowitz raised $300 million for its first investment fund devoted to Bitcoin and other cryptocurrency projects, and now the Silicon Valley venture capital firm has raised a second similarly themed fund. The new vehicle focuses on blockchain technology, the database innovation behind cryptocurrencies, and totals $515 million.

Coleader of the fund Chris Dixon said “It’s very rare that major, new computing paradigms come along, and we think this is on the scale of cloud and mobile for the Internet.” It’s worth noting that cofounder Marc Andreessen had cofounded Internet browsing king Netscape Navigator, and that now he also sits on Facebook’s board.
Tags: blockchain, news