Silicon Valley venture capital firm Andreessen Horowitz has launched a new $2.2 billion fund.
The fund will to continue investing in crypto networks and the founders and teams building in this space.
As Crypto Fund II, the third fund will focus on backing the next generation of visionary crypto founders, and investing in such areas of crypto as
- Next Generation Payments
- Modern Store of Value
- Decentralized Finance
- New Ways for Creators to Monetize
- Web 3
Led by General Partners Chris Dixon and Katie Hawn, and Managing Partner Scott Kopur, Crypto Fund III invests in all stages, from early seed-stage projects to fully developed later-stage networks.
The firm is also expanding its team to provide regulatory and operational capabilities alongside its crypto-native data science and research services.
- Anthony Albanese, who joined the firm last year from the New York Stock Exchange, was promoted to the role of Chief Operating Officer to lead operations.
The additions include:
- Bill Hinman, the former Director of the Securities and Exchange Commission’s Division of Corporation Finance joins as an advisory partner. He spearheaded the SEC’s early work with digital assets, and made critical contributions that provided clarity to companies operating in the space. Hinman will provide valuable insights to the team and portfolio companies as well as play a key role in shaping the future regulatory environment in which we and they operate.
- Alex Price, an investor, entrepreneur and computer scientist, joins as an advisory partner. Price was co-founder and CEO of a quantitative research and trading firm, which was acquired by Digital Currency Group’s Genesis Capital. He directly invested in and advised a number of the technology ventures that have become foundational to the DeFi, NFT, and crypto-social ecosystems.
- Tomicah Tillemann joins as Global Head of Policy. Tillemann served as a senior advisor to now-President Joseph Biden and two Secretaries of State, as Hillary Clinton’s speechwriter, and has decades of experience at the highest levels of Washington and international policymaking. He was Chairman of the Global Blockchain Business Council and has held advisory roles with the United Nations, World Bank, World Economic Forum, and numerous blockchain companies. He’s an internationally recognized leader in applying new technologies to big opportunities.
- Brent McIntosh, who joins as an advisory partner, has led U.S. government efforts to encourage responsible financial innovation and address policy issues presented by digital assets. Most recently, McIntosh served as Under Secretary of the Treasury for International Affairs, where he managed the international Financial Stability Board’s initiative to adapt financial regulation to the rise of digital assets and coordinated the G7’s work on crypto.
- Rachael Horwitz has joined as operating partner leading marketing and communications. Horwitz is a Silicon Valley veteran who has led communications strategies at Twitter, Google, and Facebook, all during periods of intense scrutiny. She was Coinbase’s first Vice President of Communications, building the marketing and communications function from the ground up and supporting the company as it nearly tripled in size.
Other additions include Justin Gregorius as Protocol Specialist, Mason Hall as Deal Analyst, Kindra Mason as Chief of Staff, James Rathmell as Counsel, and Carra Wu as Deal Analyst.
FinSMEs
03/07/2021