Silicon Valley venture capital firm Andreessen Horowitz has launched its $515M second crypto fund.
Crypto Fund II, which follows the first $300m fund launched in 2018, will be invested in crypto networks and businesses.
Investment focus areas are:
- Next Generation Payments via blockchains
- Modern Store of Value Decentralized Finance built on top of blockchains that embraces the core values of the open internet, “including 1) open access to anyone in the world; 2) commitment to open source code; 3) permissionless extensibility by third-party developers; 4) minimal-to-no fees; and 5) encryption-backed security and privacy.”
- New Ways for Creators to Monetize which will come from crypto across video game industry and other creative activities, including writing, music, podcasting, programming, design, etc.
- Web 3 via blockchains that enable the creation of decentralized networks.
The crypto portfolio includes COinbase, FileCoin, OpenBazaar, Handshake, TrustToken, etc.
Founded in 2009 by Marc Andreessen and Ben Horowitz, Andreessen Horowitz is a venture capital firm that backs bold entrepreneurs building the future through technology. Stage agnostic, the firm invests in seed to late-stage technology companies, across the consumer, enterprise, bio/healthcare, crypto, and fintech spaces. Andreessen Horowitz has over $11B in assets under management across multiple funds, including the $1.4B Bio funds, the $865M Crypto funds, and the Cultural Leadership Fund.