Andreessen Horowitz (a16z), a crypto-friendly venture capital firm based in Silicon Valley, is reportedly set to launch a fundraising round by the end of the year targeting approximately $3.4 billion for its next early and seed-stage funds.
This core fund is said to represent a slight increase over previous efforts and will include new growth, crypto and bio vehicles. The venture capital giant will ask, although not require, limited partners to invest via a new master vehicle that would feed into sub-funds, including some of its sector-specific vehicles.
A16z has already outlined its bullish outlook on generative AI, noting the industry’s massive potential and impact. The firm has also made notable investments in the crypto space, such as Coinbase, Dapper Labs, Avalanche, and MakerDAO.
In May 2022, a16z announced a $4.5 billion fund that targeted projects in crypto and blockchain. This new fundraising round is an indication of the firm’s increasing commitment to the space and its projects, as well as its belief in their potential for growth.
