US-based enterprise capital powerhouse Andreessen Horowitz (a16z) mentioned it simply raised USD 9bn for its Enterprise, Progress, and Bio funds, as they intention to take a position “throughout your entire spectrum of levels, writing checks as small as USD 25,000 and as much as a whole bunch of thousands and thousands of {dollars}.”
The agency said it raised USD 5bn for its Progress Fund, which has already invested in main crypto corporations comparable to Coinbase, OpenSea, and Sandbox. Their Enterprise Fund raised USD 2.5bn, whereas the Bio fund obtained USD 1.5bn in contemporary capital.
As reported, a16z raised USD 2.2bn for its Crypto Fund in 2021.
No additional particulars concerning the newest increase and future investments have been supplied.
“We see entrepreneurs daily with potential options starting from a fairer inventive economic system to raised training for low earnings college students to cures for most cancers. We by no means know which of those will work and that’s why we worth the individuals who guess their careers and their lives on fixing these issues,” Ben Horowitz, Co-founder and Normal Accomplice on the agency, mentioned.
___
– Net 3.0 Wars are Changing into Private as Jack Dorsey Attracts the Decentralization Line
– a16z Lays out Regulatory Proposal as SEC Chief Focuses On Shopper Safety
– Andreessen Horowitz Secures USD 2.2B For These 5 Crypto Areas
– Crypto Elephant Modifications The Method The World Works – Marc Andreessen
