Are Andreessen and Ben Horowitz building a crypto fund?

There are rumors that Andreessen and his partner Ben Horowitz are building a massive crypto fund to add to its previous two. The latest crypto fund, dubbed Crypto Fund III, will catapult the fund’s crypto exposure well into the billions.

What companies did Andreessen Horowitz fund?

Andreessen Horowitz funded some of those companies with its $515 million Crypto II fund, including Aleo, which helps build decentralized applications, and Goldfinch, a platform that enables crypto borrowing without crypto collateral.

Who is Ben Horowitz?

Andreessen Horowitz co-founder Ben Horowitz. Andreessen Horowitz is planning to raise $4.5 billion for crypto investments, the Financial Times reported. The target is more than double the $2.2 billion raised for a similar fund in June last year. If successful, the amount would surpass any other funds raised by any crypto venture investor.

What is Andreessen's $2.2 billion crypto fund?

The $2.2 billion crypto fund would expand the firm’s investment top to bottom. Early in the year, Andreessen’s crypto portfolio included projects from major blockchains to smaller, niche entities. Infrastructure projects like Bitcoin, Ethereum, and chia held a significant portion of the fund.